XPLAN Version Enhancements: October 2021 (Version 21.10.192)
XPLAN Version Enhancements: October 2021 (Version 21.10.192)
Client Focus
Client Dashboard Performance Improvement
Improvements have been made to the performance of the user Xport when extracting data from the Time Taken Ticker. The Xport will now run more efficiently when generated against the whole user base.
Risk Researcher
Product filtering based on feature requirements saved at a user level will now only be applied where the user has selected to have Feature Requirements be a part of Premium Modelling.
Xtools+
CALM: Easier Personal Concessional Contributions at Account Based Pension Rollover
It’s now easier to model a Personal Concessional Contribution just before rolling over superannuation to an Account Based Pension.
There's no longer a need to enter a Key Date, so you won't have to manually combine any projection periods.
There's also no need to navigate to the Accumulation account display screen, because you can enter the Personal Concessional Contribution along with the Account Based Pension Rollover.
The contributions tax is automatically deducted before the Account Based Pension starts.
This feature is also available when you model a Self Managed Super Fund. We assume the SMSF pays the contributions tax to the ATO up front, so you can model the entire member accumulation phase balance being transferred to an account based pension, without having to tidy up any accumulation phase earnings.
Watch the video on this page to see how it works, and to see it used along with a Re-contribution strategy CALM Xtools+ Easier Account Based Pensions (and Recont Strategy Revisited)
CALM: Ist July Balance for Account Based Pensions
You can now enter the 1 July balance for an existing Account Based Pension when you start a projection part-way through the financial year. The 1 July balance is then used to calculate the Minimum and Maximum payments for the first financial year of the projection and to calculate the Total Superannuation Balance. This option is available for Account Based Pensions held Individually (whether they are TTR, Retirement Phase or TAPs) as well as in an SMSF. To see it in action, watch the video on this page CALM Xtools+ Easier Account Based Pensions (and Recont Strategy Revisited)
XPLAN Fixes
Portfolios |
Xplan classic screens run successfully without generating a stack trace error (eg : Cash and Accounts, Portfolio Positions Screen) |
The Account drop down list in the Xplan Disclosure Fee element has been enhanced to remove the View All option so that the user will not encounter stack trace error when accessing pages with these Xplan elements. |
The issue with the "Exclude holdings from report categories" feature in the Holding Details screen is now resolved. The Exclude from various report categories options in the Holding Details\Exclusions tab are now visible and available for selection. |
Xtools+ |
Investments and Liquid Assets were not being imported from Client Focus. CALM now imports Investments and Liquid Assets from Client Focus by default, so if you wish to import them from IPS, you will need to navigate to Input > Options and > Other Options and set the Import Location to IPS. |
SAPTO calculations for a single Senior were being calculated with the incorrect threshold. This has now been rectified. |
When a spouse's unused SAPTO is transferred, the Adjusted Rebate Threshold is now calculated using a Rebate Reduction Threshold of $37,000. Previously the second Income Tax Threshold (now $45,000), was being used. |
The Surrender Value of an Annuity is now included at Individual > Display > Assets > Total - Detail. Previously this page did not include Annuity Surrender Values. |
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