You've been asking for greater visibility of the potential CGT impact of investment decisions, and we're pleased to share that it's here.
Our new Capital Gains Tax (CGT) Modelling tool is now available for clients with a General Investment Account (GIA), helping you understand the potential CGT impact before making changes.
Whether you're planning a withdrawal or reviewing a client's investment approach, you can model scenarios in advance and have more informed conversations about the options available.
Where to find it
Finding the CGT Modelling tool is simple. Once logged into the platform search for the client, select Tools, then scroll to the bottom of the menu and choose CGT Tools.
What you can model
You can model one scenario at a time for each GIA portfolio:
Withdrawals
See the potential CGT impact of a withdrawal before it's made. Available for portfolios invested in: DFM solutions, AMP solutions, or Self-Select Models (MFS2).
Solution or risk grade changes
Thinking about changing a client's solution or risk grade? You can model the potential CGT impact before making any changes, giving you a clearer picture of the tax implications and helping you explore alternatives with confidence.
See it in action
Watch our short demo video to see the withdrawal scenario in action.
Built to support better planning
The CGT Modelling tool gives you greater visibility of potential tax consequences of investment decisions, helping you explore options and support better client outcomes.
You can also:
Export results using the copy function, making it easy to move modelled scenario data into Excel
Download reports, including individual scenario reports and client-friendly summary reports
Here's what early users of the tool are saying:
I tried out the Capital Gain Tax tool today and it is so easy to follow, even I managed it! It’s going to be a great tool going forward.
Sarah Comboy
Client Manager, CRS Consultants Ltd
Get started
The tool is available on the platform now, alongside a comprehensive adviser guide and supporting knowledge articles to help you get the most from the functionality.
If you'd like a walkthrough from the team or want to see more detailed examples, please get in touch.
This article is for financial professionals only. Any information contained within is of a general nature and should not be construed as a form of personal recommendation or financial advice. Nor is the information to be considered an offer or solicitation to deal in any financial instrument or to engage in any investment service or activity. Parmenion accepts no duty of care or liability for loss arising from any person acting, or refraining from acting, as a result of any information contained within this article. All investment carries risk. The value of investments, and the income from them, can go down as well as up and investors may get back less than they put in. Past performance is not a reliable indicator of future returns.
