Frequently Asked Questions

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My customer has a "pension pot". Is this capital? If not, what is it?

The value of the fund (or "pension pot") is ignored altogether as capital.

If your customer is over 60 and is entitled to draw a pension from the fund you should treat them as having an income from it, what they would get if they were to turn it into a regular income.

You can calculate the amount of this "notional income" using the table here.

In order to use that table you will need to know the current "15 year gilt yield". This is an interest rate widely used in financial calculations. You can find this in many places online, such as here.