i4C launches lifetime allowance

18 February 2020

i4C launches lifetime allowance (LTA) functionality

Cashflow planning software provider i4C is delighted to announce that its market leading lifetime allowance (LTA) functionality was launched on 10th February 2020.

Although likely to receive an inflationary increase in April, the LTA has reduced from £1.8m since the 2011/12 tax year to its current rate of £1,055,000. As pension funds continue to grow, more and more clients are set to be impacted by lifetime allowance charges in the future.

It is critical that a cashflow application can automatically calculate these charges and incorporate them into a client’s financial plan. LTA rules still prove to be some of the most complex faced by financial planners today and i4C’s latest enhancement caters for the full range of these, including:

• All types of LTA protection
• PCLS protection (impact of Enhanced or Primary, scheme specific)
• The ability to proportion LTA charges upon death across all pensions
• Adjustable crystallisation order

The new LTA functionality will save financial planners time, whilst the suite of graphs and outputs will help engage clients in LTA discussions.

Mark Harman (i4C MD) said:

 “It is essential that cashflow modelling software allows users to manage all of their clients on a single system. This update makes it significantly easier for our users to plan for clients with LTA consideration whilst staying true to our goal of being extremely easy to use for the simplest of clients.”

-Ends-

Contact – i4C
John Calvert-Jones
01225 839411
johncj@i4C.technology

About i4C Technology
i4C Technology is a leading UK-based cashflow planning provider that enables the creation of simple or complex personal cashflow plans. Using i4C, financial planners convey the quality and value of their advice in an engaging and informative way. Feature-rich and easy to use, the i4C technology enables planners to discuss and clearly demonstrate complex scenarios with clients, adapting to changes and events with clarity and confidence. i4C helps drive profitable relationships and increase client engagement while supporting resilient compliance and advice processes. Located in Bath, i4C Technology is made up of an experienced team of financial services experts and highly skilled technologists, all with a track record of taking innovative wealthtec and fintech products to market.

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