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UFPLS regular automatic monthly payment possible?

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Comments

  • Linton
    Linton Posts: 18,543 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!

    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.

  • Albermarle
    Albermarle Posts: 31,186 Forumite
    10,000 Posts Seventh Anniversary Name Dropper

    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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