Regular withdrawals from GIA's and ISA's can be instructed monthly on the 1st, 7th, 14th, 21st and 28th. Any regular withdrawal instructions for investments should be setup at least six working days prior to the payment date to ensure the money is paid out that month.
Please note, for regular income from a SIPP drawdown account, these can be instructed on 7th, 14th, 21st and 28th and must be keyed on 7 working days before the payment date. We cannot currently make an income payment on the 1st, but work is underway to make this standard across all wrapper types. We will notify you when this has been achieved.
When setting up the withdrawal instruction, the system will inform you of the expected starting month of the regular payment, depending on the day it is set up.