COMING SOON
This article is a work in progress and therefore subject to change.
Following feedback we have made changes to the 'Reduced by Mandatory expenses' toggle.
Up to December 2026 only the following were included and affected by turning the toggle off or on.
- Reoccurring Debt/ Mortgage Payments (repayments and interest only payment)
- Ongoing adviser fees
- Insurance Premiums
Reoccurring mandatory expenses are always shown in the expenses tab in Year View of the insight, but may or may not be included in the result figure depending on the toggle.
If Mandatory Expenses is toggled ON the result is net of these expenses above.
If Mandatory Expenses is toggled OFF these expenses are assumed to be part of the retirement spending figure.
For example, mortgage payments would be part of the result, so for example, some of a £40,000 per year result would be to cover mortgage payments.
This allows you to choose whether you want to illustrate the client's total spending capacity or the amount
available for discretionary retirement spending after recurring mandatory expenses have been met.
From December 2026, it is now possible to include additional expenses in the Retirement Spending Insight
The feature to enable this is found in Expenses, where you are able to toggle on the Mandatory option.
Once switched on in at the individual expense level the expense is included in the Reduce by mandatory expenses toggle in the Insight.
If Mandatory Expenses is toggled ON the result is net of the mandatory expense(s).
If Mandatory Expenses is toggled OFF the expense(s) are assumed to be part of the retirement spending figure.
Note: once mandatory is switch on, the usual priority of Basic/Leisure/Luxury is overridden.