dela.dzadey's avatar
dela.dzadey
Icon for Advisely Board rankAdvisely Board
12 months ago

AMA: We’re Dela Dzadey and Lana Graham, paraplanning and Xtools experts, Ask Us Anything!

Got a burning question? Join us here on Wednesday 22nd May from 2pm to 2:30pm. For those who don’t know us, I’m Dela Dzadey, director and advice manager at TNT Group, helping bridge the efficiency ...
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sarah.schultz's avatar
sarah.schultz
Visiting Enthusiast
12 months ago

Cashflow deficits - will there be functionality to draw cashflow deficits from an investment bond?  Perhaps like we can do with super, being after preservation age or tax free age, with the bond being able to elect to draw before or after the 10 year withdrawal period.

Small thing, however, when we have pension tables come through into the advice document, it includes the ICR for each fund.  Is it possible to have this come through for super accounts?

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

    Hi sarah.schultz,

    I had a feeling users would ask to draw a deficit from investment bonds! Unfortunately we had to draw the line somewhere and  move onto other important work. We’ll be doing some work to improve Asset, Liability and Cashflow modelling later this year and into 2025 and Investment Bonds will be high on the list when we get to improving Cashflow. We’ll keep the age and 10 year options in mind.

    Regarding the ICR/Pension tables. Is the ICR information for Super being drawn from Xtools+ or Wealthsolver? I think this may be something for our Wealthsolver team.

    • sarah.schultz's avatar
      sarah.schultz
      Visiting Enthusiast
      12 months ago

      I will keep an eye out on future changes to cashflow relating to bonds.  Hopefully it is something that can be brought in as I do use a lot of bonds.

      For the ICR's, I enter these in XTools+ so when comparing super / pension projections, it will show a difference from current to proposed even if the risk profiles and contributions remain the same.  When exporting the tables into Word, the pension tables show the ICR entered into XTools+ however the super tables don't.

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

        Oh sarah.schultz , now I see what you mean! 

        vs 

        That looks like an easy win! Lemme see what we can make happen :) ! 

         

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