REMINDER: Receive 2,500 – 300,000 Avios (or cash) with Nutmeg’s ISA & pension transfer offer

This offer ended on 15th August 2023 and is no longer valid. All information was correct at the time of approval but may no longer be correct.

This is an advertisement for Nutmeg Saving and Investment Limited (“Nutmeg”). Nutmeg has agreed to pay the publisher an award for new clients acquired via the promotion of its services on this site. 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. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority. Approved by Nutmeg on 15th June 2023.

Back in June, we outlined a new Nutmeg offer, giving you the chance to receive between 2,500 and 300,000 Avios when you transfer an ISA, pension, Junior ISA or Child Trust Fund to Nutmeg between 15th June and 15th August 2023.

As we approach the last month of the offer, we wanted to remind you of all the details so you have plenty of time to apply should you want to.

This offer is available for those aged 18+ and UK residents only. Terms and Conditions apply.

Nutmeg is an innovative digital wealth management service that builds and manages global investment portfolios. It is part of J.P. Morgan and part of its push into the UK consumer market.

You can start investing with Nutmeg for as little as £500 in a pension or ISA, or £100 in a Junior ISA – although to take advantage of this offer, the minimum total value of your transfers must be £5,000.

The Avios earning rates are linked to how much you transfer during the promotion, up to a maximum of 300,000 Avios.

How the offer works

There are nine earning rates and it is important to note that the reward you will receive will be based on the total value of all completed transfers. If you make more than one transfer your reward will be based on the combined amount.

Here is the tiered earning structure:

Transfer Value	Investment Boost Reward	Avios Reward
£300,000+	£3,000	300,000
£200,000 – £299,999	£2,000	200,000
£150,000 – £199,999	£1,500	150,000
£100,000 – £149,999	£1,000	100,000
£50,000 – £99,999	£500	50,000
£30,000 – £49,999	£200	20,000
£25,000 – £29,999	£150	15,000
£10,000 – £24,999	£50	5,000
£5,000 – £9,999	£25	2,500

You will receive either the Investment Boost or the Avios and not both. You will be sent an email within 24 hours of initiating your first transfer where you will be able to choose between the cash or Avios reward.

An Investment Boost is paid into your Nutmeg account as unallocated cash. You can also choose to withdraw the Investment Boost if you wish.

How much can I transfer?

The offer is open to new and existing customers who initiate transfers of ISAs, pensions, Junior ISAs or Child Trust Funds from other providers to Nutmeg during the promotional period.

To qualify, the total combined value of all transfers must be at least £5,000. You can transfer less than this, but you will not receive Avios or an Investment Boost Reward. The minimum you can transfer is £500 for ISAs and pensions or £100 for Junior ISAs.

There is no upper limit to the amount you can transfer, but the maximum Avios Reward you can receive is 300,000 when you transfer a total of £300,000 or more. If you opt for the investment boost, the maximum reward would be £3,000.

It is worth noting the maximum amount you can invest in a stocks and shares ISA in the current tax year (which ends on 5th April 2024) is £20,000. In addition to your personal ISA allowance, the annual allowance for a Junior ISA for the current tax year is £9,000 per child.

An Investment Boost or Avios are not awarded for customers transferring to a 100% cash pot. The Avios you receive will be based on the total amount of any ISAs, pensions, Junior ISAs or Child Trust Funds you transfer during the promotional period.

The offer is only available to UK residents over 18 years old.

Which products are included in the offer?

The offer includes ISA, Pensions, Junior ISA or Child Trust Fund transfers.

Nutmeg offers four investment styles to pick from:

• Fully managed – These portfolios are proactively managed by Nutmeg’s experienced investment team who make strategic adjustments to try and mitigate against losses and boost returns.

• Smart Alpha Portfolios powered by J.P. Morgan Asset Management – Smart Alpha portfolios combine Nutmeg’s core investment principles, ETF and fractional investment expertise, with the in-house, multi-asset knowledge and experience of one of the world’s leading investment houses.

• Socially Responsible – Like the Fully Managed style, these portfolios are proactively managed by Nutmeg’s investment team and place an emphasis on investments in companies and bond issuers that take into account certain environmental, social and governance considerations.

• Fixed Allocation – These portfolios are designed to perform without the intervention of Nutmeg’s investment team. The portfolios are rebalanced to ensure your investments match your risk level, but the assets will only be reviewed once a year to make sure they’re still right for you.

Nutmeg’s latest awards

Nutmeg is well-respected by the investment industry and consistently wins awards for its products and services.

Some of the most recent accolades include the Your Money Investment Award 2023 for Best Investment UX Platform Award, Boring Money’s Best Buy for Beginners 2023, Best Buy SISA 2023, Best Buy LISA 2023, Best Buy JISA 2023 and Best Buy Pension 2023. Additionally, it has been awarded ‘Best European digital wealth platform using ETFs’ at the ETF Express European ETF awards.

How do I apply?

There’s no need to register for the promotion. Simply initiate a transfer to a Nutmeg ISA, pension or Junior ISA between 15th June and 15th August 2023.

You will receive an email within 24 hours of initiating the transfer where you can choose whether you’d like the Avios or Investment boost. If you still have not received it after 24 hours, please reach out to their client services team. You will receive your reward within 6 months of initiating your product transfers. You can see the full list of terms and conditions here.

Please make sure you have a valid British Airways Executive Club account before you apply in order to receive your Avios.

ISA, pension, Junior ISA and Child Trust Fund transfers initiated before the promotion ends will be eligible. The transfer does not necessarily have to complete by the offer end date.

Remember, as with all investing, your capital is at risk. The value of your portfolio with Nutmeg can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may be subject to change in the future. If you are unsure if any of these products are the right choice for you, please seek financial advice.

You still have a little while left to apply – the offer ends at 23:59 on 15th August 2023. You can apply here.