This article is a continuation of Income Analysis - Creating Research
Complete the Add Goal Details screen. These details will be used throughout the research to provide a picture of how long the fund will last against a given income requirement:
Drawdown Start – This information can be either an age or a date that you would like the drawdown plan to start.
Forecast Life Expectancy – This figure is pre calculated utilising ONS statistics, it is determined from the clients DOB and gender. If required this figure can be overridden.
Annual Fund Growth Rate - Assumed growth rate. This rate will be used to establish how long the pension fund will last over the given term.
Scottish Tax Rules – This option allows you to toggle whether the system uses Scottish Tax rules or not. This determines which tax bandings are applied within the calculations.
Once complete, Continue to Next Step:
For further information on Income Analysis research, see article Income Analysis - Charges