How does EVPro treat income produced by income producing assets and capital growth from accumulation assets?

We treat distribution and accumulation funds the same.

We assume the income is reinvested, and we reduce the forecast by 0.5% to allow for tax. Any regular withdrawals against the asset (which could be the income yield) are currently not taxed, however the automated withdrawals/sales to cover expense shortfalls are taxed as Capital Gains.