You can reinvest some, or all of your dividends automatically by setting up a dividend reinvestment
Create a regular income by setting up an instruction to withdraw funds monthly, quarterly, every six months or annually
With income payaway, you can choose to take any dividends created by your investments as an income, paid directly into your bank account
When you log in to your account select ‘income settings’ and you will see more options so you can decide what to do with cash or income from your investments.
If you do want to create a regular income, you can now set up the instruction to withdraw funds monthly, quarterly, every six months or annually.
You can specify an amount, as well as how often you want to receive the income, but do bear in mind that you will need to have sufficient funds in your dealing account or ISA to cover the amount you request. Then, the income will be paid into your bank account via BACS.
With income payaway, you can choose to take any dividends created by your investments as an income, paid directly into your bank account.
This feature also allows you to reinvest some of your income into specific securities, and pay the rest into your bank account.
If you have a SIPP and want to set up a regular withdrawal, you will need to request this through your SIPP provider as they administer your SIPP. Withdrawals from SIPPs are subject to the usual pension access rules, and are typically only available from age 55.
If you have a Lifetime ISA (LISA), you cannot set up a regular income request as this will leave you liable for the withdrawal penalty fee, which is a particular feature of the LISA.
The income payaway feature is not enabled for SIPPs or LISAs due to the access rules around these accounts.
Dividends are payments of some of the profits made by a company to its shareholders.
They are not guaranteed, and are at the discretion of the company, but when they are paid, you have the option to reinvest them into more of that company’s shares.
Dividend reinvestment with EQi is a low-cost, straightforward way to continually top up your pot.
Our dividend reinvestment fees are just £1.50 per purchase.
Log in and select the option for 'income settings' on your dashboard.
You can reinvest some, or all of your dividends automatically.
We pay 100% of UK dividends within 24 hours of receipt
Our parent, Equiniti, deals with 28 million UK shareholders
We pay 98% of all dividends within 24 hours of receipt
Keep track of share and fund prices and their performance
Automatically buy or sell investments when a certain price is reached
Smooth out any market fluctuations with regular investing