Q. Does the software calculate periodic charges on a trust asset?

A. No, Voyant will not calculate the periodic charges but you can set them up manually in the plan by creating an expense at each of the intervals it would be payable and you can estimate the tax bill at the time, the assets chart might help you because this will project the value of the trust forward so that you can establish the tax payable.

Note that any expense will be met in the first instance by income in the plan and other assets, you cannot specify a trust as a source to meet an expense in the plan. If you want the expense to come from the trust exclusively then you can set a planned withdrawal from the trust to meet this expense.

To do this go to the Plus Button and select Planned Withdrawal from the Plan Actions, note in the example below the event is selected as "Periodic Charge 1" and the amount of the tax charge is input as fixed without inflation, this will ensure that a sum to meet the exact expense is withdrawn from the trust.

Now by setting the planned withdrawal as not recurring, the software will ensure no further withdrawals are made from the trust.

You should now have successfully entered a planned withdrawal to match the amount required for the periodic charge and you have also ensured no further withdrawals will be made from the trust. You will now need to repeat this process for any other more periodic charges later on in the plan.