The Regular Drawdown Plan (RDP) allows clients to withdraw capital from their funds in a defined regular interval. Adviser can customise a withdrawal plan to meet a client's needs for regular income, payments for insurance premium etc. This facility is only available on the wrap account.

How it works?
Firstly, the client is required to make a lump sum investment into the approved list of funds for the regular withdrawal plan. Next, the client can select the fund to be redeemed, amount and frequency of withdrawal.

A fixed amount will be withdrawn at regular intervals. Withdrawals can be made on a monthly, quarterly, semi-annual, or annual schedule. The monies will be credited directly to client's bank account, free of charge.