Overview
What does Capitalise do?
Capitalise is a specialist cloud-based tool designed to calculate bespoke Duxbury calculations tailored to your client's circumstances.
With Capitalise, you can carry out conventional calculations where you work from an income required to a capital sum, or a reverse calculation whereby you work from a capital sum to establish a required income.
Income, capital and pension receipts are all taken into account in the calculation to provide an accurate guideline calculation.
A fully formatted report displaying your calculation result and a year-by-year breakdown can be downloaded as an excel or PDF document to support your case in court.
Although I acknowledge that there may be the odd case where an expert is required to carry out a very clearly defined and tailored Duxbury calculation, in the vast run of cases it is inappropriate to reach beyond the Duxbury tables in At A Glance, or the Capitalise programme for a more advanced formula.
Often during a hearing, as issues crystallise, the judge will ask for specific calculations to be carried out; indeed, I did just that in this case. The underlying assumptions can be adjusted on the Capitalise programme if required.
Key features & benefits
Duxbury Calculations Features
Carry out conventional calculations (working from an income required to a capital sum) or reverse calculations (working out the income a specific capital sum will provide).
Add income requirements (in a conventional calculation), income receipts, capital receipts and pensions receipts to each calculation. These variables can be adjusted for the whole of the term, for year, or between a set number of years.
There is no limit to how many calculations you can create for each client.
Adjust variables such as inflation, income yield and capital growth, Income Tax and allowances, Capital Gains Tax and State Pension.
Calculations can be for life, or a specified period.
Reduce, or enhance, the income requirement at a certain point during the term.
Capitalise reports include the calculation result, a summary page, and a detailed breakdown of the result for each year of the calculation.
The detailed results can be imported to Excel, or downloaded as a formatted PDF report.
The cloud-based software can be accessed through your internet browser, whether you are at home or in the office.
Use on any device, using any operating system, including Apple.
Ensure the initial capital is preserved at the end of the term, so it falls into the recipient’s estate.
