Give your Isa or Sipp a boost in early 2025: the cashback deals that could boost your pot

PThe products in this article have been independently selected by This is Money’s specialist journalists. If you open an account through links marked with an asterisk, This is Money will earn an affiliate commission. We do not allow this to affect our editorial independence.

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.

Interactive Investor Sipp cashback
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.

Fidelity Cashback
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.

Compare the best DIY investment platforms and shares Isas

1695632430 740 Isa allowance may be hiked above 20000 if you invest

Investing online is simple, cheap and can be done from your computer, tablet or phone at a time and place that suits you best.

When it comes to choosing a DIY investment platform, shares Isa or a general investment account, the range of options may seem overwhelming.

Each provider has a slightly different offering, charging more or less fees to trade or hold shares and giving access to a different range of shares, funds and investment trusts.

When weighing up the right choice for you, it’s important to look at the service it offers, along with the administration and transaction fees, plus any other additional costs.

To help you compare the best investment accounts, we’ve put together the facts and put together a comprehensive guide to choosing the best and cheapest investment account for you.

We highlight the key players in the table below, but recommend that you do your own research and consider the points in our full guide linked here.

>> This is Money’s full guide to the best investment platforms and Isas

The platforms below have been independently selected by This is Money’s specialist journalists. If you open an account through links marked with an asterisk, This is Money will earn an affiliate commission. We do not allow this to affect our editorial independence.

DIY INVESTMENT PLATFORMS AND SHARES & EQUITY ISAS
Administration costs Cost notes Trading in funds Standard stocks, trust, ETF trading Invest regularly Dividend reinvestment
AJ Bel* 0.25% Maximum £3.50 per month for shares, trusts and ETFs. £1.50 £5 £1.50 €1.50 per offer More details
Bestinvest* 0.40% (0.2% for ready-made portfolios) Account fees reduced to 0.2% for ready-made investments Free £4.95 Free for funds Free for income funds More details
Charles Stanley Direct* 0.35% No platform fees for shares on a transaction that month and an annual maximum of £240 Free £11.50 n/a n/a More details
Etoro* No investment funds or Sipp Free Stocks, investment trusts and ETFs. Not available Free n/a n/a More details
Fidelity* 0.35% on funds £7.50 per month up to £25,000 or 0.35% with a regular savings plan. Free £7.50 Free funds £1.50 shares, trusts ETFs £1.50 More details
Free trade* No investment funds Basic account free, standard with Isa €5.99, plus €11.99 Stocks, investment trusts and ETFs. No money Free n/a n/a More details
Hargreaves Lansdown* 0.45% Maximum £45 for shares, trusts and ETFs Free £11.95 Free Free More details
Interactive Investor* £4.99 per month under £50,000, £11.99 above, £10 extra for Sipp Free trading worth £3.99 per month (not applicable to £4.99 plan) £3.99 £3.99 Free £0.99 More details
iWeb Free £5 £5 n/a 2%, maximum £5 More details
Trading 212* Free Stocks, investment trusts and ETFs. Not available Free n/a Free More details
Forefront Only Vanguard’s own products 0.15% Vanguard funds only Free Only free Vanguard ETFs Free n/a More details
(Source: ThisisMoney.co.uk January 2025. Manager percentage can be charged monthly or quarterly

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