Pioneer Investments: Systematic Withdrawal Plan


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Systematic Withdrawal Plan

Pioneer Systematic Withdrawal Plan (SWP) lets you make automatic withdrawals from your account. Shares are sold, at net asset value, less any contingent deferred sales charge (CDSC), from your Pioneer account on a regular basis until you choose to change or cancel your SWP.

Withdrawals may be made:

  • Monthly, quarterly or in any other combination of months.
  • On any date of the month you select.
  • For as little as $50 each payment.
  • By check, to a third party or using direct deposit to your bank account.

Just click below for instructions on how to establish or change the Systematic Withdrawal Plan.


Establish New Systematic Withdrawal Plan (SWP)

To establish a SWP that sends checks to the account's address of record, you may call our Customer Service Representatives at 1-800-225-6292.

For a SWP using other payment methods, simply mail an Account Options form or a letter of instruction to Pioneer Investment Management Shareholder Services, Inc., P. O. Box 55014, Boston, MA 02205-5014. To obtain a form, contact your investment professional, or call us at 1-800-225-6292.

Your instructions must include the withdrawal frequency, withdrawal amount (in dollars or shares) and one of the payment methods outlined below.

  • Mail check to the address of record on your pioneer account.
  • Mail check to an address different from that shown on the account. (A Signature Validation Program Stamp is required for previously established accounts.)
  • Mail check to designated payee. (You must provide the name and address of the recipient. A Signature Validation Program Stamp is required for previously established accounts.)
  • Direct Deposit to a designated bank account. (You must provide the bank name, address, bank account registration and account number and a voided check or savings deposit slip. A Signature Validation Program Stamp is required for previously established accounts.)

Before establishing a SWP you should be aware that:

  • Special conditions may apply for SWPs for retirement accounts. Contact your investment professional, or our Retirement Plans Specialists at 1-800-622-0176, for more information.
  • Class B and Class C accounts are limited to 10% of the account value at the time the account was established; otherwise, there is no maximum payment amount.
  • Your account must have a value of at least $10,000 to start a SWP.
  • Dividends and capital gains distributions must be reinvested.
  • A Signature Validation Program Stamp is required if SWP withdrawals total more than $100,000 a year.


Change SWP Payment Amount, Date or Frequency

You can change your SWP by calling our Customer Service Representatives at 1-800-225-6292. Or, mail any of the following documents to Pioneer Investment Management Shareholder Services, Inc., P. O. Box 55014, Boston, MA 02205-5014.

  • Account Options form with "change" indicated; or
  • Letter of instruction; include your 14-digit Pioneer account number, account registration and the effective date of the change.

To obtain a form, contact your investment professional, or call our customer service representatives at 1-800-225-6292.


Change SWP Payment Method

Mail either of the following documents to Pioneer Investment Management Shareholder Services, Inc., P. O. Box 55014, Boston, MA 02205-5014.

  • Account Options form with "change" indicated and a voided check or savings deposit slip if payments are to be deposited directly to a bank account; or
  • Letter of instruction; include your 14-digit Pioneer account number, account registration, the effective date of the change and a voided check if payments are to be deposited directly to a bank account.

Note: A Signature Validation Program Stamp is required to send payments to a bank, to an address not on the account or to another individual.

If you are changing your SWP so that payments will be sent to the account's address of record, you may request the change by calling our Customer Service representatives at 1-800-225-6292.

To obtain a form, contact your investment professional, or call our customer service Representatives at 1-800-225-6292.


Change SWP Bank Information

Mail either of the following documents to Pioneer Investment Management Shareholder Services, Inc., P. O. Box 55014, Boston, MA 02205-5014.

Note: A Signature Validation Program Stamp is required to change your SWP bank information.

  • Account Options form with "change" indicated. Be sure to attach a voided check or savings deposit slip; or
  • Letter of instruction; include your 14-digit Pioneer account number, account registration, bank name, address, bank account registration and account number, effective date of the change, and a voided check or savings deposit slip.

To obtain a form, contact our investment professional or call our customer service representatives at 1-800-225-6292.


Cancel SWP

You may cancel a SWP by calling our Customer Service Representatives at 1-800-225-6292. Or, mail either of the following documents to Pioneer Investment Management Shareholder Services, Inc., P. O. Box 55014, Boston, MA 02205-5014.

  • Account Options form with "cancel" indicated; or
  • Letter of instruction; include your 14-digit Pioneer account number, account registration and the effective date of the change.

To obtain a form, contact your investment professional or call our customer service representatives at 1-800-225-6292.

 

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your advisor or Pioneer Investments for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it here.

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