Instructing a regular withdrawal is instructed from the withdrawals option under all account options cog from within the account.
Enter the Value of the regular withdrawal, the reference (will be shown on the bank statement), frequency and date. We now allow 4 payment dates per month, these are 7th, 14th, 21st and 28th. Where this date falls on a weekend or a bank holiday, payment will be made earlier.
You can only select the bank account that is linked to that account, if you wish to have the regular withdrawal paid to a different account please following the Bank Account Maintenance process in the following article to change the account before instructing the regular withdrawal:
Adding a regular withdrawal to an account will mean there will be cash set aside for regular withdrawals as per the buying power configuration. This will happen when there is next a buying power trigger. Please read the article on buying power for further information.
https://knowledgebase.hubwise.co.uk/support/solutions/articles/76000085882-guide-to-buying-power-on-ss-c-hubwise
Where there is insufficient cash available If a sell-down is required to fund the first regular withdrawal you instruct, then please allow at least 10 working days prior to payment date selected otherwise the first payment may be missed and the first payment in the following month
Multi Investment Strategy (MIS) accounts, regular withdrawals can currently be set on the primary account or the sub account. Where on the primary account, cash will be moved to the primary account in line with the MIS model.
Third Party Products - Please be aware that for withdrawals from a 3rd party provider product, you will need to contact said 3rd party who will provide Hubwise will the required instruction.
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