Advice and/or tips for UK users?

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rotor
Posts: 1
Joined: Tue May 30, 2017 5:32 am

Advice and/or tips for UK users?

Post by rotor »

Hi there,

Has anyone from the UK successfully used FRP, and if so, would you share any suggestions or ideas on how to tweak it to make it as realistic as possible?

Thanks!!

cobson
Posts: 7
Joined: Fri Jul 28, 2017 5:52 am

Re: Advice and/or tips for UK users?

Post by cobson »

You can model the tax-free lump sum by setting up a Portfolio Return on the Additional Inputs screen with a start and end date of Retirement Age-1, and a rate equal to your return rate on the main screen minus the lump sum percentage, remembering to set the standard deviation to the same as the main page. E.g. if you have set a 5% return rate and want a 25% lump sum, enter -20%.

Once this is setup you can run it with this portfolio return disabled to see your pension pot size at retirement, then run it with the setting enabled to see the effect of taking the lump sum.

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