Individual

How to add an Individual

You can add individuals to a case at the Current situation (top menu) > Personal details step.
The following people should be added as individuals:
- The person for whom a financial plan should be done
- (Optional) The person's partner - this can be any person with whom they wish to share their financial strategy (usually a spouse, even if they are dependent). In the strategy, the calculation will assume that they can pool their funds to pay for expenses, etc.
Note that dependent children should be added as Dependants, not Individuals.
You can include a maximum of two people in a websolve case
If a case has two individuals:
- For directly owned assets, you can set ownership as any percentage split between the two individuals
- If they are set as 'Partners' then Pathfinder will transfer funds between the individuals to meet expenses.

Modelling options for individuals

Personal income	You can enter the Individual's income in the Cashflows & Goals step (top menu) > Cash flows (sub-step) in the Income section. For more information see Income
Retirement date or age	You can enter the Individual's Retirement Age or date in the Cashflows & Goals step (top menu) > Retirement planning (sub-step). For more information see Retirement planning goal (super contributions and pensions).
Making voluntary super contributions	You can enter the Individual's preferences for making voluntary super contributions in the Cashflows & Goals step (top menu) > Retirement planning (sub-step). For more information see Retirement planning goal (super contributions and pensions).
Super transfer balance	This field is required to ensure that the individual does not exceed their super transfer balance cap. Read the help under the field for more details.
Additional options	How to include or exclude the super guarantee (SG) How to model a Disability Support Pension (DSP) How to maximise an individual's Age Pension entitlement by keeping their spouse's funds in the accumulation phase How to include the Family Tax Benefit (FTB-A and FTB-A) Commonwealth Senior's Health Care Card (CSHC card) and Pensioner Concession Card How to enter an initial Work Bonus balance How to include or exclude the Government Age Pension

Results for Individuals

For an overview, see Individual's results.

Related items

Other items related to Individuals:

Strategy Development Service (SDS) and Background adjustment options

If the case includes complex analysis that you are not able to do in Pathfinder yourself, Optimo Support may be able to do some background adjustments to help you get the results you need. Depending on the complexity, this may be included as part of the standard support or additional charges may apply. For more details, please see Modelling outside the scope of Pathfinders' standard modelling.

Some examples of things that are outside the scope of Pathfinder's modelling and how Optimo support can help, are listed below:

Adjustment	Details	Information required by Optimo Support	Examples where additional charges may apply
Cases that have more than two individuals	You should be able to model a case fairly well with two or more people, however, you should review the results carefully.	If anything isn’t working as expected, then please send support the details of what the issue is	If the case has an SMSF with three or four members.
Age Pension Gifting Add a ‘gift amount’ to be accounted for in the age pension estimate, reducing the value of a property, and adding a capital gain to count towards the individual’s taxable income	Unless you ask support to enter these details for you, you will not be able to include any gifting when estimating the Age Pension.	The case name The scenario(s) to apply it to The financial year(s) and amounts for the gifting. Pathfinder can model: Gifting that occurred in the 4 years prior to the start of the analysis Gifting that occurs in the years of the analysis If there are multiple years, please supply the values as separate values for each year (not a total for all years)	Pathfinder can model simple cases where the DSP is applied for the entire case for one individual. If it it more comples, then we may suggest yousubmit the case to the SDS.
Tax rates for non-residents	Individuals are only taxed on Australian rates in the online interface. However, we can apply non-resident tax rates in the SDS.	Let support know you would like to submit the case to the Optimo Financial SDS and tell them: The case name The name of the individual paying non-resident tax rates	All cases that have an individual with non-resident tax rates need to be submitted to the SDS.
Include the Disability support pension (DSP)	Pathfinder does not model the disability support pension by default. It is possible to include it, but please note that it is treated the similarly to the Age Pension.	Please see How to model a Disability Support Pension (DSP)	Pathfinder can model simple cases where the DSP is applied for the entire case for one individual. If it it more complex than this, then we may suggest you submit the case to the SDS.