So it looks like how you lay out the answer to an IPS question is as important as how close you come to the right answer (I say close as I have yet to actually hit the right answer on the nose, always off by a little bit)
Is there concensus on how to lay out the cashflows in an IPS question?
have been netting each cash flow with tax. This makes it almost impossible to mark.
Here is the schweez mock answer guide format:
Cash inflows
- Working income * inflation
- Investment Returns
- -----Total cash inflows
Cash Outflows
- Taxes on income
- Taxes on Investment Returns
- Liviing expenses * inflation
- -----Total cash out flows