Inflation/Growth Rates - Default Tax Table Assumptions - Ireland

The Default Tax Table Assumption is found in the Plan Settings screen at the bottom of the Dashboard:

To edit this assumption in the client case you are currently working in, go to the Plan Settings screen. By default the Inflation / Growth screen should open. If not, click Inflation / Growth on the left hand menu:

The Default Tax Table Assumptions can be used to edit and apply an across-the-board annual escalation to the following assumptions, relating to taxes and contribution allowances (with the default rate of escalation being set at 4%):

- Tax brackets (20% & 40% earnings thresholds)
- Standard Tax Credits - all
- Child Benefit allowance
- Age 65+ Exemption threshold
- Personal capital gains allowance
- ARF Minimum Secured Income requirement
- PRSI & USC standard rate income thresholds
- PRSI & USC exemption thresholds
- USC 'reduced rate' thresholds
- USC self-employed surcharge threshold

Tax related assumptions that are not escalated

The software does not escalate:

- Standard Fund Threshold (SFT) - €2m
- ARF minimum fund threshold - €63,500
- Money purchase contribution income limit - €115,000
- CAT thresholds

Plan Settings vs. Subscription Preferences

Changes to this setting on the mirror Inflation / Growth panel in Subscription preferences, in the AdviserGo home screen, will only be used going forward, i.e. as you create new client cases. Subscription Preferences are used as a template only for new client cases. Changes to Subscription Preferences will not retroactively affect your existing client cases.

If you want to change this preference in any existing client cases, you will need to open and edit them individually, in each case's Plan Settings.

Further reading

How to set custom preferences (plan settings) for your subscription