Capabilities of the aixigo Cashflow Planner UK

The aixigo Cashflow Planner has extensive functionalities to enable you to help your customers to plan their future cash flow at the best. Especially the presentation of the content, which is reduced to the relevant information, ensures a great service experience. But also for the adviser, all functionalities are designed in such a way that they can be used intuitively. 

Graphic Display of Simulation Results

  • Holistic, easy-to-understand graphical representation of the cashflow simulation results, both for use during advice and in reporting
  • Interactive application providing comprehensive background information and details
  • Depiction of income calculation as well as net asset value over the simulation period including optional breakdown on position-level

Income

  • Comprehensive aggregation of all gross income from various sources
  • Consideration of both essential and discretionary income (e.g. being able to sell assets in a tax-optimised manner to achieve the desired income)
  • Estimation of income tax and national insurance payments for every year of the simulation
  • Consideration of all different tax bands in the UK, Wales or Scotland
  • Adjustment of the different income positions based on individual growth rates including inflation
  • Basis for What-if Scenarios

Pension

  • Pension simulation for the estimation of pension values and expected payouts, affecting both the income simulation in retirement as well as the customer’s net value
  • Differentiated consideration of defined contribution (DC) and defined benefit (DB) pension schemes
  • Individual selection of pension growth rates including inflation caps
  • Comprehensive tax estimation based on the respective pension owner’s lifetime allowance
  • Handling of pension rights in case of death

Assets and Investments

  • Simulation of all investments, cash accounts as well as property
  • Support of standard investment wrappers (ISAs, Unit trusts, Profit bonds, etc.)
  • The core of asset estimation is to invest surplus liquidity or withdraw required liquidity in case of a shortfall
  • Consideration of regular savings and withdrawals, yield, required or surplus liquidity and capital gains tax
  • Annual adjustment of the value based on the position-specific growth rate, inflation and an annual investment fee
  • Based on the investment type and the corresponding maintenance data different tax rates are applied

Loans and Liabilites

  • Ensure the holistic view of the customers net asset value
  • While mortgages can generally be linked to a corresponding property, in the cashflow simulation both are treated separately

Protection

  • Integration of insurance against financial insolvency in case of a sudden and unexpected death as important part of future planning
  • Provides the integration of protections both for a two-customer scenario with reinvestment of the cover amount as well as for including a lump sum into the estate or providing a trust investment upon death

Estate & Inheritance Tax

  • Comprehensive consideration of all final position values: investments, cash accounts and property, deduction of loans and liabilities etc.
  • Calculation of inheritance tax for individuals and married couples
  • Estimation of the estate for inheritance including protection cover amount payments
  • Protection plans, insurance tax charges and estate estimation in cases of both death within and at the end of the simulation time period

Investment & Reallocation Rules

  • As a connection between the different sections and positions of the cashflow tool, the set of investment and reallocation rules defines the order in which cash is distributed
  • A synthetic liquidity pool serves as a buffer between the different positions
  • All excess or required cash is either put into or taken out of positions according to investment and liquidation orders

What-if Scenarios

  • As a connection between the different sections and positions of the cashflow tool, the set of investment and reallocation rules defines the order in which cash is distributed
  • A synthetic liquidity pool serves as a buffer between the different positions
  • All excess or required cash is either put into or taken out of positions according to investment and liquidation orders

Pension Transfer

  • Provides comprehensive and detailed options to simulate a pension transfer
  • Existing personal pensions may be transferred, while the targets reach from all existing
  • pensions as well as new pensions to all existing investment and cash account positions

Income Drop

  • Drops in income from employment may be applied to simulate e.g. a temporary cutback in hours due to self-selected or external influences

Early Death

  • Simulation of financial requirements and sustainability in case of an earlier death than expected

Market Crash

  • Simulation of all investments, cash accounts as well as property
  • Support of standard investment wrappers (ISAs, Unit trusts, Profit bonds, etc.)
  • The core of asset estimation is to invest surplus liquidity or withdraw required liquidity in case of a shortfall
  • Consideration of regular savings and withdrawals, yield, required or surplus liquidity and capital gains tax
  • Annual adjustment of the value based on the position-specific growth rate, inflation and an annual investment fee
  • Based on the investment type and the corresponding maintenance data different tax rates are applied

Individual Cashflow Events

  • Additional individual inflows and outflows may be added
  • Inclusion of one-time or regular individual cashflow events possible

Regulatory Compliance with FCA Guidelines

  • Calculation of all simulation results in real terms, taking all infl ation eff ects into account
  • Setting of infl ation and growth rates in maintenance data set possible in order to ensure realistic and/or conservative estimation results
  • Stochastic cashflow modeling options of possible financial outcomes available (e.g. Monte Carlo)
  • Easy export of relevant assumptions and data for income, asset, tax and further calculations to ensure regulatory compliance

Upcoming Webinar: WealthTech Talks

In cooperation with TWM, we invite you to join our webinar with focus on cashflow planning software on november 13th.
 

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Thought Paper Future Cashflow Planning

Discover how you can increase your sales by using cashflow planning software, improve your efficiency and how you sustainably gain new services.

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8 Benefits of aixigo's Cashflow Planner

Discover the increased value for you, as a financial service provider, by making use of our cashflow planning software.
 

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