General Investment Account - Ongoing Tax Comparison Tool

For financial advisers only

This financial planning calculator compares retaining an existing General Investment Account (GIA) with closing the account and re-investing the proceeds in a Collective Investment (onshore) Bond with Quilter Life & Pensions.

In order to populate the inputs into the tool you need to have completed a personalised illustration for each of these products. This will enable you to enter a realistic investment return, net of charges into the tool.

You will, in addition to expected rates of return, be asked to confirm the current value of the existing GIA and the current unrealised capital gain along with the level of withdrawals the client might require, and the current rate of income tax paid by your client. The tool will then compare the net returns of each product over the next 10 years.

The tool does not provide a personalised illustration for your client but does demonstrate the potential net returns (after charges and tax) achievable on each, taking into account whether the individual is a basic, higher or additional rate taxpayer.

Any outputs from the calculator should not be taken as offering advice or any recommendation. You should be satisfied that the information contained in the tool is correct, before acting or refraining from acting in reliance upon information given.

Every care has been taken as to its accuracy, but it must be appreciated that neither Quilter nor its representatives can accept any responsibility for loss, however caused, suffered by any person who has acted or refrained from acting as a result of material contained in this calculator.