Overview

Provisio is the new generation of financial advice software

Provisio is the first suite of financial advice tools which truly use the power of the Internet to make the process of providing and implementing financial advice easy.

We take the approach of understanding what your clients want and providing solutions which meet the needs of both you and your client.

Transition to Retirement

Provisio provides an easy-to-use means of modelling the Transition to Retirement strategy for your clients.

Compared to other Transition to Retirement "calculators", Provisio offers the following features which place it well ahead of any alternative solutions:

• Optimises the strategy for you, automatically determining both the level of pension and the amount to salary sacrifice to ensure the maximum benefit for your client
• Provide a year-by-year implementation guide, including information for any required PAYG variations.
• Creates a Statement of Advice insert using Microsoft Word
• Incorporates all the Simpler Super changes including contribution limits, proportioning of tax free benefits etc.
• Allows the modelling of a "reboot" strategy where pensions are restarted each year
• Existing levels of salary sacrifice in addition to the standard 9%
• Part-year scenarios so pensions do not need to start on July 1
• Control over most of the assumptions behind the calculations

Why Optimisation is Important

It may seem intuitive that the maximum pension would be the best outcome as it would create the largest amount of rebateable income, and therefore allow the largest salary sacrifice amount. However, drawing the maximum pension also depletes the pension account (which pays 0% tax) in order to make larger contributions into the accumulation account (which pays 15% tax). It is for this reason that for most clients there is an optimum point for this strategy somewhere between minimum and maximum.

Read more about our Transition to Retirement solution...