3 min read 8 Nov 21
As part of M&G plc, we’re delighted to be able to introduce a range of new financial-planning tools that can be accessed via the M&G Wealth Platform, provided by the technical experts at Prudential, starting with a suite of tools specifically to support pension-planning decisions
In developing the new-look M&G Wealth Platform, we’ve been asking advisers what they need from their chosen investment venue – and one request that came back loud and clear was more functionality to assist with client financial-planning and serving different client segments.
So we’re excited to be able to unveil over the coming months a whole range of financial-planning tools on the platform, provided by the technical experts at Prudential – starting with a powerful suite of pension planning tools.
All the tools are reviewed regularly and updated to reflect changes in tax rates and pension allowances. Results for all these tools are illustrative only but can be saved/downloaded. They can help to demonstrate to clients their different options and give them a better understanding of what’s needed to reach their goals.
Prudential endeavours to keep the tools and results provided up to date with applicable legislation and HMRC practice. However, changes may occur without notice and the tools might not be immediately updated to reflect such changes. Accordingly, the tools do not necessarily take into account all of the possible circumstances which could impact your clients, and should not be used as a substitute for your own independent analysis and advice process.
Please log in to the platform and click on the Tools hub to try them out. We'd love to know what you think. And watch out for news of more tools on the platform soon.
Peter is a higher earner. He has received a £60,000 bonus from his employer and wants to pay this into his personal pension scheme. However, he is unsure if he is allowed to, as it is more than the £40,000 Annual Allowance. Peter has previously breached his Annual Allowance limits for pension contributions before and used carry forward to avoid any annual allowance tax charges and wants to know if he can do this again. Peter’s employer also pays into his company DC scheme.
By using our Annual Allowance calculator, his adviser can see:
Using this information, his adviser can then discuss the most appropriate contribution strategy.
The information contained in this page is for professional Financial Adviser use only. If you are a private investor, please visit the Private Investor section or contact your Financial Adviser for more information.