All shareholders of your company will be notified if you make any withdrawals from your Investment Pot.
The funds will be held in the “Cash Balance” section of your Investment Pot until they have cleared. Once the funds have cleared, you will receive a notification that your withdrawal has settled to your Business Account.
If there is any cash in your Investment Pot then this will be used to fund a withdrawal first. If there is not enough cash in your Investment Pot, then a sell order will be triggered to sell the minimum required units to raise the cash. As a result of a sell order likely being required, withdrawals can take up to 4 working days for the cash to be returned to your business account. Only 1 unsettled withdrawal can be in progress at a time.
To withdraw more than 95% of your Investment Pot balance you will need to withdraw the full Investment Pot balance. If you make a withdrawal that doesn’t leave a large enough balance to cover any accrued unpaid fees, then fees will be taken from the withdrawal before it’s returned to your business account.
You must first withdraw funds from your Investment Pot should you wish to make a bank transfer to pay any costs associated with your property. This includes any standing orders, GetGround subscription fees, or property-related costs. You will also need to make sure to leave enough time for your funds to clear before these payments are due.