While Planworth does not currently support dedicated annuity functionality, you can still model annuity-related scenarios using existing tools within the platform.
Below are recommended workarounds depending on the situation:
Modelling Annuity Income
If your client is already receiving annuity payments or is expected to receive future payments, you can use the following options:
Misc. Taxable Inflow Toggle
Use this to model annuity income that is taxable.
Misc. Non-Taxable Inflow Toggle
Use this to model annuity income that is not subject to tax.
These toggles can be found in the Financial Insights section and will allow you to reflect the recurring cash flow from the annuity.
Modelling the Purchase of a New Annuity
If you’re proposing that a client purchase an annuity using available funds, you can illustrate the outlay using the:
Major Expense Toggle
This allows you to show a one-time withdrawal of funds in the year the annuity is purchased.
Example Use Case:
A client uses $250,000 to purchase an annuity in 2026 → use a Major Expense to reflect the $250,000 outlay.
The annuity pays $12,000 annually from 2027 to 2046 → use Misc. Taxable Inflow to model the yearly income stream.