“Being able to demonstrate significant tax savings to clients underlines the value of advice. That is why this has been developed in close partnership with advisers to ensure it is genuinely useful,” the head of financial planning propositions said.
Part of the Accelerate Programme, the tool supports a tax advice policy framework, enabling IFAs to provide tax-efficient retirement planning.
The toolkit includes a withdrawal optimiser offering, designed to support client reviews and help advisers put a monetary value on their tax planning recommendations.
Tracey Underwood, managing director of Nottinghamshire-based DB Wood Wealth and Risk Management, said: “The tax planning tool will create real business efficiencies for us, allowing us to spend more time in front of our clients, while providing detailed, accurate planning outcomes.”