This article is a continuation of Income Analysis - Advanced Options - Creating Scenarios
Once new scenarios has been created, you can amend the inputs and compare them against each other.
In the example below, I will create three scenarios in additional to the original scenario:
Test Scenario 1 - Longer term, Forecast Life Expectancy 90years.
Test Scenario 2 - Higher Income Requirements, £2000 per month up to 79years.
Test Scenario 3 - Remove Buy to Let Other Income
Test Scenario 1
Ensure Test Scenario 1 is selected in the dropdown:
In the Goal Details area on the left side of the screen, change the Forecast Life Expectancy to 90years
Click Update
The results have updated.
Test Scenario 2
Add additional scenarios through the + New button:
Name the second scenario and click OK
Click the Edit button next to the income requirement you would like to amend:
Amend the Amount & Save
Update the results
Test Scenario 3
Repeat steps in Test Scenario 2 to create a third new scenario.
For this scenario, we'll remove the client's Buy to Let, Other Income.
Click into Other Incomes
Deselect the tick box:
Update
The results will update.
The additional scenarios are now created, see article Income Analysis - Advanced Options - Income Hierarchy
