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ENDS 24th: Get up to 50,000 Avios opening an ISA or SIPP with 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

This is your last week to take advantage of wealth management group Nutmeg‘s generous Avios offer for opening a pension or ISA.

If you didn’t get around to opening an account back in April when this offer last ran, you might want to look at the deal now.  The offer has been extended by a week due to strong demand and will definitely close next Sunday, on Christmas Eve.

Full details can be found on the Nutmeg website here.

For every £1 invested you will receive one Avios, up to a maximum of 50,000 Avios, when you open an account with Nutmeg before 24th December 2017.

What is Nutmeg?

As I wrote back in April when this offer last ran 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 currently using St James’s Place, Hargreaves Lansdown etc then the simple Nutmeg annual fee structure of 0.25% to 0.75% should be of interest.

nutmeg avios offer

Your money will be invested in what the company calls a robust, diversified portfolio that spreads risk across asset classes, geographies and industries. YourMoney voted Nutmeg the best online Stocks and Shares ISA provider for both 2015 and 2016.

If you read the Financial Times at weekends you may have seen this recent profile (paywall) on Nutmeg in FT Money.  The company now has over £1 billion of assets under management and has doubled its customer numbers during 2017.

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 with no direct debit contributions required. For those opening a pension the minimum is £5,000 with no direct debit contribution required.

What is the maximum I can invest?

The maximum you are allowed to invest in an ISA this tax year is £20,000. 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 beyond £20,000 will be placed in a general investment account.

For a pension, Nutmeg will award one Avios point per £1 on initial investments up to £50,000.  You can invest more but the Avios reward is capped at 50,000 points.

This offer is valid for invested accounts opened and funded by 24th December 2017.

How many Avios will I receive?

You will receive one Avios point per £1 invested.

However, it is important to note that the offer is only open to new Nutmeg customers.   A ‘new customer’ is defined as someone who has not previously invested with Nutmeg.

When do I receive my Avios?

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

If you make a withdrawal or close your Nutmeg account within 12 months, Nutmeg reserves the right to to withdraw the cash equivalent of the Avios points value awarded from the closing balance before returning funds.

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, as with all investing, that 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.  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.)

Comments (30)

  • Peter says:

    Are you allowed to disclose how much you’re being paid to gave this pinned as your main article this week, amongst many other times we seem to see this advert?

    • Jonty says:

      Whether it is nothing, eleventy gazillion pounds, or something in between, it’s a factual article not a recommendation. As with any other article on hfp, it’s written for reasonably savvy grown ups, who can decide whether it’s relevant to their own circumstances or not.

      • Keith says:

        Regardless, it reads more like a sales pitch than a factual article, which sadly is becoming the more and more often the norm here it seems. I used to love this blog, but recently it’s become more and more obvious that the content takes a back seat to what brings in the money / avios for the site owner. Shame.

        • Rob says:

          I am not allowed, under my FCA licensing, to have it sound anything like a sale pitch, which it isn’t. I reckon the last HFP article which you could argue was vaguely commercial was our special Billhop promo which was December 12th, which makes it 30 articles ago ….

          This is despite the fact that our overheads just to keep the lights on are £70k per year, primarily Anika’s salary and our office.

  • RichE says:

    O/T my BA Avios T-355 date is only a few days away now. What time and number is best to ring for the outbound flights and then the return (going to use companion voucher). The T-355 date falls on Xmas day – will i need to wait until boxing day? Thanks!

    • the real harry1 says:

      I think you can just book the outbound flight online in the normal way (at midnight UK) – the 2-4-1 voucher should pop up in your BAEC a/c

      it’s the return flight where you need to get on the phone