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deladz's avatar
deladz
Icon for Advisely Board rankAdvisely Board
2 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 gaps in advice production for advisers and paraplanners. Lana_Graham is the Xtools product manager and resident expert at Iress, and we’ll be hanging out here to answer any questions you have. In the meantime, you can start popping your questions below and Ask Us Anything! 

Update: This AMA has now ended but please continue to pop your questions down below or in the discussion forums and make sure you tag me at deladz or Lana_Graham 

 

advice production
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  • JA's avatar
    JA
    Curious Observer
    2 months ago

    If I wish to establish a minimum pension payment for a client, with the deficit cash flow initially being allocated solely to him for the first 10 years, after the10 years, all Deficit cashflow will be allocated to him and his partner pension payments 50% each. how to do it on projection cashflow?  

    • JA's avatar
      JA
      Curious Observer
      2 months ago

      sorry, I am talking about the pension payments from Account Based Pensions, not age pension for Deficit cashflow allocation

       

  • Lana_Graham's avatar
    Lana_Graham
    Icon for Iress Contributor rankIress Contributor
    2 months ago

    Hi JA ,

    At the moment the Deficit settings for pensions can only be set in one stage, so I'd model it using the Expend payment option for the pensions. 

    1. For the first 10 years, set the client's payment to expend and the partner's payment to minimum.
    2. After 10 years, set both the client and partner payments to expend. 

    Here is an example of the partner inputs below - however I set it to change after 5 years (when there is a pension balance > $0).