Regular Withdrawals

Created by Corinne O'Brien, Modified on Fri, 28 Jun at 12:56 PM by Rohith Krishna

Instructing a regular withdrawal

The payment of regular withdrawals are made on the last working day of each month. Where this date falls on a weekend or other non working day, payment will be made on the day preceding day.

If a sell-down is required to fund the first Regular Withdrawal you instruct, then please allow at least 5 working days prior to payment to ensure that there will be sufficient cash for that first withdrawal.

Once the 'regular withdrawal' has been instructed we will ensure that sufficient funds are sold to ensure cash is available. The platform default is 6 months of cash held back for withdrawals, however, this is configurable at IFA firm level.

NB - 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.

NB - For Multi Investment Strategy (MIS) accounts, regular withdrawals will always be deducted from the primary account.