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BobbyDouglas -> RE: </HTML> tag keeps disappearing (4/29/2004 12:19:35)
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I do not have the exact code you are using inside of FrontPage since you have not posted it. Once you post that, I will see if I can get it to work.
Anyhow, for the page you sent me to, try this code:
<HTML>
<HEAD>
<TITLE>WealthCare-UK.com Full Pensions Audit</TITLE>
<meta name="description" CONTENT="Independent Financial Advisers (IFAs) - UK Financial Planning by Handscombes, UK Independent Financial Advisers, specialising in financial planning for the individual and in employee benefits for businesses">
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<Script language="JavaScript">
<!--hide from other browsers
// This message must be included in all use of scripts.
// This script is the property of Ian Dickson and may only be used with permission.
// Permissions are NOT expensive. The commercial use licence (for a modal IFA, for the ENTIRE
// library) is just £10pm plus VAT, so please do not abuse my rights.
// Web Designers - I am happy to agree licence terms. My normal terms are that for each
// site you use them on, I get £10pm plus VAT (irrespective of the number of scripts used on
// the site.
// This can be charged to the client directly or bundled into your own charges, whichever
// suits you.
// Contact details - Ian Dickson, http://www.iandickson.com, 01452 862637
function computepenaudit() {
// maths et al to be computed
// assumes 1%pa charges as per Stakeholder
// Earnings cap ignored due to general nature of maths, not specific to pensions.
// setting up the data
alert("These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. Key features, including a projection which is personal to your circumstances, will be provided if a recommendation for an investment product is made.")
var x1=1/12;
var x2=document.penaudit.growth.value*0.99;
var r=Math.pow(x2,x1);
var n=document.penaudit.term.value*12;
var curfundproj=document.penaudit.curfund.value*Math.pow(x2,document.penaudit.term.value);
var a=document.penaudit.invest.value;
var salary=document.penaudit.salary.value;
var annuityrate=document.penaudit.userannuity.value;
var inflation1=document.penaudit.inflation.value;
if (document.penaudit.growth.value>1.09){
alert("Your chosen growth rate is considered too high and cannot be processed. At present the maximium growth rates considered reasonable by the Financial Services Industry Regulators are 9% for tax efficient investments, 8% for the rest. Middle of the road rates are 7% for tax efficient investments, 6% for the rest.");
curfundproj=0;
a=0;
salary=0;
}
if (document.penaudit.growth.value>1.075 && document.penaudit.growth.value <1.0900001){
alert("You are being too optimistic about future growth. We can show you the results you request, but frankly, you shouldn't do any serious planning on this basis. Much better to be more cautious and use a lower growth rate.");
}
if (document.penaudit.growth.value-inflation1>0.04500001){
alert("The gap between growth and inflation is too high and so cannot be computed. The Financial Services Regulators assume that in the long term wages growth will be 3% less than investment growth, and retail price inflation will be 4.5% less than investment growth. This calculator will not compute figures if the difference exceeds 4.5%.");
curfundproj=0;
a=0;
salary=0;
}
var fundpart1=(r-1);
var fundpart2=Math.pow(r,n);
var fund=a*r*(fundpart2-1)/fundpart1+curfundproj;
document.penaudit.fund.value=Math.round(fund);
var pension=fund*annuityrate;
document.penaudit.pension.value=Math.round(pension);
var inflation2=Math.pow(inflation1,document.penaudit.term.value);
var finalsalarypension=salary*document.penaudit.yearsfinal.value*(1/document.penaudit.accrual.value);
var realfund=fund/inflation2;
document.penaudit.realfund.value=Math.round(realfund);
var realpension=(pension/inflation2)+finalsalarypension;
document.penaudit.realpension.value=Math.round(realpension);
}
//clears form
function clearpenaudit() {
}
//stop hiding from other browsers -->
</script>
<STYLE>
BODY
{scrollbar-face-color: #07D894; scrollbar-shadow-color: #FFFFBF;
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scrollbar-darkshadow-color: #049F69; scrollbar-track-color: #ADDCF1;
scrollbar-arrow-color: #FFFFBF}
</STYLE>
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<p align="center"><font color="#07D894"><font size="6" face="Verdana">WealthCare-UK.com<br>
</font><font face="Verdana" size="3">A Partner Site to
Handscombes.com</font><font face="Verdana" size="2"><br>
<i>Perfect WealthCare!</i></font></font></td>
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<p align="center"><font face="Verdana" size="2"><a href="index_new.htm">Home
Page<br>
</a></font><a href="list_of_calcs01_all.htm"><font size="2">All
calculators</font></a></p>
</td>
<td width="60%" height="36">
<p align="center"><font size="4" color="#5B5BFF">Full Pensions Audit</font><br>
<font color="#5B5BFF" size="2">(</font><font size="2" color="#FF00FF">Test
page</font><font color="#5B5BFF" size="2">)</font></p>
</td>
<td width="20%" height="36">
<p align="center"><font face="Verdana" size="2"><a href="http://www.handscombes.com/" target="_blank">Handscombes.com<br>
</a><a href="http://www.handscombes.co.uk/" target="_blank">Handscombes.co.uk</a></font></p>
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<tr>
<td width="100%" height="36" colspan="3" style="border: 1px solid #FF0000; ">
<p align="center"><font color="#FF0000" size="2">Please note that
all the calculators on this site are <b>educational tools</b> and <b>not</b>
projections. Do <b>not</b> use them as anything more than a guide
for yourself. You will need to <a href="mailto:wealthcareukcom@handscombes.com">contact
us</a> to proceed with any transactions which may be linked to
your use of these online tools (calculators). We look forward to
hearing from you!<br>
</font><b><font face="Verdana" size="2"><a href="http://www.handscombes.com/index2.htm" target="_blank">Handscombes</a></font><font color="#07D894" size="2">
UK tel: (+44) (0)1582 400202. Fax: (+44) (0)1582 400951.</font></b></td>
</tr>
</table>
<p align="center"><font color="#5B5BFF" size="3"><b>Full Pensions Audit</b></font></p>
<p><font size="2">This is a complex calculator because it is a complex subject.</font></p>
<P>
<font size="2">
This calculator will help highlight how close to your target you are with regard to establishing a decent pension.</font>
<P>
<font size="2">
It will only provide a very general picture and we strongly recommend that we conduct a proper audit of your position in which we will assess all of your current arangements and make suitable recommendations. That said if you enter all the information correctly and it suggests that you need to save £300
pm, and you are only saving £50 then it is fair to say that some additional planning will be needed.<br>
</font>
<FORM name=penaudit>
<table width="95%" >
<tr><td align=left>
<b><font size="2">1) Enter the rate of accrual as 60 for if you are in a 1/60th scheme, 80 if 1/80th etc: DEFAULT=1. Enter 1 if this section not applicable in your case to avoid divide by zero error in other math.</font></b></td><td align=right>
<font size="2">
<input type=text Name=accrual size="20" ></font></td></tr>
</table>
<table width="95%" >
<tr><td align=left>
<b><font size="2">2) Enter the total number of years service you expect to have by the time you want to retire. Set at 0 if not applicable to you:</font></b></td><td align=right>
<font size="2">
<input type=text Name=yearsfinal size="20" ></font></td></tr>
</table>
<table width="95%" >
<tr><td align=left>
<b><font size="2">3) What is your salary as defined by the pension scheme? Normally only includes basic pay, no bonuses or overtime. Set at 0 if not applicable to you:</font></b></td><td align=right>
<font size="2">
<input type=text Name=salary size="20" ></font></td></tr>
</table>
<table width="95%" >
<tr><td align=left>
<b><font size="2">4) Enter the current value of long term savings. Set at 0 if none.</font></b></td><td align=right>
<font size="2">
<input type=text Name=curfund size="20" ></font></td></tr>
</table>
<table width="95%" >
<tr><td align=left>
<B><font size="2">5) Enter your current monthly savings rate. Set at 0 if none:</font></B></td><td align=right>
<font size="2">
<input type=text Name=invest size="20" ></font></td></tr>
</table>
<table width="95%">
<tr><td align=left>
<B><font size="2">6) Enter the number of complete years to retirement:</font></B></td><td align=right>
<font size="2">
<input type=text Name=term size="20" ></font></td></tr>
</table>
<table width="95%" >
<tr><td align=left>
<B><font size="2">7) Enter your assumed growth rate, eg 1.09 for 9%:</font></B></td><td align=right>
<font size="2">
<input type=text Name=growth size="20" ></font></td></tr>
</table>
<table width="95%" >
<tr><td align=left>
<B><font size="2">8) Enter your assumed inflation rate, eg 1.05 for 5%:</font></B></td><td align=right>
<font size="2">
<input type=text Name=inflation size="20" ></font></td></tr>
</table>
<table width="95%" >
<tr><td align=left>
<b><font size="2">9) Enter your desired annual retirement income, ( in todays terms):</font></b></td><td align=right>
<font size="2">
<input type=text Name=targetretinc size="20" ></font></td></tr>
</table>
<table width="95%" >
<tr><td align=left>
<b><font size="2">10) Enter your expected annuity rate, eg 0.1 for 10%:</font></b></td><td align=right>
<font size="2">
<input type=text Name=userannuity size="20" ></font></td></tr>
</table>
<font size="2">
<input type="button" value="Compute" onclick=computepenaudit()>
<input type="reset" value="Clear Fields" onclick=clearpenaudit()>
<BR>
</font>
<table width="95%" >
<tr><td align=left>
<B><font size="2">Projected Fund:</font></B></td><td align=right>
<font size="2">
<input type=text name=fund size="20" ></font></td></tr>
</table>
<table width="95%">
<tr><td align=left>
<b><font size="2">Projected Pension using your annuity rate:</font></b></td><td align=right>
<font size="2">
<input type=text name=pension size="20" ></font></td></tr>
</table>
<table width="95%" >
<tr><td align=left>
<b><font size="2">Projected Fund in real terms,(allowing for inflation):</font></b></td><td align=right>
<font size="2">
<input type=text name=realfund size="20" ></font></td></tr>
</table>
<table width="95%" >
<tr><td align=left>
<b><font size="2">Projected Pension in real terms using your inflation and annuity assumptions for fund based pensions, with any Defined Benefit pension added:</font></b></td><td align=right>
<input type=text name=realpension size="20" ></td></tr>
</table>
</Form>
<P>
<b><font color="#5B5BFF" size="3">Explanatory Notes</font></b>
<P> <font size="2" color="#FF0000"> The detail of pensions is very complex, however you can view this calculator
as being two parts, to represent two sorts of pension.</font>
<P><font size="2" color="#FF0000">The first of these are those schemes where your pension is contractually determined
by your time of service and salary, and NOT affected by the fluctuation of the
underlying funds. Parts (1)-(3) are for this type of scheme.</font>
<P><font size="2" color="#FF0000">The second of these are those where the pension is determined entirely by the
fund, and, by taking pension to mean retirement income, we also allow for it
to include investments that are not legally structured as pensions, eg ISAs.</font>
<P><font size="2" color="#FF0000">Of course most people have complex positions. The important thing when using
this calculator is to avoid double counting - for example if you are a member
of the first type of scheme you might be contributing £150 pm, but £100
is to the scheme in general, and £50 is a personal top up, (currently
worth £10,000). For the purposes of this calculator you ignore the value
of the scheme (which you probably can't find out anyway), and only count the
£10,000 in "current value of long term savings" and £50
in the "monthly savings rate".</font>
<ul>
<li><b><font color="#049F69">Accrual Rate</font><font color="#FF0000" size="2">
</font> </b><font color="#FF0000" size="2">- The rate at which you accumulate pension for each
year of service. You need to know this. Guessing is very risky as it may lead
to an over optimistic assessment of your pension position. That said most
good schemes provide one sixtieth of salary for each year of service, (hence
the oft quoted pension being 40/60, ie two thirds of salary for 40 years service
with the same employer).<br>
</font>
<li><b><font color="#049F69">Expected Years Service by Retirement</font><font color="#FF0000" size="2">
</font> </b><font color="#FF0000" size="2">- This refers to any time that
you have spent or will spend in a good company defined benefits scheme (one
that pays you a pension according to the number of years service, rather than
according to the size of any fund that you may accumulate). Most large employer
schemes are of this type.</font>
<P> <font color="#FF0000" size="2"> If you have been in such a scheme for ten years, and expect to stay until
retirement in twenty more, then enter 30.</font>
<P> <font color="#FF0000" size="2"> If you have spent five years with such an employer and then left, enter
five. However note that this calculator assumes that your current salary
is the relevant one, whereas in fact presumably your scheme salary was lower.
In this case the calculator will OVERESTIMATE your pension.</font>
<P> <font color="#FF0000" size="2"> If you have benefits from such a scheme and want to see how they affect
you then run the calculator using the term, the salary value that you had
when you left the scheme, and the term to retirement that applied when you
left the scheme. This will be more accurate, but still not to be relied
upon.<br>
</font>
<li><b><font color="#049F69">Value of Current Investments</font></b> <font color="#FF0000"><font size="2"> - The current value of all of your long
term savings, be they personal pension funds, shares, deposits etc. EG if
£12,000 in pensions, £3,500 in ISAs/PEPs and £12,000 in
deposits/shares etc enter 27500.</font><br>
</font>
<li><b><font color="#049F69">Savings Rate</font></b> <font color="#FF0000" size="2"> - How much each year you are setting aside for long
term investment, either explicitly to pensions, or implicity in general savings.
If your arrangements seem to be falling short of your desired pension you
need to adjust this figure to see how much you need to invest to meet your
target. Include any employer pension contributions if known.<br>
</font>
<li><b><font color="#049F69">Inflation and Growth Assumptions</font></b>
<font color="#FF0000" size="2"> - Choose your own, but note that
the highest growth rate allowed in formal projections is 9% (for which inflation
is assumed to be 4.5%) and the cautious one is 5% (with inflation of 0.5%).
As well as the absolute levels of each, it is important to understand that
over the long term there cannot be a huge difference between growth and inflation,
and differentials of over 4.5% will lead to over optimistic pension projections.</font>
<P><font color="#FF0000" size="2"> Because of the way that the math operates there is an added complexity
when considering the effect of Inflation on Regular Savings. In short if
you invest £1000 a year then , because of inflation, it appears that each
year you invest less and less in real terms. If you want to se what happens
if you invest the same amount in real terms then set the Inflation at 1,
and use a conservative growth rate.</font><P> <font color="#FF0000" size="2"> Enter in the form 1.06 for 6%.</font><P> <font color="#FF0000" size="2"> In the internal math the growth rate is reduced by 1% to represent fund
charges, as per Stakeholder. Your actual pension costs may be different.<br>
</font>
<li><b><font color="#049F69">Annuity Rate</font></b> <font color="#FF0000" size="2"> - Choose your own assumption, but if you want to be
cautious then 6-7% is a good guide. Enter as a decimal, eg 0.07.<br>
</font>
<li><b><font color="#049F69">Desired Pension</font><font color="#FF0000" size="2">
</font> </b><font color="#FF0000" size="2">- The annual pension you would like if you were to
retire today.<br>
</font>
<li><b><font color="#049F69">Projected Pension Fund</font></b> <font color="#FF0000" size="2"> - The value of the fund at retirement.<br>
</font>
<li><b><font color="#049F69">Projected Pension</font></b> <font color="#FF0000" size="2"> - The pension that the fund will provide for your
selected annuity rate.<br>
</font>
<li><b><font color="#049F69">Fund Value in Real Terms</font></b> <font color="#FF0000" size="2"> - The value of the fund in todays money.<br>
</font>
<li><b><font color="#049F69">Pension Value in Real Terms</font></b> <font color="#FF0000" size="2"> - This is the number that counts. The
value in todays terms of your pensions, both from any fund, and from any employers
scheme. State Pensions are ignored.</font>
</ul>
<p align="center"><form>
<div align="center"><center><p><input type="button" name="back" value="<< Back" onClick="history.go(-1);" style="BACKGROUND: #ADDCF1; COLOR: rgb(91,91,255); FONT-STYLE: italic; FONT-VARIANT: normal; FONT-WEIGHT: bold"></p>
</center></div>
</form>
<p align="center"><font size="2" color="#5B5BFF"><a href="http://www.handscombes.com/">Handscombes</a>
offers thanks to <a href="http://www.iandickson.com/" target="_blank">Mr.Ian
Dickson</a> for the use of these Calculators.</font>
</p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" height="1">
<tr>
<td width="100%" height="1" bgcolor="#ADDCF1" valign="top" colspan="4">
<p align="center"><font size="2" color="#5B5BFF">WealthCare-UK.com
is copyrighted by Handscombes, the trading name of Handscombe
Financial Planning Limited, which is regulated by the UK Financial
Services Authority for investment business.<br>
Copyright © 2002-2004 WealthCare-UK.com All Rights Reserved.</font></td>
</tr>
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