Liquid assets are normally used only when needed to supplement income in the cash flow

Using Liquid Assets to Supplement Income in the Cash Flow

Voyant will work out most of the future cash flow for you, if you let it. If annual income doesn’t fully meet planned expenses, the software will automatically top-up income from liquid assets in order to prevent potential shortfalls in the cash flow, provided you place no withdrawal limits on these accounts.

Liquid assets include:

- Cash accounts (savings and current accounts),

- Cash and Stock Market ISAs,

- Unwrapped investments,

- Offshore taxable accounts,

- Onshore and Offshore Life Funds.


Even tangible assets (entered on the Property/Assets screen) could be set to be liquidated automatically if needed to prevent future shortfalls, provided that the property is not one’s primary residence. We don;t generally recommend doing this as selling a property would usually need to be an informed decision requiring actual planning, but to make a property/asset available for ad hoc liquidation, you must set its Advanced Settings > Liquidation setting to “When Needed”.

Ad hoc withdrawals can also be made from child trusts in order to fulfil expenses, provided that the child is the owner or a co-owner of the expense and is at least 18 or older when the expense is incurred.

Other types of accounts have special rules or tax treatments are therefore never subject to ad hoc withdrawals.


Ad hoc withdrawals are never taken from:

- Drawdown Pensions (except for when drawdown income is set to be taken “as needed”),

- Trusts (other than Child Trusts and only in certain circumstances, see above),

-  Enterprise Investment Schemes (EISs),

-  Venture Capital Trusts (VCTs),

-  Discounted Gift Trusts (DGTs).


To draw funds from these accounts, you must set a planned withdrawal, which in the software we call a draw down strategy


How to Distinguish Ad Hoc from Planned Withdrawals in the Cash Flow Chart

As you examine the Cash Flow chart in its detailed view (by ticking the Detailed checkbox near the bottom of the screen), ad hoc withdrawals can be easily distinguished from scheduled withdrawals by their colour coding. Planned withdrawals are shown in pink whereas any ad hoc withdrawals taken by the software to help fulfil expenses are shown in gold.


Tip: In many client cases you may notice that in the later years of the cash flow, after retirement, as your client becomes more reliant on assets rather than income to meet expenses, withdrawals from savings and investments conveniently meet the top of the black need line. The need line represents your client’s total annual taxes, expenditure, and any planned savings and investments are being met successfully in that year of the plan. These gold inflows are ad hoc withdrawals taken from liquid assets as the software automatically tops up income to work out the annual cash flow.

Planned future transfers between accounts are also displayed in gold but they will be positioned above the black need line. Unplanned tax charges on pensions (i.e. lifetime allowance overage charges) will also have the same colour coding and positioning on the charts, above the need line.


The chart will show all withdrawals and transfers from accounts with the exception of tax deductions at source on savings and unwrapped investments. These deductions are not shown in the charts but can be viewed on the Investments tab of the chart’s Detailed Info panel. 

Further details about withdrawals can be viewed by clicking any bar/year of the chart. The chart legend will display. Click the Detailed Info link at the bottom of the legend to display the chart details panel. Withdrawals and any withdrawal limits placed on accounts can be seen on the Investments and Pensions tabs, in the Withdrawals column.