lana.graham's avatar
lana.graham
Icon for Iress Contributor rankIress Contributor
6 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
eliana.gonzalez's avatar
eliana.gonzalez
Valued Supporter
6 months ago

lana.grahamHi Lana, could you assist with modeling the following scenarios?

*Home Care packages and fees.

*Partial rollover from the individual's super to an SMSF - I understand that a partial rollover can only be modelled from an SMSF to the individual's super.

*Withdrawal of 85% of the excess concessional contribution.

Thank you so much!

lana.graham's avatar
lana.graham
Icon for Iress Contributor rankIress Contributor
5 months ago

Hi eliana.gonzalez,

Home Care Fees
I have been wanting to automate home care calculations for a while. I will record this feedback to help build a case for that. 

For the meantime, you can work around this by modelling a scenario that has your client entering residential aged care. Go to the Aged Care Details screen to find the Income Tested Amount - you can then use this to manually calculate your client’s Home Care fees. Once you have manually calculated the Home Care fees, you can then create a new scenario and enter the Home Care Fees as an Expense.

Partial Rollovers to SMSF
As noted in my earlier answer,  this will be a lot more flexible once our Reinvented Super and Pension modelling is released. I'm so glad we could address this for you!


Withdrawal of 85% of the excess concessional contribution.
Thanks for mentioning this. It’s not currently on our roadmap, but I will note your feedback.

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