Planit:Pensions and Other Revenues Screen

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The Pension and Other Revenues screen is where you’ll record any revenue streams anticipated over the course of the client’s lifetime. Take a look a the topics outlined below, which will help guide you through using the Pensions and Other Revenues screen, as well as understanding how the revenues are used for future planning.

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Pensions and Other Revenues Screen Training Order Title Description Key Points Level Generic Canada Malaysia 1 Introduction to the Pensions and Other Revenues Screen What do I enter on the Pensions and Other Revenues Screen? Purpose of the screen Overview of data entry required 1 Video Video 2 Default Revenues What are the revenues that automatically appear on the Pensions & Other Revenues screen? Government benefit assumptions Salary, tax deductions Asset disposition - personal use and holdco 1 Video 3 Add a Revenue How do I add another source of revenue for my client? What kinds of things do you add? Detailed revenue fields 1 Video 4 Defined Benefit Pension How do I properly include a defined benefit pension into my client's plan? See Pension Calculator prior Pension & Other Revenue data entry Bridge entered separately 1 Video 5 Civil Servant Pension How do I properly include a civil servant pension into my client's plan? Calculation formula Pension & Other Revenues data entry 1 Video 6 Override Default Withdrawals How do I override the withdrawals assumed by PlanPlus Planit? When it is appropriate Pensions & Other Revenue forced withdrawal data entry Tax optimization alternative 2 Video 7 Income During Retirement How do I show that my client may continue receiving some income even after retirement? Add Revenue Data entry required  % taxable 1 Video 8 Pensions & Other Revenues Graph How do I interpret the graph on the Pensions & Other Revenues screen? Graph of revenue over lifetime Comparison with goals graph 1 Video 9 Multiple Scenarios How do I compare different scenarios on my clients' financial goals? Introduction to concept and tabs Some example scenarios Current and Active tabs Make data entry changes for a scenario See results for each scenario 2 Video Retired Clients How do I enter information properly for a client that is already retired? Planning Assumptions - retire age, edit benefits to exact amount Cash Flow incomes, input or calculate for family expenses, detailed cash flow Objectives - only retirement lifestyle - edit it to be appropriate Savings - empty Modelling Assumptions - no work longer Video Takaful Policies How do I properly add a takaful policy for my Islamic client? Summary insurance fields Main entry difference b/n conventional and takaful Pensions & Other Revenues Term Takaful Payout Event-specific goal to correct for double insurance coverage C Video Active Scenario What is an active scenario? How do I change the active scenario? Where do I see the data entry for a particular scenario? Introduction to multiple scenarios Change scenario - Planning Assumptions Edit scenario Screens affected 2 Video Death Scenario What does the 'Death' tab mean on my screen? How do I use a scenario planning for the event of my client's death? Intro to multiple scenarios, immediate death Add specific savings, revenues, goals etc. Example revenue entry 2 Video Disability Scenario What does the 'Disability' tab mean on my screen? How do I use a scenario planning for the event of my client's disability? Intro to multiple scenarios, immediate disability Add specific savings, revenues, goals etc. Example revenue entry 2 Video Inheritance How do I include an expected inheritance into my client's plan? Pensions & Other Revenues detailed entry Tax rate 1 Video Sale of a Cottage How do I include the expected sale of a cottage into my client's plan? Personal Use account Asset disposition data entry Preview record in Pensions & Other Revenues 2 Video Residence Downsize How do I show the revenue coming from a client's residence downsize? Pensions & Other Revenue detailed entry Tax rate Choice edit death disability scenario 1 Video Indexation What does the Indexation field mean, and how does it affect my client's plan? Alternative to inflation Example of different index (inheritance, education costs) Future Value of revenue or expense relative to rest 1 Video Pension Calculator How do I calculate the annual amount my client will receive from his/her defined benefit pension plan? Calculator data entry Early Retirement Reduction Survivor Benefits Collecting materials C Video