It is a couple of weeks since I first mentioned this, so I thought it was worth a reminder that wealth management group Nutmeg has brought back its generous Avios offer, just a month after the previous offer closed.
You will receive up to 10,000 Avios points when you open a Stocks & Shares ISA or a pension with Nutmeg before 30th November.
Full details can be found on the Nutmeg website here.
As I wrote back in September, Nutmeg is an innovative online wealth management service which offers a fully managed, discretionary, investment service at a far lower cost than its competitors. If you are using St James’s Place, Hargreaves Lansdown etc then the Nutmeg fee structure of 0.3% – 0.95% should be of interest.
Using exchange-traded funds, which keep your costs to a minimum, Nutmeg claims to offer no fixed fees, no transaction fees, no trading or commission fees and no exit fees. You only pay your annual management fee.
Your money will be invested in “a robust, diversified portfolio that spreads risk across asset classes, geographies and industries.” Your Money has voted Nutmeg the ‘best online Stocks and Shares ISA provider’ for two years in a row.
How much do I need to invest?
The minimum contribution is £500 with additional monthly contributions of £100. This will earn you a bonus of 5,000 Avios points.
If make an initial lump sum contribution of £5,000 or more, you will receive a bonus of 10,000 Avios.
The maximum you are allowed to invest in an ISA per tax year is £15,240. Anything you commit beyond that will be placed in a general investment account.
This offer is valid for applications made until 30th November. Your bonus can be credited to either an avios.com or British Airways Executive Club account and you will receive your Avios within 45 days of making your initial investment.
Here is the small print if you close your account:
If a customer withdraws their account balance within 12 months of opening their account, in the event of 5000 Avios being issued, Nutmeg reserves the right to withdraw £50 from the closing balance before returning funds. In the event of 10,000 Avios being issued, Nutmeg reserves the right to withdraw £100 from the closing balance before returning funds.
You need to apply via this special landing page to earn Avios. Applications via the standard Nutmeg home page will not earn any points.
Remember that, as with all investments, the value of your portfolio can go down as well as up.
(Want to earn more Avios? Click here to visit our home page for the latest articles on earning and spending your Avios points and click here to see how to earn more Avios from current offers and promotions.)
Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. By recommending financial products on this site, I am – technically – acting as a credit broker. Robert Burgess, trad