Need Analyser, Lump Sum - What account does the Lump Sum Need Analyser assume the lump sum is to be paid into?

Q - What account does the Lump Sum Need Analyser assume the lump sum is to be paid into?

 

A - The lump sum generated by the simulation will be paid, at least initially, into the primary client's default cash account (e.g. John's Cash).

Further information on the simulation can be found here. Read more >>

However, if you have a sweeps rule set up for the default cash account the funds might actually end up in another account (or accounts) based on that rule. Information on setting up a sweeps rule can be found here, if needed. Read more >>