​The Reduce Non-Deductible Debt strategy in AdviserLogic’s Digital Advice module helps you build advice around reducing personal or home loans that are not tax-deductible. Non-deductible debt (such as a home mortgage or personal loan) doesn’t provide tax benefits on interest paid, so reducing this debt can improve cash flow and reduce long-term cost. Within AdviserLogic, this strategy guides you through modelling repayment recommendations and documenting them in a compliant Statement of Advice (SoA) or Record of Advice (RoA).

​

​

From the Digital Advice - Scenarios Screen, select the Add Scenario icon.

​
Select the client the advice is for, or select Joint to create advice for your client and partner. Select the type of advice (SoA or RoA), then Proceed To Scope.
​

​​
Select the Reduce Non Deductible Debt strategy from the Strategy screen. Select the relevant goals set, or skip this step, and then Proceed.

The Reduce Non Deductible Debt section is divided into two parts.
​
On the left is a list of the client's existing investments and holdings, with options to release or create new funds. On the right is a summary page of the actions taken.
​

​
The first action is to release funds from the client's existing holdings and investments by selling them down or adding additional funds by selecting the Other option.
​

Release the client's existing funds by adding the amount to be released in the final Sell column, and then clicking outside the table. The released amount will now show on the right hand side of the screen.
​

​
You can remove the released funds by hovering over them on the right-hand side and selecting the Rubbish Icon button.
​

Similarly, select the Other button from the top of the left screen to add additional amounts and enter the requisite details.
​

On the right-hand Summary window, you will see a list of the transactions you have created. These transactions are deletable by hovering over the individual transaction and selecting the Rubbish bin Icon.
​
The Line items are divided into three main columns Existing, Sell, and Projection.

Shows the client's existing assets.
​

Shows the recommended transactions you have entered.
​

Shows the remaining amount from the Existing minus the Sell amounts.
​

The Total Recommendation Amount can be found at the top right of the right-hand side window.
​​

To see the client's existing Liabilities, select the Existing Liabilities from the top right of the Summary Screen.
​

​
A slide menu will open on the right of the Summary screen, showcasing the client's existing liabilities.
​

Access the Asset Allocation Tool and Product List from the three-dot menu at the top right of the window.
​

The Asset Allocation Tool is the same as found in Advice Tools.
It will show the asset allocation information specific to your recommendation.
​

Selecting Product Detail List will download a spreadsheet with a detailed product list to your downloads folder.
​

When the funds have been released, Proceed to Apply Funds by selecting the button from the bottom right of the window.
​​

​
The Apply Funds screen is similarly divided into two sections. On the left is a list of the client's existing Liabilities, and on the right is a summary screen.
​

​
Add the amount to be reduced to the Reduce column on the left-hand side and click outside of the table. The reduced amounts will now show on the right-hand summary section.
​

​
Any remaining amount will also show in the summary window. The full Available Amount must be utilised to proceed.
​

​​
If the funds released are too great to cover the amount required, select the Back arrow and change the released amount to match the amount required.
​

​

​
Once the correct amount has been entered, select Proceed to Disclosure Fees.
​

You may also edit the advice document from within the scenario by selecting the Save And Preview button from the top right of any screen within a digital advice scenario and following the Advice Editing Instructions.
​

After editing the text to your liking, select the Proceed to Disclosure Fees button at the bottom right of the screen. From there, add your fees and complete your advice.
​

​

​
​Link Cashflow

After completing the advice, you may add any previously created cashflow modelling to the scenario by selecting the Link Cashflow option from the Scenario Tile. The cashflow tables will be drawn into the final advice document.
​

3.png