Code Updates: Career Earnings

Following a period of deep research and statistical analysis we have today updated the algorithm and data for the implied saving rates used within the career earnings / profile mode tool.

Savings rates vary by sector, age, earnings level and remuneration type (Salary, Bonus and Dividends).

Given economic challenges, cost of living crisis, political events etc there has certainly been a strain put on the finances of most individuals. We have therefore reflected this in our updated saving rates that have broadly seen a decrease in the savings levels of individuals.

Please also note the savings returns remain unaltered. The returns data we use and is the basis for compounded returns, is based on annual market rates in equities, fixed income, commodities, interest rates, property etc.

If you have any questions let us know.

Thanks,
Jon