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Interactive Investor TFC Withdrawal 25% value date
Pat38493
Posts: 3,531 Forumite
For anyone who has done this, and if I ask to take the full 25% TFC from my pot, can I ask whether II warn you in advance what will be the actual date that they will calculate the value of the 25%?
It says on the website that they take approximately 10 business days to process the request. Does this mean I need to liquidate more than 25% just incase markets increase in the meantime and the value of the 25% goes up above the amount of cash in the account?
It says on the website that they take approximately 10 business days to process the request. Does this mean I need to liquidate more than 25% just incase markets increase in the meantime and the value of the 25% goes up above the amount of cash in the account?
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Comments
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You'll need adequate cash in the pot to make the wihdrawl.1
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Yes that's understood, but what let's say I put 25% of my pot into cash. Then I launch a 25% TFC withdrawal.Hoenir said:You'll need adequate cash in the pot to make the wihdrawl.
For example, let's say II take a week to go through my paperwork and then they decide to action it. Let's say markets increased 3% during that week. Suddenly I don't have enough cash.
Therefore I am thinking that I need to liquidate more like 27-30% of my pot?0
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