There's no maximum amount you can transfer, but the largest reward you will receive is £5,000, or 500,000 Avios. To qualify for the maximum reward, you must transfer £500,000 or more.

Your reward is based on the total amount you transfer, which is outlined in the rewards table on this page.

To qualify for a reward, you must stay invested for 12 months. This 12-month period starts on the date your first product transfer completes – even if you are transferring multiple products at different times. Once the 12-months are up, you'll receive your investment boost or Avios reward within 45 days. We'll keep you updated throughout. 

No, unless we specifically state on that offer page that you can use them together. You can get the reward if you joined Nutmeg using a fee-free offer.

No, this offer is open to both new and existing clients. If you are a new client, you will need to create a Nutmeg account to make your transfers – the steps for registering are further up this page. 

Avios are the loyalty currency of the British Airways Club and partners which can be spent on flights, hotels, experiences and more. Learn how to collect and spend Avios.

It's best to get in touch with the British Airways Club. If you don't enter your membership number when registering, you'll get an investment boost instead – so if you're avid about Avios, have your membership number to hand. 

No, this Avios offer is only for clients with a British Airways Club membership number. Not a member? Join the Club.

It's a cash reward that we'll pay directly into your Nutmeg account as 'unallocated cash' for you to choose which pots to allocate it to, or withdraw it. Remember, while it's unallocated, the money won't be in a tax-efficient account like an ISA or pension.

No, you'll need to choose either an investment boost or Avios.

You can use our handy transfer tracker! You'll find it on your Nutmeg dashboard. Plus, we'll email you whenever there's a change to your transfer's progress.

No, not from us! But before you initiate the transfer, please check if your old provider will charge you, and whether you'll lose any benefits or guarantees from them.

Your investments will be sold during the transfer process, and temporarily be out of the market. 

Transfers not completed within 12 months will be considered separately. You may receive another reward based on the value of any transfer(s)completed after the end of the 12-month period, as long as it meets the minimum transfer amount of £100,000. You will receive the reward within 45 days of the completion date of the transfer. Each such transfer must have been initiated within 30 days of the first transfer initiated.

You can transfer cash ISAs and stocks and shares ISAs, plus both types of Lifetime ISAs and Junior ISAs. You can also transfer a Child Trust Fund into a Junior ISA – but you can only have one of these, not both. As we don't offer cash ISAs, any that you transfer to us will be invested into a stocks and shares ISA. 

Yes! Whether you make one transfer or multiple, we'll base your reward on the total amount transferred (as long as you keep this amount invested for 12 months), which can come from a mix of ISAs and pensions.

You can't transfer to our Lifetime ISA in the app, but you can on our website. Just so you know, transfers to our ISA, Junior ISA and pension can be done in the app.

No, you can initiate multiple transfers. We'll calculate your reward based on the total amount you transfer from existing Child Trust Funds, ISAs, LISAs, JISAs and pensions within 30 days of you initiating your first transfer, as long as you keep this total amount invested for 12 months.

If you are transferring to us, your existing pension provider will carry out all necessary checks, manage the required steps for your pension transfer and approve the request. If you have any questions about the transfer of your pension, please contact your existing pension provider.

You can withdraw or transfer your money at any time, but there are some things to consider if you do:

If you make any withdrawals before 12 months from the date that your first transfer completes, you won't get a reward in respect of any money you take out. If any withdrawals take your total transfer amount below the offer minimum of £100,000, then you won't qualify for any reward. 

As an example, if you transfer £110,000, and then withdraw £10,000 before the end of the 12-month period, you'll get a reward on £100,000. However, if you transferred £110,000 and then withdrew £20,000 – taking your total transfer amount to £90,000 – you wouldn't qualify for the offer.

Also, please take some time to read about our Junior ISA, Lifetime ISA and Pension, as these types of product each have certain withdrawal restrictions.

It's a good idea to think about your annual ISA allowance before taking out any money, too. As our stocks and shares ISA isn't flexible, any money you withdraw will have already come out of your ISA allowance for the current tax year – so you can't then reinvest it without using more of your allowance.

If you have any questions about your transfer before it reaches us, please contact your existing provider first. And, if you're not sure if a pension transfer is right for you, please speak to a financial adviser.

Yes, they'll need to do their own checks to approve the transfer before the money leaves them.

The Offer 

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

2. As part of this Promotion, if you transfer a minimum amount of £100,000 from one or more existing: 

a) Stocks and Shares ISA (“ISA”); and/or 

b) Lifetime ISA (“LISA”); and/or 

c) Junior ISA (“JISA”) or Child Trust Fund; and/or 

d) Pension 

to Nutmeg Saving & Investment Limited (“Nutmeg”), and the transfer(s) you initiate successfully complete and are invested in line with the minimum twelve (12) months period explained below (Section 4), you will receive a reward (the amount depends on how much you transfer) as follows: 

a) cashback into your portfolio as “unallocated cash” (defined in paragraph 19 in these Promotional T&Cs), with a minimum cashback of £1,000 up to a maximum cashback of £5,000 as set out in the Table below (the “Investment Boost Reward”); OR 

b) an Avios reward, with a minimum of 100,000 Avios up to a maximum of 500,000 Avios as set out in the Table below (the “Avios Reward”) 

provided that you meet the requirements of Sections 2 to 5 and you complete the steps set out in these Promotional T&Cs while this Promotion remains live. You must opt for either the Investment Boost Reward or the Avios Reward. You cannot receive both, they are not cumulative and may not be combined. 

3. The total of the transfer(s) you initiate is the “Initiated Amount” and must total at least £100,000. The total can be met through one or more transfers but the transfer(s) must all be initiated within thirty (30) days of the first transfer initiated (“Transfer Period”).  

4. The date the first transfer successfully completes is the start of the twelve (12) month minimum investment period (“Investment Period”). The level of the reward will be based on the total of the transfers initiated during the Transfer Period which successfully complete in the Investment Period which remain invested with Nutmeg at the end of the Investment Period, provided the sum invested remains £100,000 or more.

5. In the case of multiple transfers: 

a) Transfers initiated within the Transfer Period will count towards the Initiated Amount;  

b) The first transfer to complete, to start the Investment Period, does not need to total £100,000; 

c) Provided that transfers initiated in the Transfer Period have completed within the Investment Period they will be considered cumulatively for the purposes of the calculation of the reward. Paragraphs 18 and 20 explain what happens if a transfer requires more than twelve (12) months to complete. 

6. Transfers initiated after the Transfer Period will be considered as a separate transfer. Please contact us if you’d like to request that these are considered for the Promotion. Nutmeg makes no guarantee that such transfers may qualify for this Promotion or another offer. 

7. The level of reward does not take into account any returns or losses made on the investments within your portfolio. 

8. The reward is not payable in respect of: 

a) 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); 

b) Transfers which do not successfully complete; 

c) Amounts that are invested and then withdrawn or transferred out from your Nutmeg account before the end of the Investment Period. For the avoidance of doubt, this includes any amounts invested which are then withdrawn or transferred to another Nutmeg product;  

d) Any gains made on the Initiated Amount, if any; 

e) Pending transfers which are cancelled;  

f) Transfers already initiated before the start of the Transfer Period; and/or 

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

9. 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  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  T&Cs before redeeming the Investment Boost Reward or the Avios Reward. 

10. The capitalised words in these Promotional T&Cs have the same meaning as in the Nutmeg Standard T&Cs, unless they are expressly given a different meaning here. If there is an inconsistency between (a) the Promotional T&Cs and (b) the Nutmeg Standard T&Cs, these Promotional T&Cs will apply. 

11. By participating in this Promotion, you are agreeing to be bound by these Promotional T&Cs and the Nutmeg Standard T&Cs. 

Availability 

12. This Promotion is open to new and existing customers of Nutmeg. 

13. This Promotion cannot be claimed: 

a) in conjunction with any other Nutmeg offer or promotion except the Nutmeg’s 12-month fee free offer (if also available); or 

b) if you are not invited to participate in the Promotion.