LAST CALL: Get 10,000 Avios for opening an ISA with Nutmeg

There aren’t that many decent Avios-earning offers around at the moment – apart from the usual credit card sign-up deals – so I thought it was worth a reminder that wealth management group Nutmeg is still running its generous Avios offer.

You will receive up to 10,000 Avios points when you open a Stocks & Shares ISA or a pension with Nutmeg by tomorrow, 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.

Nutmeg Avios promotion

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 Wednesday 30th November.  Your bonus can be credited to either an 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, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.

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  1. Both parents in Roger household are fully subscribed for ISA this year.
    Does anyone know if there is any special new account offer for Junior ISA?

  2. I opened one of these a couple of months ago and it has lost about 0.5%. Worth it for 5000 Avios I think.

    • Stocks and shares are generally a waiting game. Though the short term gain is nice.

      • the real harry says:

        I prefer the Virgin ISA offer – 12K miles as was, might get repeated next spring

        • Hope so. Lost a few quid as sold earlier this month but not too bad for 24k Virgin miles (2 x 12k).

        • +1 the big question is whether to pass on an initial 5 or 6 in the hope of 12 reappearing. It must now be around the 6 month matk for most of us to cancel after taking out the 12k offer this year.

    • You are lucky. I opened one in April 2015. Lost about 10% of its value within three months.

      It’s fought its way back to be shortly under what I put into it, about 18 months later.

      I know its long term, but understand that if its posting something like a 14% gain from last year, its because it lost it all the year before…

      • I would never invest without checking the state of the market, for me the ideal conditions would be to invest after a major slump plus a partial recovery, in the hope of a further recovery.

        IMO it is not possible to time the market exactly, but looking for the above trends has helped me be fairly successful.

        Personally I’m currently sitting out, and patiently waiting for a recovery in the mining sector!

  3. Sussex Bantam says:

    I’ve always been really uncomfortable about this offer. The tax breaks associated with an ISA are a valuable benefit.

    You may well decide that Nutmeg offer the service you want but I certainly wouldn’t be persuaded by a £100 incentive (10,000 Avios) to take a product which didn’t suit my need.

    This is a far cry from buying Lego !

  4. the real harry says:

    I have to admit, when you only get to open 1 ISA like this a year, Nutmeg would not be my first choice :)

    Probably they’re OK as operators go – but I bet Raffles hasn’t opened an ISA with them, somewhat tellingly lol

  5. Can you not receive both?

  6. Yep, and the £136 is just for the £500 + £100 monthly contribution. So it’s actually £136 v just 5000 avios. No brainier I think.

  7. I am confused. Can you receive both? or it’s either 5K avios OR £136?