Life plan tool - FAQs

Life plan is a digital tool in your account designed to help you set, track and achieve goals which are meaningful to you.

• Click on ‘Life plan’ in the main menu at the top of your screen once logged in to your account. If you’re on a mobile device or using the mobile app, you’ll see it in the menu along the bottom.
• Select ‘Retirement’ if you want to set a retirement goal or ‘Grow my money’ if you want to simulate different scenarios for how your money could grow based on what you put in today.

You can set two types of goals:

• The Retirement goal allows you to set a high-level plan for when you want to retire and how much money you think you’ll need to fund your retirement. You can then see how you might achieve this based on how much money you can invest now and over time
• For those not thinking about retirement right now, Grow My Money allows you to see how much your money could grow based on what you could put in today and your target growth rate. It assumes no withdrawals are made during the period so you can watch your investment value grow until you are in a position to achieve whatever your financial goal might be.

The retirement goal has two steps: Plan and Simulate.

• After you’ve filled in the required fields at each step, you have the option to save your plan.
• Next time you open the retirement goal, the information you provided previously for the plan stage will be pre-populated.
• You can update any of the fields and re-save your goal.