Tax Year End Transfer Offer Promotion 2025

The Offer

1. The following terms and conditions apply to this Pension and ISA transfer offer promotion (the “Promotion”). The terms set out here are the “Promotional Offer T&Cs”.

2. As part of this Promotion, if:

a. You initiate a transfer of an amount of £10,000 or more from one or more existing eligible products to Nutmeg Saving & Investment Limited (“Nutmeg”) during the period between 00:00 on 27 December 2024 and 23:59 on 30 May 2025 (the “Promotion Period”); and,

b. The transfer(s) you initiate successfully complete; and

c. You keep at least £10,000 of the completed transfer(s) invested with Nutmeg in the period from 00:00 on 31 May 2025 to 23:59 on 30 May 2026 (the “Investment Period”) you will receive a reward (set out in Section 2.g below), provided that you meet the requirements of this Section 2 and you complete the steps set out in these Promotional Offer T&Cs while this Promotion is available.

d. The eligible products are:

i. Individual Savings Account (“ISA”) and/or

ii. Lifetime ISA (“LISA”) and/or

iii. Junior ISA (“JISA”) or Child Trust Fund and/or

iv. Pension.

e. The total of the transfers that you initiate is the “Initiated Amount” and must be at least £10,000. If you initiate multiple transfers during the Promotion Period, the cumulative value of the transfers will count towards the Initiated Amount.

f. The level of the reward will be based on the total of the completed transfers within the Initiated Amount which remain invested with Nutmeg on 30 May 2026 (the “Qualifying Transfer Amount”), provided this remains £10,000 or more.

g. The reward will be cashback equivalent to 1% of the first £500,000 of the Qualifying Transfer Amount. It will be paid as “unallocated cash” (explained in Section 12 in these Promotional Offer T&Cs) into your portfolio. The reward is paid on the total Qualifying Transfer Amount; it does not take into account any returns or losses made on the investments within your portfolio and it does not take into account transfers initiated after the Promotion Period, even if those remain invested during the Investment Period.

h. The reward is not payable in respect of:

i. Any amounts transferred in excess of £500,000 (although for the avoidance of doubt, amounts above this can still be transferred, but without benefiting from the reward);

ii. Transfers already initiated before the start of the Promotion Period;

iii. Transfers initiated after the end of the Promotion Period;

iv. Pending transfers which are cancelled;

v. Transfers which do not successfully complete (please see Section 11 for transfers which complete after 30 May 2026);

vi. Amounts that are withdrawn or transferred out from your Nutmeg account before the end of the Investment Period. For the avoidance of doubt, this includes any amounts so withdrawn or transferred that are then invested in another Nutmeg product; they will not count for the purposes of this reward; and/or

vii. Cash deposits or any other subscription into a product that is not a transfer of an existing product.

For the avoidance of doubt, if a transfer completes before the end of the Promotion Period, the amount transferred must remain invested with Nutmeg for the full length of the Investment Period in order to be included in the Qualifying Transfer Amount.

3. The main agreement between you and Nutmeg which covers the provision of investment services to you by Nutmeg is set out in the Nutmeg Standard Terms and Conditions (“Nutmeg Standard T&Cs”). The Promotional Offer T&Cs set out additional terms, including some terms which amend the Nutmeg Standard T&Cs. You should read both the Nutmeg Standard T&Cs and the Promotional Offer T&Cs before redeeming the reward.

4. The capitalised words in these Promotional Offer T&Cs have the same meaning as in the Nutmeg Standard T&Cs, unless they are expressly given a different meaning here.

5. If there is an inconsistency between (a) the Promotional Offer T&Cs and (b) the Nutmeg Standard T&Cs, these Promotional Offer T&Cs will apply.

6. By completing the product transfer request in accordance with Section 9 below, you are agreeing to be bound by these Promotional Offer T&Cs and the Nutmeg Standard T&Cs.

Availability

7. This Promotion is open to New and Existing Customers (defined below) who wish to transfer an existing ISA, JISA/Child Trust Fund, LISA or Pension from another provider to Nutmeg.

a. “Existing Customers” are individuals who are Nutmeg customers that have opened an account before 27th December 2024.

b. “New Customers” are individuals who:

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

ii. Meet the eligibility requirements in Sections 1.1 and 1.2 of the Nutmeg Standard T&Cs, at the date of opening a Nutmeg account; and

iii. Will be transferring an existing ISA, JISA/Child Trust Fund, LISA or Pension.

8. This Promotion cannot be claimed:

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

b. to transfer any eligible product into a Nutmeg 100%-cash pot; and/or

c. more than once; only one reward is available per customer.

Accepting the offer 

9. To accept Nutmeg’s offer, and receive the 1% reward (into “unallocated cash”), you must do each of the following things during the Promotion Period:

a. New Customers only: Open a new Nutmeg account using the same email address you use to register for the Promotion (d. below).

b. Initiate a transfer of an existing ISA, JISA/Child Trust Fund, LISA and/or Pension via your Nutmeg dashboard into a Nutmeg Stocks and Shares ISA, JISA, LISA and/or Pension.

c. Ensure that the transfer(s) you initiate is at least equal to £10,000; and

d. Fully complete and submit the promotion registration form via the relevant link: www.nutmeg.com/promo/chase-tye-transfer-offer.

Existing pension provider

10. Nutmeg works with a range of pension providers to facilitate the transfer of pensions to Nutmeg. If you are transferring a pension, in order for your pension to be transferred to Nutmeg, your existing pension provider will need to carry out due diligence on your pension transfer request and approve the transfer. If you have any questions in relation to the transfer of your pension, please contact your existing pension provider.

When and how the reward will be paid

11. a. The reward (calculated according to these Promotional Offer T&Cs) will be paid to your account within thirty (30) days of  the end of the Investment Period, subject to b. below.

b. If one or more product transfers have not completed by 30th May 2026, the proportion of the reward applicable to those transfer(s) will not be paid as above. Instead, these outstanding amounts will be paid to your account within thirty (30) days of completion.

12. In each case:

a. The reward will be held in "unallocated cash" and you will be notified within your Nutmeg account that you have cash waiting for allocation. You can then choose which pot to allocate this cash to, or submit a request to withdraw the "unallocated cash".

b. The “unallocated cash” sits within your Nutmeg account, but is not part of an ISA, JISA, LISA or pension tax wrapper. If you want to add this to a Nutmeg pot or withdraw to your bank account, you can do so from the account. Adding the cash to an ISA, LISA, JISA or personal pension will be treated as a contribution into the tax wrapper and is subject to contribution limits under the relevant tax rules of each tax product. Clients are responsible for all contributions into a tax wrapper and should check that any such contributions do not exceed allowable contribution limits.

c. For the avoidance of doubt, if the account holder of a JISA turns eighteen (18) before 30 May 2026, the reward (if any) shall be payable to the account as unallocated cash in accordance with these Promotional Offer T&Cs.

General
13. Nutmeg cannot be held responsible for any issue or delays in transferring your ISA, JISA/Child Trust Fund, LISA or Pension caused by your current provider.

14. In addition to its rights in the Nutmeg Standard T&Cs, Nutmeg reserves the right to change, terminate or withdraw the Promotion:

a. Immediately, at any time without prior notice to you in cases of:

i. suspected abuse, fraud or violation of the Promotion Offer T&Cs or

ii. your failure to comply with any obligations under these Promotional Offer T&Cs; or

b. immediately, at any time by providing notice on its website (www.nutmeg.com). Where this Promotion is changed, terminated or withdrawn in accordance with this Section 14, these Promotional Offer T&Cs will no longer apply.

15. These Promotional Offer T&Cs shall be governed by English law, and the parties submit to the non-exclusive jurisdiction of the courts of England and Wales.

Additional terms applicable to this offer

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

Nutmeg Saving and Investment Limited is authorised and regulated by the Financial

Conduct Authority, whose address is 12 Endeavour Square, London E201JN,  www.fca.org.uk. Our firm registration number is 552016. Nutmeg is covered by the Financial Services Compensation Scheme. There is more information about this in the Nutmeg Standard T&Cs. 

Getting in contact

17. We’re here for you. You can get in touch with us by secure email (we call this Nutmail), by webchat at https://www.nutmeg.com/contact/contact-faq by telephone on 020 3598 1515 or email at support@nutmeg.com

18. If we need to get in touch with you, we will send you a Nutmail. You must sign in to our website to read any Nutmail messages we send you. We may also call you by phone, use email or the post to contact you.

19. We aren’t responsible if you don’t get information or notices from us because we’ve used out-of-date contact details. That’s why it’s really important that you:

• tell us as soon as possible if your contact details change; and
• check your emails and Nutmail regularly.

20. We may record and monitor telephone conversations and electronic communications with you. We will store these records for at least seven years, during which time you can ask us for copies.

21. We will always use English to communicate with you.

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PDF Version

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