Popular Frequently Asked Questions

See all of our FAQ help points

Where do I enter the income tax deducted from my income.

LifePlan automatically calculates your income tax and shows your net income in the Income Breakdown chart.

What does LifePlan mean by Final Salary pension?

A Final Salary pension plan is an Occupational Pension Scheme (or replacement Buy Out Plan) that currently or in the future will provide you with a guaranteed level of annual pension.

The whole of my SIPP is invested in equities so I dont know how long it will last?

LifePlan shows you in the ‘my capital’ chart how long your SIPP will last based on the estimated rate of growth and the level of income that you have selected. You can change these factors at any time and LifePlan will immediately re-calculate any new expiry date.

Under ISAs why does it show separate rates for growth and income?

Some stocks and shares ISAs are designed to distribute income and if you choose not to take the income it is reinvested back into the ISA. The ISA may, therefore, increase in value by the reinvested income and by any increase in the valuation of the share/stock holdings that make up the ISA.

Why doesn't LifePlan calculate Capital Gains Tax (CGT)?

LifePlan cannot accurately calculate any future Capital Gains Tax liability as we do not request the purchase price or purchase date of any asset and we cannot calculate any relief that you may be entitled to in a year when an asset is sold.