Funding fees and charges
We will deduct fees and charges from cash within your client’s account. Once cash is depleted we will automatically sell units proportionally to the equivalent of six months’ worth of fees and charges. This is to provide sufficient cash to meet future fees or charges without needing to sell assets on a frequent basis. We will only sell units equivalent to a maximum of 0.75% of the value of an account at any one time.
Funding income and regular withdrawals
ISA and CIA:
- Assets will be sold proportionally (including cash and exchange traded investments) or clients can choose specific assets to sell, including cash.
- Where a specific asset is selected, once the asset is depleted our system will default to deducting from cash then any shortfall proportionally across remaining assets, ensuring regular withdrawals are always paid.
CIB:
- Assets will be sold proportionally (including cash) or clients can choose specific assets to sell.
- Where a specific asset is selected, once the asset is depleted our system will deduct units proportionally in order to fund the payment.
CRA:
- Assets will be sold proportionally (including cash and exchange traded investments) or clients can choose specific assets to sell, including cash.
- In the crystallised pot, where a specified asset is selected, once the asset is depleted our system will deduct units proportionally to ensure regular withdrawals are always paid.
- For tax-efficient regular income options (TRIO), where a specific asset is selected, once the asset is depleted our system will default to deducting from cash then any shortfall proportionally across remaining assets, ensuring regular withdrawals are always paid.
- In addition you will be able to specify specific assets for crystallisation and to fund tax-free cash, where necessary.