Give your Isa or Sipp a boost in early 2025: the cashback deals that could boost your pot
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Investors can give their Isa and Sipp accounts a new year’s boost by making the most of cashback deals to move money into a new investment platform
While it’s important to choose the right investment platform for your circumstances, rather than just grabbing some quick cashback, these special offers can give the value of your portfolio a nice boost.
Hargreaves Lansdown* is offering This is Money readers an exclusive deal to give £100 cashback to those who open a Stocks and Shares Isa account on the platform and deposit a minimum of £10,000. Use this link to access HL cashback*.
In the meantime, Interactive Investor* promises cashback of between £100 and £3,000 when you open a personal pension you’ve invested in and pay money into it or transfer your pot. Use this link to access ii’s offering*.
Fidelity* also offers Isa, Sipp and investment cashback of between £500 and £2,500 on transfers.
Isa boost: You can boost your Isa or Sipp before the end of the tax year by taking advantage of special offers
How the offers stack up
Hargreaves Lansdown cashback offer* will see new customers receive €100 in a loyalty bonus account within one month of the end of the minimum investment period.
The offer runs until February 20 and investors must deposit £10,000 into their account within 60 calendar days of opening the account.
There must be at least £10,000 in the account for at least six months after the Isa is opened, and they must also keep the Isa open for at least seven months.
The deal is only open to new HL customers.
Interactive investors Sipp deal*offers between €100 and €3,000 in cashback, depending on the amount of money invested or transferred.
To receive €100 cashback, customers must add at least €10,000 to their account.
The amount of cashback available will then be increased to a maximum of £3,000, which will require adding an amount of £2 million to an ii Sipp.
The ii Sipp offer runs until January 31 and customers must keep their money in the Sipp for at least 12 months to receive the cashback, which will be paid out within 30 days afterwards.
Financing amount or transfer pot | Money back |
---|---|
£10,000 – £99,999.99 | £100 |
£100,000 – £249,999.99 | £250 |
£250,000 – £499,999.99 | £500 |
£500,000 – £999,999.99 | £800 |
£1,000,000 – £1,499,999.99 | £1,000 |
£1,500,000 – £1,999,999.99 | £2,000 |
£2,000,000+ | £3,000 |
Source: Interactive Investor |
Interactive Investor is also offering £100 worth of free trades for those who sign up shares and shares Jes* and are general investment account*.
This equates to 25 free transactions, which users can access until December 31 this year.
There is no minimum deposit required to qualify for Interactive Investor’s offer.
There is a similar deal for ii’s general investment account*.
Like ii’s Sipp deal, Fidelity offers a Sipp cashback deal* giving customers up to £2,500 back when they transfer an account.
However, to qualify for the maximum cashback of £2,500, investors must transfer £1 million or more.
Investors must transfer at least €50,000 to qualify for €500 cashback.
The deal is also available on Fidelity’s shares and shares Isa* and are general investment account*.
Fidelity’s deals are valid until April 1.
Transfer pot | Money back |
---|---|
£50,000 – £74,999 | £500 |
£750,000 – £99,999 | £750 |
£100,000 – £249,999 | £1,000 |
£250,000 – £499,999 | £1,250 |
£500,000 – £749,999 | £1,500 |
£750,000 – £999,999 | £1,750 |
£1,000,000+ | £2,500 |
Source: Trouw |
How do the platforms’ fees compare?
Hargreaves Lansdown charges a platform fee of 0.45 percent. This is charged in full on fund positions, but for shares, investment trusts and ETF positions the charge is capped at £45 per year.
Trading funds is free, but there is a £11.95 charge for trading shares, investment trusts and ETFs. Regular investing is free.
Interactive Investor has a subscription-based platform, with a monthly fee of £4.99 for investors with less than £50,000 in their pot, but a fee of £11.99 per month for those over the £5,000 threshold.
There is a charge of £10 per month for Sipp accounts, which works out to a cost of £21.99 per month or £267 per year.
Funds, shares, unit trusts and ETF trades all cost £3.99, while regular investing is free.
Fidelity charges £7.50 per month up to £25,000, or 0.35 percent for a regular savings plan.
It also charges £7.50 for trading funds, shares and trusts, and £1.50 for regular share, trust and ETF investments. Fund investing is free.
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