Product comparison
ProjectionLab vs WealthScout: features and differences
Compare ProjectionLab and WealthScout for retirement plans, current records, property, shares and debt.
- Checked
- July 26, 2026
- Written by
- WealthScout
Short answer
ProjectionLab suits people who want detailed plan tests, tax tools and retirement charts. WealthScout suits households that want the plan and the current records in one app. It keeps shares, property, cash, debt, income and spending, checks them in a dated review and uses the same figures in each plan.
Which product fits your needs?
WealthScout suits you if
- You want one set of figures for the current position and the plan.
- You want set fields for shares, property, cash and debt.
- You want a review to confirm the figures before a plan uses them.
- You want to compare the plan with later household results.
ProjectionLab suits you if
- Your main need is a separate planning tool.
- You need its Monte Carlo or past market tests now.
- You need one of its current tax or withdrawal tools now.
- You already keep detailed share, property and debt records elsewhere.
What each product does
Neither product links to financial accounts. Both compare a plan with what happened later, and both model shares, property and debt for the years ahead. The table holds the questions where the two answers differ. Plan, country and release limits may change what you can use.Notes and sources for this comparison
- Does it keep my current share, property and debt records?
WealthScout
Yes. Trades, dividends, property costs, loans, cash, income and spending sit in set records.
ProjectionLab
No. You enter the assets, debts, income and costs the plan needs. It models them rather than keeping a ledger.
- Will a plan start from figures I already keep?
WealthScout
Yes. Each plan starts from the latest confirmed household snapshot.
ProjectionLab
No. You enter the starting figures for the plan yourself.
- Can I run Monte Carlo or past market tests?
WealthScout
No. Plans compare named cases, dated changes and drawdown order. Those tests are not built.
ProjectionLab
Yes. Monte Carlo tests, past market tests, tax tools and plan rules.
- Does progress tracking read from my records?
WealthScout
Yes. A review checks the source records, then closes a dated snapshot to compare with the plan.
ProjectionLab
No. You add progress to its journal by hand.
- Can I get a tax report for trades I have already made?
WealthScout
Partly. Share tax reports use released rules, and only for supported countries.
ProjectionLab
No. It models future tax effects rather than reporting on past trades.
- Can I sign up today?
WealthScout
No. Early access opens country by country.
ProjectionLab
Yes. Sign-up is open, with several plans.
A plan is only as current as its starting figures
ProjectionLab does not link to financial accounts. You enter the figures used by its plan and can add later progress to its journal.
WealthScout starts from the latest confirmed household snapshot. When the source records change, the next review and plan can use the same current figures.
WealthScout keeps the records used by the plan
WealthScout keeps share trades, dividends, property costs, loans, cash, income and spending in set records. A review ends with a dated snapshot.
The snapshot becomes the start of a plan. You do not need to rebuild the household in a separate planning tool.
One review serves both reports and plans
WealthScout checks the source records, closes a dated snapshot and uses that result for history and plan checks.
ProjectionLab can show journal entries against a past plan. Those entries do not replace a share ledger, property cost record or debt record.
Detailed records make plans easier to explain
A change in a WealthScout plan can trace back to the household record that supplied the starting value. Shares, property, cash, debt, income and spending stay apart in set fields.
WealthScout keeps both the current household records and the plans based on them.
Common questions
What is the main difference between ProjectionLab and WealthScout?
ProjectionLab is a separate planning tool with detailed plan tests. WealthScout keeps the current household record and the future plan together, so the plan can use checked shares, property, cash, debt, income and spending figures.
Can both products compare plans?
Yes. WealthScout compares named plans and dated changes from the household's confirmed position. ProjectionLab offers plan tests and Compare Mode.
Which product tracks current investments in more detail?
WealthScout does. It keeps share trades, dividends and cost facts for current reports. ProjectionLab models investment accounts and future results but does not replace a share ledger.
Do either of them link to bank accounts?
No. ProjectionLab states that it does not link to accounts. WealthScout does not offer bank links at this stage. WealthScout users enter household records and can import supported share files.
Build one record for your whole household
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