SIPP withdrawal UFPLS charges

[AleisterCrowley]

I'm pondering a small-ish withdrawal from my AJBell SIPP to use up some tax allowances
Going through the box ticking there is this warning-
'Do you understand that if you withdraw money from your SIPP to invest elsewhere, you’ll have to pay charges when re-investing it?'

Can you explain what this means?
I assume if I put it into a 'holding account' paying interest I'll not be persued by HMRC for charges.....
I'm guessing they mean recycling it into another SIPP

[Alaric]

Can you explain what this means?

Do they just mean that there may be Stanp Duty and broker commission on any reinvestment?

[kempiejon]

Bit shouty.

[AleisterCrowley]

I just tried to make it 'a bit' larger but the text size seemed to jump massively

[AleisterCrowley]

Can you explain what this means?

Do they just mean that there may be Stanp Duty and broker commission on any reinvestment?

Dunno? That's fairly obvious to most people surely?

[Crazbe7]

If you're not sure why not just ring them and ask?

Crazbe7

[AleisterCrowley]

much too time consuming (although AJ Bell have been pretty responsive thus far to be fair to them)

[TallInvestor]

I think it is just a statutory warning as Interactive Investor says the same or similar.

It is stating the bleeding obvious to some extent, but most warnings do!