Popular Frequently Asked Questions

See all of our FAQ help points

Where do I enter details about my bank deposit accounts

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

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.

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.

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.

Where will I find the annual National Insurance Contributions (NIC) deducted from my annual pay.

You can get this from your P60 or from your employer. Alternatively, you can estimate the annual figure by taking the NIC from one of your payslips and multiplying this  by 12.