Income Analysis - Getting Started

Create Income Analysis research through the Contact record. Navigate to Contacts tab: Find your client in the list or search: Scroll down to Income Analysis  and click  New: Complete New Income Analysis  details: Save ...

This article is a continuation of Income Analysis - Creating Research If you are looking to complete joint life research, see article Income Analysis - Joint Life - Create Research Complete the Add Goal Details screen. These details will b...

This article is a continuation of Income Analysis - Add Goal Details Complete the Charges  area: Adviser fees can be entered using either percentage or a monetary amount: Provider Product Charges  add either  Individual Charges or ...

This article is a continuation of Income Analysis - Charge The Plans screen is where you can include Phased Drawdown (if applicable) manage plans, which includes plan specific investment strategies, growth rates and projected values. If t...

This article is a continuation of Income Analysis - Add Plans The  Income Requirements area includes Annual Client Basic Expenses and Level or Profiled Income. Annual Client Basic Expenses Enter your client's annual basic expens...

This article is a continuation of Income Analysis - Income Requirements The Other Incomes area allows you to complete State Pension information and any other income to include in the analysis. State Pension State Pension is automatical...

This article is a continuation of  Income Analysis - Other Incomes From Projection An annuity quote will automatically generate when clicking into the Annuity tab. This is an Indicative quote based on the projection: From Provider Quo...

This article is a continuation of Income Analysis - Other Incomes Once you have completed the Annuity area, Continue to Next Step: The Results screen will load, showing an Income Value Graph. The graph at the top of the page shows if the...

This article is a continuation of Income Analysis - Results The Income Value and Fund Value  graphs can be exported: Choose the format: The Fund Value graph can also be exported: For further information on Income Analysis researc...

This article is a continuation of  Income Analysis - Results - Export Charts Advanced options allows you to create and compare up to 3 additional scenarios. Advanced Options will show the original income analysis scenario. Change any inpu...

This article is a continuation of  Income Analysis - Advanced Options Add a new scenario by selecting + New Name the new scenario and click OK This will copy the original scenarios details, ready to modify. Change any input...

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 a...

In the Advanced Options tab, you are able to set Income Hierarchy. Enabling this option will allow you to define a specific order for withdrawals from your holding or savings account. Click Enable Custom Drawdown Order: Update Dr...

This article is a continuation of  Income Analysis - Advanced Options - Editing Scenarios The three scenarios are now created, we can compare them. Click the Compare button: See next article  Income Analysis - Report ...

This article is a continuation of  Income Analysis - Advanced Options - Compare When you have compared the scenarios, pick the preferred scenario by selecting it from the dropdown Once selected it will show (Preferred) in title: This ...

This article is a continuation of Income Analysis - Results - Export Charts View the report through the View  Report  button at the top right of the results screen or click into the Report tab: The report will load on the screen: ...

This article is a continuation of  Income Analysis - Charges The system allows you to choose between three income strategies, PCLS, UFPLS or Phased Drawdown. If you select PCLS the system will take out the percentage of PCLS specified and remove...

Create Joint Income Analysis research through the Contact record. Navigate to Contacts tab: Find your client in the list or search: Scroll down to Income Analysis  and click  New: Complete New Income Analysis  details: ...

This article is a continuation of Income Analysis - Creating Research Complete the Add Goal Details screen.  In this example, we have a joint client. The details below will be used throughout the research to provide a picture of how long the...

This article is a continuation of  Income Analysis - Joint Life - Add Goal Details Complete the Charges  area: Adviser fees can be entered using either percentage or a monetary amount: Provider Product Charges  -  add either  Individ...

This article is a continuation of  Income Analysis - Joint Life - Charges The Add Plans screen is where you can include Phased Drawdown (if applicable) manage plans, which includes plan specific investment strategies, growth rates and projecte...

This article is a continuation of  Income Analysis - Joint Life - Add Plans The  Income Requirements area includes Annual Client Basic Expenses and Level or Profiled Income . If a joint client, this will be the clients combined income requ...

This article is a continuation of  Income Analysis - Joint Life - Income Requirements The Other Incomes area allows you to complete State Pension information and any other income to include in the analysis. State Pension and Other Incomes can be...

This article is a continuation of  Income Analysis - Joint Life - Other Incomes From Projection An annuity quote will automatically generate for both clients when clicking into the Annuity tab. This is an Indicative quote based on the proje...

This article is a continuation of  Income Analysis - Joint Life - Annuity Once you have completed the Annuity area, Continue to Next Step: The Results screen will load, showing a combined Income Value Graph for both clients. The graph a...

Advanced Options function the same for both single and joint clients. When doing joint research, you will be able to tweak details of both clients, including all details of the income analysis scenario. For more information about Advanced ...