FinCalc has launched Retirement Modeller Tool to complement the Cashflow Modeller product it launched in July 2020.
The retirement tool has been developed to help answer frequent questions asked since launch of the cashflow modeller, the firm said, such as:
- Are my clients on track for their target retirement income?
- How much investment growth do they need to meet their target?
- Do they need to make additional pension contributions?
- What would happen if there was a market crash?
- What level of income is sustainable for my clients in retirement?
The Retirement Modeller answer these questions via straightforward inputs.
It takes defined contribution funds, any pension contributions and any incomes, and will provide results on whether the client’s target income objectives are realistic and achievable.
The output offers full UK Income Tax calculations, Lifetime Allowance, and the added functionality of maximising the Personal Allowance and deferring Higher Rate Tax for all clients in the modeller.
The tool will produce a report that includes:
- Age that funds are depleted
- Annual safety margin/additional annual growth required
- Additional monthly/single contributions and the cost of delay
- Capacity to withstand a fall in value
- Sustainable income levels
It is available for all Cashflow Modeller users at no extra cost.
