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AJ bell drawdown

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  • Sarahspangles
    Sarahspangles Posts: 3,239 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    tacpot12 said:
    You have to have cash in your SIPP when they want to withdraw the money, so at least 7 days before the date you have asked for it to be paid.
    Regarding the comment in bold.
    What happens if there is not enough cash /you forget?
    Is the payment cancelled, or do they charge you for cashing in holdings themselves on your behalf ?
    I wondered this, but it’s not stated in their FAQs. If you’re ‘short’ for your custody fees they allow you to go overdrawn and let you know. If you don’t respond they sell some of your largest holding and charge you, but I think it’s <£10
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