People¶
People represent the individuals in your plan — you, a partner, or any family member whose finances you want to include. The information you enter for each person drives tax calculations, retirement projections, and asset ownership in the forecast.
Adding people¶
Open your plan and go to the People section. Tap Add to create a new person.
Every plan requires at least one main person (you). You can add more people from there.
Person types¶
| Type | Description |
|---|---|
| Me | The primary person — always required, always one |
| Partner | A spouse, civil partner, or co-habitant |
| Child | A dependent or other family member |
Person type affects how Tally Up displays and groups people. It does not restrict which assets or incomes can be assigned to them.
Fields¶
Name¶
The person's display name, used throughout the app.
Date of birth¶
Used to calculate the person's current age, statutory retirement date, and pension eligibility within projections.
Retirement age¶
The age at which you expect this person to retire. This may differ from the statutory pension age. The forecast uses this date to adjust income and expense flows — for example, stopping salary income at retirement.
Tax residence¶
The country where the person is tax resident. This drives which tax rules apply in the forecast. Supported residences include the United Kingdom, Australia, New Zealand, South Africa, Spain, Luxembourg, and others.
Tax region¶
For countries with regional tax variation (such as Scotland within the UK), you can specify a region code. This applies the correct regional tax bands to the forecast.
Blended tax rate¶
An overall effective tax rate used as a fallback or simplification when detailed tax-band calculations are not needed. Defaults to 25%.
Ownership of assets, income, and expenses¶
Assets, income entries, and expenses can be assigned to one or more people. This affects:
- Tax calculations — income is taxed according to the owner's tax residence and bands
- Projections — retirement dates and income end dates are person-specific
- Reporting — you can filter reports by person
Most asset types support multiple owners. ISAs and pensions are limited to a single owner.
Editing and deleting people¶
Tap any person in the People list to edit their details. Changes take effect immediately in all calculations and projections.
Deleting a person removes them from the plan. Assets and income assigned solely to that person will lose their owner assignment — review these after deletion.