Regular withdrawals can be paid on the 5th or 20th of the month and can be paid on a monthly, quarterly, half yearly or annual basis. The payment will be made on the selected payment day, or the next working day if this falls on a weekend or bank holiday, and will reach your bank account within 4 working days of the payment date.
You must select the fund(s) and the regular withdrawal amount(s) you wish to take from those funds.
The minimum amount you can take as a regular withdrawal from any one of your fund holdings is £50 per fund, and the remaining value of that fund after a regular withdrawal must be at least £500. This means if the regular withdrawal to be taken from a fund were to take the value of that fund below £500, the regular withdrawal amount from that particular fund will not be able to be made. So your total regular withdrawal paid from your ISA would either cease or be for a reduced amount.
The total value of the regular withdrawals to be taken in any 12 month period must not exceed 100% of the value of your Prudential ISA. This calculation is performed when the withdrawal is established, on its re-commencement following any suspension, or should the amount be increased.