Axa adds online calculator for A-Day preparation

The new tool indicates calculations side by side for all three-protection options, namely enhanced, primary and no protection. Axa says, in many cases, IFAs might believe the larger a client's pension pot, the clearer the need to protect their entitlement will be, however, in some cases by not protecting the pot, an individual may end up with a significantly larger retirement lump sum upfront. The firm provides an example of an individual with a £4.75m pension pot and £575,000 tax free cash sum, who is due to retire at age 60 in July 2008. If the client opts for no protection, they coul...