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Get up to 50,000 Avios when you open an ISA or SIPP via Nutmeg

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This is an advertisement for Nutmeg Saving and Investment Limited (“Nutmeg”). Nutmeg has agreed to pay the publisher an award for new customers 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

With the end of the tax year approaching, wealth management group Nutmeg has brought back its generous Avios offer for opening a SIPP or ISA.

The deal is a little different this time around.  Instead of giving you a flat amount of Avios, you will receive one Avios point, up to a maximum of 50,000 Avios, for every £1 you invest when you open an account with Nutmeg by 9th April 2017.

Full details can be found on the Nutmeg website here.

What is Nutmeg?

Nutmeg is an innovative online wealth management service which offers intelligent investment portfolios to anybody with just £500 to invest with additional monthly contributions of at least £100.  If you are using St James’s Place, Hargreaves Lansdown etc. then the simple Nutmeg fee structure should be of interest.

Your money will be invested in what the company describes as 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 both 2015 and 2016.

nutmeg avios offer

How much do I need to invest?

You can open an account with the minimum contribution for an ISA of just £500, as long as you make additional monthly contributions by direct debit of at least £100.   You can also make an initial lump sum contribution of £5,000 or more.

What is the maximum I can invest?

The maximum you are allowed to invest in an ISA in the 2016/17 tax year, which ends on 5th April, is £15,240.  You can invest more – Nutmeg will give you one Avios point per £1 on initial investments of up to £50,000, which would earn you 50,000 Avios – but anything you commit in this tax year beyond £15,240 will be placed in a general investment account.

The ISA limit for 2017/18 will be £20,000.  If you have already opened an ISA with someone else for 2016/17, you can still take advantage of this offer by jumping in quickly on 6th April when the new tax year starts.

This offer is valid for invested accounts opened by 9th April 2017.

How many Avios will I receive?

You will receive one Avios point per £1 invested.

However, it is important to note the following:

you receive Avios based on your INITIAL deposit only – if you deposit £15,240 today and another £20,000 on 6th April for the new 2017/18 year, you will only receive 15,240 Avios

the offer is only open to new Nutmeg customers – if you already have a Nutmeg ISA or SIPP and open a new account on 6th April for the new 2017/18 tax year, you will not receive any Avios

When do I receive my Avios?

Your bonus can be credited to either an or British Airways Executive Club account and you will receive your Avios points within 45 days of making your initial investment.

If you close your Nutmeg account within 12 months, Nutmeg reserves the right to impose an exit penalty to cover the cost of the Avios points awarded.

How do I apply?

You need to sign up and invest via this special landing page to earn Avios.  Applications via the standard Nutmeg home page will not earn any points.

Remember that your capital is at risk. The value of your investment, and the income you get from it, can go down as well as up.  As with any investment, there is a chance you will get back less than you originally invested.  ISA and Pension rules apply.

(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.)

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  1. Or if anyone wants a 12% annual return on their money let me know – more than happy to pay this each year on any amounts over £30K. No limits. 🙂

  2. I wondered if they’ll be offering a LISA? So far Hargreaves Lansdown is the only one I’ve heard about considering it – seems a good idea given the ever-falling AA/LTA limits!

    • Anonymous says:

      Hi everyone,

      Y’all seem to know all this sophisticated financial stuff so I just thought I’ll give my experience of Hargreaves lansdown instead of talking about where/how to invest.

      I have been using Hargreaves for a few yrs now moved there from selftrade as I like to manage my own portfolios due to having economics degree I didn’t wanna waste.

      My experience has been great with them. They don’t charge too much as you can choose if you are willing to pay a lot and also they do extensive research into stocks n funds. If a person is lazy you can choose to have portfolio managed or look at their wealth funds which have rating to show value and past performance etc.

      So I think it is wrong the way this article is written to give the impression that other companies may be bad for investors.

      This article is not balanced in its information as this is about an investment product.

  3. Project55 says:

    I’m still new to collecting Avios so not sure if this would be a good deal for me. I could transfer 50k out of my existing III ISA but that would then generate incremental fee’s of £225 (0.45% x £50k). I’d still be paying £20/quarter for my remaining III ISA. The plan would be to transfer the Nutmeg ISA back to III a year later.

    Is £225 good value for 50k Avios?

    • Genghis says:

      Avios are generally valued at around 1p so here you’d be paying 0.45p, which isn’t bad I guess, provided Nutmeg and your current provider would allow in-specie transfers.

  4. JamesWag says:


    BA781 ARN-LHR seems to be on a 767-300 (763) (at least for dates I have looked at) which has club world seating. The new Polaris seating at that.

    Is this actually the case ? If booked into Club (even using Avios), I presume you’d get a Club seat ?! 15K Avios + £25 RFS fee seems a good price for trying the new CW Polaris seat ?

  5. Very OT- Accor Happy Monday not working for London Novotels; I can find the page with all the Novotels in London @£60, however, none of them has the rate when you click book with this rate, while Sofitel and ibis work fine.

    • …and by sofitel I mean Pullman

    • Louise says:

      I found this last week and contacted their customer service. They said the rate had sold out.

      I did however snap up Novotel Canary Wharf for this Saturday at 1am this morning

    • pointsarb says:

      Tony, try calling the Hotel directly. I did, and as a Plat (via Amex) they transferred me to a call centre somewhere who provided the Happy Mondays rate for Novotel Blackfriars even though it was not bookable online. Got upgraded to an Executive room upon arrival so for £60/night in London that was a bargain in my book 🙂

      • Louise says:

        that’s the one I tried to book last Monday but couldn’t. Even sent screenshots to them but they said rate had gone even though main search still showed it.

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