Life events let you model future financial changes so your projection reflects your real plans, not just a straight-line extrapolation.
What are life events?
Life events are things that will (or might) change your financial situation in the future. Examples:
- Buy a property — adds an asset and mortgage to your projection at a specific year, with stamp duty, LMI (if LVR > 80%), and ongoing costs all factored in
- Sell a property — removes the property, pays off the mortgage, and accounts for capital gains tax (with 50% CGT discount for 12+ month holdings)
- Career change — increases or decreases your income from a certain date
- Expense change — models a lifestyle change (e.g. having children, downsizing)
- Retirement — stops employment income and begins drawing down on your investments at the safe withdrawal rate
Adding a life event
- Open Projections from the sidebar.
- Click + Add Life Event.
- Choose the event type.
- Fill in the details (year, amounts, etc.).
- Choose whether to add it to all plans (a real plan you're committed to) or just this plan (a what-if scenario).
- Click Save.
Global vs plan-specific events
- Global events apply to every projection plan. Use these for things you're actually planning to do (e.g. buying a house next year).
- Plan-specific events only appear in one plan. Use these for what-if scenarios (e.g. "what if I changed careers in 2028?").
This means you can have a base plan reflecting your real intentions, plus alternative plans that explore different futures.
How events affect the projection
Each event modifies the simulation from its scheduled year onward. A property purchase adds mortgage repayments and property growth from that year. A career change adjusts income and tax calculations. Retirement stops earned income and triggers drawdown.
Events are shown as markers on your projection chart so you can see exactly when each change kicks in.
Free vs Pro
Free tier: up to 3 life events. Pro tier: unlimited.
Tip: Add your most likely life events first to get a realistic baseline. Then create what-if plans to explore alternatives.