This offer has now ended

The Offer 

1. Transfer an ISA and/or a Pension to Nutmeg Saving & Investment Limited (“Nutmeg”) and receive cashback into your portfolio (“Investment Boost”), up to a maximum cashback of £2,000, or up to a maximum of 200,000 Avios (as set out in Table 1a or 1b).

2. For the avoidance of doubt, rewards are not interchangeable in nature, nor cumulative, they cannot be combined.  You must opt for either the Investment Boost reward or the Avios Reward.

Availability

3. The following terms and conditions apply to this Transfer Offer Promotion (the “Promotion”). The Promotion will run from 00:01 on 18th June 2021 to 23:59 on 18th July 2021 (the “Promotion Period”).

4. This Promotion is open to new and existing customers who wish to transfer an existing ISA or pension from another provider to Nutmeg.

a) Existing customers are individuals who are Nutmeg customers that have opened an account before the 18th June 2021.

b) New customers are individuals who:

a. Have not invested with, or used the services of Nutmeg before; and

b. in Nutmeg’s reasonable opinion, are capable of being accepted as a customer of Nutmeg, in accordance with the requirements of Nutmeg’s Standard Terms and Conditions, and all applicable law.

c. Will be transferring an existing ISA or Pension into a Nutmeg Stocks and Shares ISA or Pension.

5. This offer cannot be claimed:

a. in conjunction with any other Nutmeg offer, or promotion; or

b. to transfer an existing ISA or Lifetime ISA into a Nutmeg Lifetime ISA; or

c. to transfer an existing Junior ISA or Child Trust Fund into a Nutmeg Junior ISA; or

d. to transfer a defined benefit pension scheme into a Nutmeg Pension; or

e. to transfer any eligible product into a Nutmeg 100%-cash pot.

Accepting the offer – Investment Boost

 1. To accept Nutmeg’s offer, and receive the Investment Boost (as set out in Table 1a) you must do each of the following things during the Offer Period:

a. Ensure the transfer(s) you wish to initiate meets the minimum threshold of £5,000. If you complete multiple transfers, the cumulative value of the transfers will count towards the minimum threshold; and

b. complete the product transfer request via the relevant link:

i. For new customers the relevant link is: www.nutmeg.com/promo/newtransferboost
ii. For existing customers the relevant link is: www.nutmeg.com/promo/existingtransferboost

c. fill out your email address, using the field provided.

Accepting the offer – Avios

1. To accept Nutmeg’s offer, and receive up to 200,000 Avios (as set out in Table 1b) you must do each of the following things:

a. Ensure the transfer(s) you wish to initiate meets the minimum threshold of £5,000. If you complete multiple transfers, the cumulative value of the transfers will count towards the minimum threshold;

b. complete the product transfer request via the relevant link:

i. For new customers the relevant link is: www.nutmeg.com/promo/newtransferboost

ii. For existing customers the relevant link is: www.nutmeg.com/promo/existingtransferboost;

c. fill out your email address, using the field provided; and

d. provide a valid British Airways Executive Club membership number.

If you fail to provide to Nutmeg a valid British Airways Executive Club membership number, Nutmeg reserves the right to allocate to you the relevant Investment Boost reward.

Table 1a

• Transferred Value: £5,000 - £9,999 = Investment Boost Reward: £25
• Transferred Value: £10,000 - £24,999 = Investment Boost Reward: £50
• Transferred Value: £25,000 - £29,999 = Investment Boost Reward: £150
• Transferred Value: £30,000 - £49,999 = Investment Boost Reward: £200
• Transferred Value: £50,000 - £99,999 = Investment Boost Reward: £500
• Transferred Value: £100,000 - £149,999 = Investment Boost Reward: £1,000
• Transferred Value: £150,000 - £199,999 = Investment Boost Reward: £1,500
• Transferred Value: £200,000+ = Investment Boost Reward: £2,000
  

Table 1b

• Transferred Value: £5,000 - £9,999 = Avios Reward 2,500
• Transferred Value: £10,000 - £24,999 = Avios Reward 5,000
• Transferred Value: £25,000 - £29,999 = Avios Reward 15,000
• Transferred Value: £30,000 - £49,999 = Avios Reward 20,000
• Transferred Value: £50,000 - £99,999 = Avios Reward 50,000
• Transferred Value: £100,000 - £149,999 = Avios Reward 100,000
• Transferred Value: £150,000 - £199,999 = Avios Reward 150,000
• Transferred Value: £200,000+ = Avios Reward 200,000
  
  For the avoidance of doubt, rewards are not cumulative in nature and cannot be combined.

When and how the Investment Boost will be paid

1. The Investment Boost will be paid to your account within six (6) months of initiating your product transfer request. If the product transfer requires more than six (6) months to be completed, the Investment Boost will be paid to your account upon the transfer completion.

2. You agree not to transfer or withdraw any part of your investment to another provider (excluding the Investment Boost) within twelve (12) months (“Lock-In Period”) of the transferred funds first being traded (“First Traded Date”).

3. Nutmeg reserves the right to deduct the Investment Boost from your account if you transfer or withdraw any part of your investment within the Lock-In Period.

4. In every case:

a. The Investment Boost will be left in 'un-allocated cash' and you will be notified that you have cash waiting for allocation. You can then choose which fund to allocate this cash to, or submit a request to withdraw the ‘un-allocated cash’.

When and how the Avios Reward will be awarded

1.       The Avios will be awarded to your British Airways Executive Club account within six (6) months of initiating your product transfer request. Please note it may to take up to six (6) months for the product transfer to complete, If the product transfer requires more than six (6) months to be completed, the Avios will be awarded to your British Airways Executive Club account upon the transfer completion.

2.       You agree not to transfer or withdraw any part of your investment to another provider within twelve (12) months (“Lock-In Period”) of the transferred funds first being traded (“First Traded Date”).

3.       Nutmeg reserves the right to withdraw the following amounts from your account balance if you transfer or withdraw any part of your investment within the Lock-In Period:

Transferred Value: £5,000 - £9,999 = Deduction: £25

Transferred Value: £10,000 - £24,999 = Deduction: £50

Transferred Value: £25,000 - £29,999 = Deduction: £150

Transferred Value: £30,000 - £49,999 = Deduction: £200

Transferred Value: £50,000 - £99,999 = Deduction: £500

Transferred Value: £100,000 - £149,999 = Deduction: £1,000

Transferred Value: £150,000 - £199,999 = Deduction: £1,500

Transferred Value: £200,000+ = Deduction: £2,000

General

1. Nutmeg cannot be held responsible for any issue or delays in transferring your ISA or Pension caused by the ceding provider.

2. Nutmeg reserves the right to withdraw the offer at any time without prior notice in cases of suspected abuse, fraud or violation of its rules.

3. This offer is subject to change, and Nutmeg reserves the right to withdraw this offer due to unexpected operational constraints.

Nutmeg’s Standard Terms and Conditions, and the additional terms applicable to this offer

1. Terms and Conditions apply to Avios redemptions. Reward flights are subject to availability. Taxes, fees and carrier charges apply. Avios are issued and redeemed in accordance with British Airways Executive Club terms and conditions. For full details see www.britishairways.com/en-gb/executive-club/about-the-club

2. Nutmeg is the sole arbiter of these rules, excluding the redemption of Avios which are subject to British Airways Executive Club Terms and Conditions.

3. This offer, the ISA, Nutmeg Pension, and transfers and withdrawals, are subject to, and governed by, Nutmeg’s Standard Terms and Conditions and the general law. If there is a conflict between (a) the terms of this offer; and (b) Nutmeg’s Standard Terms and Conditions and the general law, the latter will prevail.

4. Nutmeg charges management and other fees. The details are available here.