The Offer
1. The following terms and conditions apply to this Transfer Offer Promotion (the “Promotion”).

2. As part of this Promotion, if you transfer an ISA and/or a Pension and/or a JISA or Child Trust Fund to Nutmeg Saving & Investment Limited (“Nutmeg”) you will receive:
(a) cashback into your portfolio as “un-allocated cash” (also see clause 15 below), up to a maximum cashback of £3,000 as set out in Table 1 below (the “Investment Boost Reward”); OR
(b) an Avios reward, up to a maximum of 300,000 Avios points as set out in Table 1 below (the “Avios Reward”).

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

4. The main agreement between you and Nutmeg is set out in the Nutmeg Standard T&Cs, which are available here. The terms set out below are the “Promotional Offer 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 sets of T&Cs before redeeming the Investment Boost Reward or Avios Reward.

5. 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.

6. 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.

7. By completing the product transfer request in accordance with paragraph 11(b) or 12(b) below, you are agreeing to be bound by these Promotional Offer T&Cs and the Nutmeg Standard T&Cs.

Availability
8. The Promotion will run from 00:01 on 15th June 2022 to 23:59 on 31st July 2022 (the “Promotion Period”).

9. This Promotion is open to new and existing customers who wish to transfer an existing ISA, JISA/Child Trust Fund or pension from another provider to Nutmeg. 
(a). Existing customers are individuals who are Nutmeg customers that have opened an account before the 15th June 2022.
(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 or Pension into a Nutmeg Stocks and Shares ISA, JISA or Pension. 

10. 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 a defined benefit pension scheme into a Nutmeg Pension; or 
(d). to transfer any eligible product into a Nutmeg 100%-cash pot.

Accepting the Offer - Investment Boost Reward
11. To accept Nutmeg’s offer, and receive the Investment Boost Reward (into “un-allocated cash”) as set out in Table 1a below, you must do each of the following things during the Promotion 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 both new and existing customers the relevant link is: www.nutmeg.com/promo/transfer-offer
(c). fill out your email address, using the field provided.

Accepting the offer – Avios Reward 
12. To accept Nutmeg’s offer, and receive the Avios Rewardas set out in Table 1b below, you must do each of the following things during the Promotion 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; 
(b). complete the product transfer request via the relevant link:
(i). For both new and existing customers the relevant link is: www.nutmeg.com/promo/transfer-offer
(c). fill out your email address, using the field provided; and
(d). provide a valid British Airways Executive Club membership number.

13. 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 - £299,999 = Investment Boost Reward: £2,000
• Transferred Value: £300,000+ = Investment Boost Reward: £3,000
  

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 - £299,999 = Avios Reward 200,000
• Transferred Value: £300,000+ = Avios Reward 300,000

For the avoidance of doubt, rewards are not cumulative in nature and cannot be combined.

When and how the Investment Boost Reward will be paid?
14. The Investment Boost Reward 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 Reward will be paid to your account upon the transfer completion.

15. In every case:

(a). The Investment Boost Reward 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’.

(b). The “un-allocated cash” is not part of an ISA, JISA or pension tax wrapper.  If you wish to add this to your ISA, JISA or pension you will need to transfer the cash into the relevant wrapper.  This 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 making any contribution into a tax wrapper and should check they do not exceed allowable contribution limits.

When and how the Avios Reward will be paid?
16. The Avios Reward 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 Reward will be awarded to your British Airways Executive Club account upon the transfer completion.

General

17. Nutmeg cannot be held responsible for any issue or delays in transferring your ISA, JISA/Child Trust Fund or Pension caused by the ceding provider. 

18. In addition to its rights in the Nutmeg Standard T&Cs, Nutmeg reserves the right to change, terminate or withdraw the Promotion at any time without prior notice to you in cases of:

(a). suspected abuse, fraud or violation of its rules; or

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

(c). unexpected operational constraints. 

Where this Promotion is changed, terminated or withdrawn in accordance with this paragraph 18, these Promotional Offer T&Cs will no longer apply.

19. These terms and conditions shall be governed by English law, and the parties submit to the non-exclusive jurisdiction of the courts of England and Wales.