Suggestions

:speech_balloon:

Add an optional source account for income streams

I have funds in my ltd company accounts and would like to model withdrawing those at different rates, or at least include them in the overall plan, because they are assets I have.

I can add a custom income stream for X years, or an income or dividends, but what that misses is that it should come from a specific account, and continue only while there are funds there. I can’t compare different options unless they combine perfectly to line up with years.

The custom income stream supports marking the income as taxable both for regular income and dividends, so this feature does not require additional tax features.

How I’d like to use it:

  1. Create a company account, set future income from work to fill this for X months - currently supported
  2. Create a custom income stream. Click toggle to change from “years in effect” to “source account” - new feature
  3. Setup the tax options for income/dividends - currently supported

UX wise this could be a different option in income streams, “transfer from account” or something that has the same UI as custom income stream but without the “years in effect” option and only a source account.

7 votes

Tagged as Suggestion

Suggested 07 August 2024 by user Ian Calvert