Towers Watson Media
Technology and Software

AA IncomeCalc

AA IncomeCalc

AA IncomeCalc is an interactive app designed to help individuals estimate the total amount of tax relievable pension savings they are able to make into their pension schemes, over a tax year.

The interactive AA IncomeCalc app is available for FREE on iPhones, iPads and AndroidTM smartphones.

Background

Willis Towers Watson developed the AA IncomeCalc app in response to new rules from
April 2016 which link the amount of tax relievable pension savings an individual can build up each year, to their income. The introduction of these rules has led to greater complexity, resulting in many more individuals being impacted by the annual allowance (AA) than ever before.

Key features

  • Intuitive interface – helps individuals to navigate this complex topic in an easy and logical way via step-by-step calculations
  • Numerical outputs – enables individuals to better understand the impact of the AA on their pension savings
  • Help file – provides further information on the AA rules from April 2016
  • Confidential – ensures personal information is not transmitted online and never leaves an individual’s phone
  • Planning ahead – allows individuals to estimate their position for future years

Frequently asked questions

  • How do I get AA IncomeCalc?
    AA IncomeCalc is available for download on the App Store and on Google Play.
  • How much does AA IncomeCalc cost?
    AA IncomeCalc is free to download and there are no usage charges.
  • I’m an employer/pension manager – can I use AA IncomeCalc for my employees?
    Yes – you can tell your employees about the app and let them know where to find it. Your employees can then enter their personal information directly into the app without needing to share this information with you.

The app is ideal for complementing wider communication programmes you put into place to support employees through this complex area.

Further questions? Email: AAIncomeCalc@willistowerswatson.com

The issues are complex and individual employees should not take any action without first reviewing the options offered by their employer and, if necessary, taking specific financial advice.

Related Solutions

AA Income Calc App Overview
APP OVERVIEW


Apple

Google play

In brief:

  • Free to download and use
  • Available on tablets and smartphones
  • Interactive and easy to use with an intuitive interface
  • Helps individuals to understand the impact of the AA based on their personal circumstances

AA IncomeCalc

Apple, the Apple logo, iPhone and iPad are trademarks of Apple Inc., registered in the US and other countries. App Store is a service mark of Apple Inc., registered in the US and other countries.
Google Play and the Google Play logo are trademarks of Google Inc.
Android is a trademark of Google Inc.

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Frequently Asked Questions