Can I set up standing (recurring) orders for withdrawals?

Yes, True Wealth offers a regular withdrawal plan for systematic capital consumption. To set this up, proceed as follows:

• Log in and select “Payments.”
• Select “Withdraw.”
• Click on “Schedule recurring withdrawal.”
• Now specify the desired amount, frequency (monthly, quarterly, semi-annually, or annually), and date of the first execution.
• Then confirm the payout plan.

The regular payouts will continue until you revoke the payout plan. The withdrawal plan will also stop automatically if another withdrawal would cause the minimum investment amount to be undershot.

Please note that regular withdrawals are only possible from free (untied) assets and that 3a accounts must be closed in full. The usual legal restrictions apply. However, you can reinvest 3a funds in free assets and create a withdrawal plan from them.

Would you like to know how long your invested assets will last while making regular withdrawals?

True Wealth's asset depletion calculator is a handy tool for this.