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UFPLS regular automatic monthly payment possible?
Comments
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Even if you can set up a steady monthly payment, for the platforms I use it is still your responsibility to ensure there is sufficient cash available in the account.
That is why all my investment income is generated from income funds held in ISAs. Both II and AJBell have facilities to automatically pay out any generated income from ISAs directly into one's linked current account. So a fairly regular income with zero effort and zero tax which is useful if your total income is approaching the higher rate band.
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I think it is generally a developing situation, where some platforms are adapting their systems to be more user friendly. Hence you get the conflicting info as it is a moving target,
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