Curtis Banks has launched a suite of tools and calculators to help advisers with complex pension calculations relating to annual allowance, salary sacrifice and profit extraction.
The tools and calculators are being developed with fintech firm Dunstan Thomas, a subsidiary of the Curtis Banks Group, and complement a range of tools launched earlier this year.
Three of the calculators are now available to use on the Curtis Banks website and all can be edited to take account for factors such as the client’s assumed income tax rate and their location in the UK for tax purposes.
One of the calculators helps advisers work out a client’s annual allowance for the year, including their carry forward allowance, while the salary sacrifice calculator shows the effect on a client’s take-home pay if they give up part of their salary in exchange for a pension contribution.
In addition the profit extraction calculator helps company directors compare options for taking the gross profits out of their businesses.
Curtis Bank’s head of sales, Charles Dewey said he was “pleased to be able to provide solutions by making use of the important technological resources within the Curtis Banks Group.”
“The efficiency of these calculators should be immensely beneficial to advisers, and we look forward to working closely with them to develop and enhance our range of tools going forward,” he added.
Curtis Banks also confirmed it intends to release further tools and calculators in the coming months and has invited advisers to share ideas and feedback for future developments.
Acorn to Oaks Financial Services director, Rahul Gupta said he welcomed the opportunity to offer Curtis Banks ideas about the types of tools that would be most helpful for advisers.
“Completing pension calculations can be complex and time consuming, so tools that can help streamline things are always welcome. Having calculators where the inputs can be quickly and easily amended help us to efficiently compare different scenarios and find the best solutions for our clients,” he said.
jane.matthews@ft.com
