Regular withdrawals are paid into the client’s bank account on the chosen date — the 1st, 7th, 14th, 21st or 28th — depending on whether any asset sales are needed and when those sales settle. This applies to GIAs and ISAs.
For SIPP Drawdown accounts, the same process applies, but payments can currently be made only on the 7th, 14th, 21st or 28th.
Auto‑disinvestment triggers sell orders five working days before the selected payment date at 7am for Investments, and six working days before the payment date for Pensions.
The withdrawal instruction is created with a Waiting status, and any sell orders show as Pending. Funds are paid to the client once the final trade settles and the withdrawal updates to Completed.