Introducing the brand-new Cashflow Modeller (Gross) for BETA users

We are delighted to announce that CashCalc has introduced a Cashflow Modeller which includes tax calculations, launching exclusively for BETA users. This means you can either continue to use our existing Cashflow Modeller, or use the brand-new tool to start accounting for tax rates, thresholds and much more.

Since launching in 2014, our Cashflow Modeller has created over 850,000 cashflow plans, with 50% of these being created since January 2020. So far this year alone, advisers have created on average 23,000 per month.

In itself, this indicates the versatility of our Cashflow Modeller. However, although it can be applied to many different scenarios, we appreciate there are some clients which may benefit from the inclusion of tax calculations.

We are therefore delighted to introduce the brand-new Cashflow Modeller (Gross). Although intrinsically linked to our existing Cashflow Modeller, this is a separate tool which means you now have the option of creating either net cashflow plans, or cashflow plans which account for:

Income Tax and Dividend Tax
Lifetime Allowance and Pot Crystallisation
Scottish Tax Rates
Money Purchase Annual Allowance
Loss of Personal Allowance
Marriage Allowance
Capital Gains Tax indicators
National Insurance Contributions
ISA Allowance indicators
Pension Contribution Tax Relief

*The Cashflow Modeller (Gross) does not account for Transactional Capital Gains Calculations, Inheritance Tax and Tax Wrappers as this would have added too much complexity to the tool.

As a CashCalc BETA user, we would really appreciate your initial feedback before we make the brand-new tool available for everyone later this year. Please let us know what you like, what could be improved, what you think should be added as well as any other suggestions for improvement – thank you in advance!

When developing this brand-new tool, it was vital we made it both easy to use and easy to understand. The tool therefore retains a lot of what you love about our existing Cashflow Modeller, even with the additional tax functionality.

Aside from the tax elements, the first thing you'll notice when accessing the tool is an improved look and feel. You'll also notice small enhancements throughout, such as the addition of 3 expenditure lines (essential, lifestyle, discretionary) to the ‘Money in vs Money Out’ chart.

Also, the ‘Yearly Breakdown’ tab now contains a lot more information. By selecting a particular year it will display information such as incomes, tax paid, type of tax paid, plus much more including insights into when there may be a Capital Gains Tax liability.

To find out more about the brand-new Cashflow Modeller (Gross), or if you are ready to suggest some ideas for improvement, please don’t hesitate to get in touch. We really appreciate your support and welcome your feedback prior to its wider launch later this year.

Want to become a CashCalc BETA user and get early access to new features and developments? Please get in touch and let us know.