03 Jul When to use what instruction?

• Once-off Investment: Deposit made by the client once-off, or we can collect the money from his account
• Recurring Investment: Debit orders from the client’s account
• Unit Transfer In: No cashflow, the units are transferred from another provider/platform/retirement fund to your Nominee. The key here is that you need to have the same instrument/fund on your platform. Depending on the product this is sub categorised as either a Section X transfer, ROT, Share Transfer etc
• Unit Transfer Out: Same as unit transfer in, but the other way around, units are moved off your platform with no cashflow
• Cash Transfer In: Clients want to move his investment from another platform/retirement fund, but you DON’T have the same underlying instruments on your platform. The other platform then pays you cash, and you invest it again into the market. Important: use this if the money does not come from the client. It works the same as a Once-off Investment accept the system records the entity where the money comes from + does not recognise the money in the tax reporting as extra contributions e.g in the case of an RA
• Cash Transfer Out: We don’t have this, since there is no difference currently in the tax reporting. So we use normal Withdrawal and you can use a sub “Purpose” for your reporting to differentiate between withdrawals paid to the client and those paid to other providers as a cash transfer out.