Our tax-saving planner is designed to help you explore how different tax-saving options could fit around your financial priorities. It provides guidance and illustrations, not personal financial advice. The allocator takes the budget you provide, maps your selected financial goals to the tax-saving options you have enabled, and distributes the budget according to your goal weightings while applying relevant tax-year contribution limits and accounting for existing contributions.

When you select your financial goals, you can identify one as your main goal, which receives a weighting of 70%. The remaining 30% is shared equally between your other selected goals.

• Single Goal: If you select only one goal, it receives 100% of the weighting.
• Two Goals: The main goal receives 70% and the other goal receives 30%.
• Three Goals (e.g., Retirement, Buying a Home, Children’s Future): The main goal (Retirement) receives 70%, while the other two goals receive 15% each.

The allocator uses your goal weightings as the baseline for distribution, but it also applies real-world contribution limits. If a suggested allocation to a specific option exceeds its annual contribution limit, the allocation is reduced to cap it at that limit. The amount that cannot be allocated there is then redistributed to other eligible options. This means contribution limits can change the final allocation, even though your goal priorities remain the baseline for the distribution.

When a suggested allocation hits a contribution limit, the planner caps the allocation at the available capacity. Existing contributions made during the tax year are also factored in to determine how much capacity remains under these limits. Any remaining budget that cannot be placed in a capped option is redistributed to other eligible options or left unallocated.

Some options have defined annual contribution caps that the planner strictly applies. Other options are treated as “uncapped for allocation purposes” within the planner, meaning they can continue to receive remaining budget after initial goal-based distributions are met. Note that “uncapped” only applies to the planner’s allocation logic and does not mean there are no real-world tax rules, tax considerations, or financial consequences associated with that option.

Changing your main goal shifts the allocation priorities. The newly selected main goal will receive the 70% weighting, while your other selected goals will split the remaining 30%. This allows the planner to adapt to your shifting priorities rather than assuming a single option must always take precedence.

If you have already made contributions during the current tax year, the planner uses this information to calculate how much of your budget remains and how much capacity is left under any applicable contribution limits. This helps prevent the planner from suggesting allocations that would exceed your annual limits.

No. The suggested allocation is not a recommendation to make these contributions and does not replace regulated financial advice. It is a scenario showing how your priorities could look in a tax-saving plan, and it does not fully account for factors like your need for accessible emergency funds, your risk tolerance, investment performance, fees, or future tax law changes.