Version 2.1

Release Date 03.04.2024

Enhancements

"Concessional contribution - utilising carry forward cap" strategy. A training guide on how to utilise this Strategy can be found here. (Dev Ref #IFF-637)

We have now built in the concessional contribution cap to the modelling engine (including any carry forward cap available). This will ensure that taxation on excess concessional contributions is calculated accurately. (Dev Ref #IFF-747)
To assist in the above changes, we were required to create a Taxation Amendment at the end of each Financial Year which will total Pre-tax income minus deductions and calculate the expected tax and adjust accordingly. (Dev Ref #IFF-745)
Tax Thresholds are now indexed in line with iff's stochastic model, resulting in indexation of tax thresholds throughout the projection period. (Dev Ref #IFF-802)
When a client has liquid assets, they will be sold to meet any applicable shortfall prior to the Bank Balance going in to a deficit (Dev Ref #IFF-541)
Update to the Income & Expenditure Chart to include a detailed breakdown of sources. In addition, the columns are now stacked next to each other to clearly show when the client has a shortfall (Dev Ref #IFF-756)

'The home you live in' interface has been updated to allow you to complete following (Dev Ref #IFF-251):
- Select if the client is renting
- If the client does own their property and they have a mortgage, you can now enter a repayment amount (rather than a maturity date only)

Ability to enter Fees within a Superannuation account. This will then feed through to the modelling (Dev Ref #IFF-384)
An additional field has been added to the 'Basic details' section to allow users to select the Occupation Class. This is an optional field and will be utilised with the upcoming Omnium integration (Dev Ref #IFF-803)
You can now view detailed Fact Find information without the need to unlock the scenario (Dev Ref #IFF-634)

For additional security, a client will be sent a one-time pin to be able to access the Client Portal (Dev Ref #IFF-205)

Xeppo Import
- Liabilities with subtype of 'Primary Residence Mortgage' now link to the 'Home you live in' in iff (Dev Ref #IFF-761)
- Cashflow with the sub-type of Ordinary Wages is now linked to Employment Income in iff (Dev Ref #IFF-761)
- Assets with sub-type of Current Savings is now linked to Bank Balance in iff (Dev Ref #IFF-761)
- Assets with sub-type of Cash on Hand is now linked to Bank Balance in iff (Dev Ref #IFF-761)

Superannuation Balance shown on screen within the 're-balance' strategy only showed the Tax Paid component (Dev Ref #IFF-654)
Surplus Cashflow was not annualised when selected (Dev Ref #IFF-717)

Include 'Due Date' in the non monetary goals in the advisor portal (Dev Ref #IFF-149)
Within Goals, if you selected 'Down-payment', you weren't able to save the goal without entering a down payment (Dev Ref #IFF-750)

Xeppo Import
- If the client had multiple Superannuation Accounts, you were unable to edit the second account that was imported (Dev Ref #IFF-773)
- Street Number was not imported (Dev Ref #IFF-741)
- Lifestyle Assets were linked so if you deleted one asset, it would delete all (Dev Ref #IFF-751)
- Unable to delete additional Liabilities once imported to iff (Dev Ref #IFF-755)

Grammar within the Pay off home mortgage Goal in Client Journey has been updated to provide clarity to the client as to what information is required (Dev Ref #IFF-725)