As soon as dividends are paid out, there should be an option to enable that would automatically withdraw them as free funds in the account and send them directly to your linked bank account. This would be helpful for those who are building passive income as it would then be truly passive and not require manual withdrawal.
You’ll need twenty years of reinvented dividends before you’d want to consider this. Otherwise you’re just stifling growth.
All hail the duck!
Only if you’re not starting with much. One could have an investable sum large enough that would provide a sufficient amount in dividends without having waiting the 20 years you mention.
If using an ISA, then yes the £20k limit will men’s you’re correct but I was referring to both Invest and ISA accounts