Cash Park: how does it work?

Cash Park: how does it work?

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If you have a Wealthify Plan, you may have noticed a new ingenious tool added to your dashboard. With our Cash Park facility, it’s now possible to move some or all of your Plan to cash. Here’s a brief guide to help you understand better how this new feature works and how you can take advantage of it.


What is Cash Park?
Cash Park is designed to help you reduce your investment risk temporarily by putting some or all of your Plan in cash. In other words, if you choose to use our Cash Park facility, we will sell down your investments to make funds available and we’ll simply hold your cash in your Plan until you decide to invest it again. One thing to keep in mind though is that you’ll need at least £100 in your Plan to be able to park your money. Also, parking your plan in cash is not the same as holding a Cash ISA. Any money in Cash Park is held within your existing Plan and it’ll still count towards your total ISA allowance.

As an investor, seeing financial markets fall is nerve-wracking and can push many of us to consider withdrawing money from our investment plan(s). However, taking money out can hurt your investment journey, as it makes your losses real and doesn’t give your money the chance to benefit from any improvements in the market. Our new feature offers anyone who’s concerned with market bumps an alternative that will help ease their worries whilst giving them the opportunity to get their cash invested again.

Our Cash Park option should ideally be used as a short-term measure. As your money is parked, you won’t earn any interest and inflation could erode the value of your cash. Also, you could be missing out on potential gains as markets improve if your funds remain parked for too long.  We understand that market fluctuations are stressful, but if you’re investing, it’s important to learn to live with the bumps and think long-term. People who’ve remained invested for any 10-year period between 1984 to February 2019 have had an 87% chance of making a positive return* – and this period includes major financial crashes, such as Black Monday in 1987 and the Global Financial Crisis of 2008.

*Data based on Bloomberg


How does Cash Park work?
Using our Cash Park facility is easy. All you need to do is login to your Wealthify account, select your Plan, and select the option to ‘Park some of my Plan in Cash’. You’ll be able to choose how much of your Plan to park –as little or as much as you’d like. Changes will be made the next time our Investment team trade, and it will take between three and five days for any changes to be reflected in your Plan. If you hold a Stocks and Shares ISA, your allowance will not be affected as your money remains in your Plan.

If you want to change the percentage you’ve parked or reinvest your money, you can easily do so by going back to your dashboard.

We won’t charge management fees or fund charges on any cash that is parked. However, transaction costs will be incurred every time you move money in and out of Cash Park. These costs are a normal part of the buying and selling process.


If you have any questions about Cash Park, our Customer Support Team will be happy to help. You can call us on 0800 802 1800 or contact us via our Live Chat.


Please remember the value of your investments can go down as well as up, and you could get back less than invested.


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Wealthify Customer Reviews

4.34 Average

341 Reviews


Amazing customer service, had a few issues regarding withdrawals which were my fault. Highly recommend.

Posted 1 week ago


One of my work colleagues put me onto Wealthify. It is simple, easy to use and the communication about your portfolio and re balancing is excellent. I am hooked. I have set up a monthly DD and transfer spare cash no matter how small to build the portfolio. I am maxed on ISA contributions elsewhere so am using it just for supplemental trades.

Posted 2 weeks ago

Jonah C

I'm huge on personal finance, investing and saving. And, for me, Wealthify has allowed me to set up my investment fund, make use of my ISA allowance and make contributions / investments on auto-pilot. I knew that investing into Stocks, Shares, Bonds, Property and so on were all great, long term things to do, but Wealthify has made it easy and dummy-proof... I love it already!

Posted 1 month ago

Chris L

I have found it extremely easy to set up and monitor my ISA. There is plenty of information about stock movements being made on my behalf and it feels like a very personal service being offered by this young company.

Posted 1 month ago


Staff is very friendly and quick to respond to any questions that I had. Everything is extremely transparent with emails when they are making drastic changes in the investment plan and as for performance, they did really put my money to work hard with good investment choices and a truly diversified portfolio.

Posted 2 months ago


Lovely customer service, decent returns, easy account to open and close. Overall very satisfied!

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