lana.graham's avatar
lana.graham
Icon for Xplan Product rankXplan Product
9 months ago

27th March AMA: I'm Lana Graham, Xtools+ expert and product manager. Ask Me Anything!

Xtools+ has helped countless advice practices work out solutions to their clients' financial problems – even for the most complex scenarios. Why not fully harness its potential and have a say in what...
advice production
xplan
dela.dzadey's avatar
dela.dzadey
Icon for Advisely Board rankAdvisely Board
9 months ago

Hi lana.graham Very excited for this AMA! We had a pretty unique & sticky situation yesterday and thought i'd ask how best to model it in Xtools without massive workarounds. The client (aged 42) was receiving a reversionary pension and taking lump sum payments. The pension minimum she was drawing of 72k was taxable but the lump sum payments were tax free. Xtools was taking it all (with 15% rebate). What would you suggest is the best way to work around this? Thank you!

  • lana.graham's avatar
    lana.graham
    Icon for Xplan Product rankXplan Product
    9 months ago

    Hi again dela.dzadey 👋, 

    It sounds like your client's husband was over 60 when he passed away, so the pension payments and withdrawals are tax free. 

    To simulate this, enter the pension with 100% tax free component.

Welcome to an AMA thread!

Here's how to get involved:

  1. Submit your questions: Type them out and post now ahead of the AMA! This is a text-based event, so no audio or video is needed. The expert will be online to answer whatever questions you have during the scheduled time.
  2. Be respectful: Keep it friendly and professional. Respectful dialogue makes the AMA enjoyable and informative for everyone.
  3. Stay engaged: Feel free to follow up or ask about different topics as the thread goes on. The more you interact, the richer the conversation.
  4. Enjoy the experience: Use this opportunity to gain insights and connect with peers and experts. Let’s make this AMA one to remember!

Looking forward to all your amazing questions and let the asking begin!

Recent AMAs