What happens to any income (dividends) from my investments within the Vantage Fund Account?
Many funds offer you the choice between income and accumulation units. If you choose income units the income you receive will be dealt with as per the income instructions for your Vantage ISA, SIPP or Fund & Share Account. A Vantage Fund Account can be set up to treat income in one of three ways: • Reinvestment: Income will be held within your account and accumulated until it exceeds £50 per holding for Unit Trusts/OEICs and £200 per holding for other investments, when it will be automatically reinvested. We will do this within 10 working days of the end of each month. • Deposit: Income will be held on your account pending your further investment instructions. • Pay out an Income: Income will be paid out directly to a nominated bank/building society account. This payment will be made within 10 working days of the end of each month. The instruction you give will apply to all income paying holdings within that Vantage Fund & Share account.
Related Questions
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