Can I set up standing (recurring) orders for withdrawals?

Yes, to create a personal withdrawal plan, proceed as follows:

1. Log in and select «Payments»
2. Select «Withdrawals»
3. Click on «Schedule recurring withdrawal»
4. Specify the desired amount, the frequency (monthly, quarterly, semi-annually, annually) and the date of the first payment.
5. Confirm the payout plan.

The regular payouts will be made until you cancel the plan. It also stops automatically if a further payout would cause the minimum investment amount to be undercut.

Please note that recurring withdrawals can only be made from free assets and that 3a accounts must be closed in full. However, you can transfer 3a assets to your untied assets (if you're eligible) and set up a withdrawal plan from there.

Would you like to know how much you can pay out regularly while your assets remain invested?

Use the pension calculator to work out your annual pension or how many years your assets will last.

• To the Pension Calculator from True Wealth