Curtis Banks launch suite of tools to help tackle complex pension calculations

by | Jul 27, 2022

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Curtis Banks, one of the UK’s leading independent self invested pension providers, is launching an additional suite of tools and calculators to help advisers tackle complex pension calculations.

The tools and calculators are being developed in conjunction with fintech firm Dunstan Thomas, a subsidiary of the Curtis Banks Group and complement the range of tools launched earlier this year.

The first three calculators, designed to assist advisers with the complex calculations relating to the annual allowance, salary sacrifice, and profit extraction, are available to use now on the Curtis Banks website:

  • Annual allowance: this helps advisers calculate a client’s annual allowance for the year, including their carry forward allowance.
  • Salary sacrifice: this shows the effect on a client’s take-home pay if they give up part of their salary in exchange for a pension contribution.
  • Profit extraction: this helps company directors compare options for taking the gross profits out of their businesses.

These helpful calculators can be edited to account for factors such as the client’s assumed income tax rate and their location in the UK for tax purposes. Curtis Banks has also confirmed that it intends to release further tools and calculators in the coming months and has invited advisers to share ideas and feedback for future developments.

Charles Dewey, Head of Sales at Curtis Banks said: “We’re very excited to be partnering with our colleagues at Dunstan Thomas. Manual pension calculations can prove to be very complex and time intensive for advisers, and we’re pleased to be able to provide solutions by making use of the important technological resources we have 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.”

Rahul Gupta, Director, Acorn to Oaks Financial Services said: “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. We welcome the opportunity to offer Curtis Banks ideas about the types of tools that would be most helpful for us in the future.”

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