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 dela.dzadey or lana.graham

Any tips on reducing the load time when navigating between Scenarios, or even pages within an XTools scenario? This can sometimes take up to 5 seconds or longer to load a new page, which over time working on a plan can drain on productivity.

lana.graham, we have been experiencing issues with funds allocating to the working cash account (WCA) automatically and there is no way we can delete this rather than a workaround provided by Xtools to Enter a negative WCA balance and a Post tax income to offset the overallocation and balance the cashflow which is just not ideal. I have spoken to two of your team members and they have provided a workaround to allocate funds to a cash account, which works but just not what we would want as it just adds to our work. Will this issue be fixed anytime soon as it is affecting our work significantly?

Thanks Alex, great question! There are definitely some 'complex' areas of advice that we paraplanners so more frequently than advisers, so they do lean on us to have that expertise. We are however, finding that the increase in demand for paraplanning services is across all complexities and even review documents. Most advisers i speak to feel that their time is being drained by many areas that aren't client facing (administration, research, ongoing services, compliance). They want to have a trusted partner that can handle the bulk of this for them, while they can focus on seeing clients. Experienced paraplanners give the advisers confidence that strategy discussions and research of products can be done in a time efficient and compliant manner. That then frees up the adviser's time to see more clients - leading to more advice and work for the paraplanners too!

Welcome everyone to an Advisely Ask Me Anything (AMA) thread! Here's how to get involved: Submit Your Questions: Just type them out and post now ahead of the AMA! This is a text-based event, so no audio or video needed. Whatever advice production and Xplan questions you have, either dela.dzadey or lana.graham will be here to answer during the scheduled time. Be Respectful: Keep it friendly and professional. Respectful dialogue makes the AMA enjoyable and informative for everyone. 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. Enjoy the Experience: Use this opportunity to gain insights, share laughs, and connect. Let’s make this AMA one to remember! An exclusive badge is also available for participation in the AMA! Looking forward to all your amazing questions and let the asking begin! EDIT: Don't forget to refresh the page for new questions and answers!

Hope that I'm not too late:1, a couple, husband and wife with a larger age gap, they both are eligible to receive age pension. By the time the wife at her 80, husband already over 95 but age pension still last forever. Do we have a plan to choose age pension up to life expectancy instead of forever? 2) when I model a lifetime guarantee annuity, the payment is only paid up to the guarantee period e.g. challenger guarantee for 16 years and the payment continues only up to 16 years instead of lifetime, am I correct to say that the projection only last until life expectancy, can it be longer (e.g. longest expectancy)? I know other area in xplan is not part of the discussion here, but can you please pass on, the balance we enter in superannuation plan, can the preserved amount (instead of amount) also allow to % (as most of the time it would be 100% preserved).

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

deepika.deepika
Curious Observer
2 months ago
Hi lana.graham , i have a question for company projections in xtools +. What is the best way to show these? from company financials. Is there any tutorial how we go about it?
- anthony.derriscott
  Iress Team
  2 months ago
  Hi deepika.deepika ,
  
  You can set up a Company in Xtools+ by:
  
  going to Input > Basic Details and the Entities section, where you can model up to 3 Company entities.
  
  For each Company entity you will need to navigate to the Input > Company screens to enter the company details (if you have access to Iress Learning Centre then see pages 64 to 67 of this guide).
  
  With the Company set up you can then complete your modelling as required.
  
  To view projected information, simply navigate to the Display > Company screens eg. Consolidated or Taxation etc. (see pages 104 to 108 of the guide). Each of these screens allow you to download a PDF version of the information you are seeing on screen through the PDF button that is in the top right of the screen.
  
  Should you need to have any of the information on screen formatted in a certain way or into a report, then you would need to create an Xmerge document (a coded document) that could then extract whichever of the projected fields you wish, to create the document as you require.
  
  If you have access to the Iress Learning Centre, then this eLearning course will take you through how to model a Company entity using Xtools+, and this coding guide gives an introduction to using Xmerge coding.
- rainier.reyes
  Advisely Team
  2 months ago
  Thanks for your question deepika.deepika !
  
  I worry your post might not be easily visible to the rest of the community as this is an old AMA thread. Would you mind posting it again as a new thread here?
  
  All you need to press is 'Start a Discussion' at the top of the page. Let me know if you need assistance!
Asini.Pathirage69456
Visiting Enthusiast
2 months ago
Hi lana.graham ,

Can I please know how we can model a negatively geared investment property to see the effect on tax on Xtools+.
- anthony.derriscott
  Iress Team
  2 months ago
  Hi Asini.Pathirage69456
  
  I can jump in here and thanks for your question!
  
  Within Xtools+ you navigate to:
  
  Input > Individual > Assets > Property and add the property and enter the relevant details in the 3 tabs (Property Details & Acquisition / Growth, Rent and Expenses / Property Disposal).
  
  Then navigate to Input > Individual > Liabilities > Loan Details and add the loan, ensuring you enter the loan details in the other pages too, eg. Rates and Fees / Repayments / Drawdowns / Associate.
  
  Within the Display pages, you will then be able to view the cashflow and tax projections.
  
  More details on entering property information can be found in the following Iress Community article: CALM Xtools+ Property 'Remodelling'
  
  I hope this helps!
  - Asini.Pathirage69456
    Visiting Enthusiast
    2 months ago
    Thanks Anthony,
    
    So I have added screenshots below, I dont see the tax deduction on the loss coming through.
JA
Curious Observer
6 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
  Curious Observer
  6 months ago
  sorry, I am talking about the pension payments from Account Based Pensions, not age pension for Deficit cashflow allocation
lana.graham
Iress Contributor
6 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.

For the first 10 years, set the client's payment to expend and the partner's payment to minimum.

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).

Forum Discussion

AMA: We’re Dela Dzadey and Lana Graham, paraplanning and Xtools experts, 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 dela.dzadey or lana.graham

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