SWP
Market basicsSystematic Withdrawal Plan — a fixed amount redeemed from a fund at regular intervals.
In plain terms
More tax-efficient than dividends: only the gain portion is taxed, and at capital gains rates.
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Systematic Withdrawal Plan
Market basicsAlso called: SWP
Redeeming a fixed amount from a fund at regular intervals to create an income.
In plain terms
The alternative to an annuity: keeps the capital, keeps growth, keeps flexibility — and exposes you to the order in which returns arrive.