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Royal London Income Tap
Has anyone used the Royal London "Income Tap" to use as taxable income withdrawals. I am understanding that you can allocate a portion of your fund from your main investment portfolio into a deposit fund where it is protected from stock market fluctuations. I was looking to move about 12 months of monthly income payments. Royal London are confusing me as they say the income tap is unable to be set up until i make withdrawals?
https://adviser.royallondon.com/globalassets/docs/adviser/leaflets/65sa11-income-tap-customer-leaflet.pdf
Comments
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If you are primarily looking at stock market stability, you could just use the RL Sterling Short Term Money Market fund.
Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone1 -
Thanks, however i am in a governed portfolio and unable to split my pot that way
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Being in the Govan portfolio is a choice. It doesn't stop you self-selecting as an alternative.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.2
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