Popular Frequently Asked Questions

See all of our FAQ help points

What are 'Total Net Assets'

Total Net Assets in the Lifeplan Charts and in the Snapshot means 'All of your assets less any debts'.

Why do I need to make an allowance for Capital Gains Tax (CGT) on the sale of some assets e.g. home

Capital Gains Tax (CGT) could be a significant tax liability on the sale or disposal of an asset so we provide the facility for you to model such a liability in your LifePlan. However, the application of CGT is complex so we ask you to input a notional rate of CGT  based on the sale value of the asset. If you know the approximate CGT liability on the future sale of a specific asset you can select the most appropriate rate using the slider.

Where do I enter details about my bank savings accounts

Enter these details as a Personal Investment in the Assets and Investments section.

What does LifePlan mean by inflation?

This is how much you estimate or expect the cost of living to increase by each year. You can use a Government index e.g. Consumer Price Index or you can choose your own value.  LifePlan will show you the future values of your assets and incomes after the effect of the general inflation rate you have selected. This will help you assess future values in today’s terms.

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.