Can I draw an income from interest payments and reinvest capital?

Yes, you can. By combining the 'Reinvestment' and 'Auto-Withdrawal' settings, you can re-invest only the principal component of the payments you receive and draw an income to your nominated bank account.

How to enable the reinvestment of principal amounts paid

Log in to your Plenti account, then click 'Reinvestment settings' in the left-hand menu. You can then enable the reinvestment of your principal from the relevant lending market to the lending market of your choice. Interest will accumulate in your holding account as it is paid.

How to automatically withdraw the balance of your holding account

To automatically withdraw the accumulated interest in your holding account to your nominated bank account at a frequency of your choice, simply enable the auto-withdrawal setting. Log in to your Plenti account, click 'Withdraw funds' in the left-hand menu, and then choose 'Auto-withdrawal' and follow the prompts. Please note that you will need to have made a successful manual withdrawal before being able to use the auto-withdrawal feature.