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It’s back – Get up to 80,000 Avios points 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, general investment account or ISA.

For every £1 invested you will receive one Avios, up to a maximum of 80,000 Avios, when you open an account with Nutmeg before 9th April 2018.

Full details are on the Nutmeg website here.

What is Nutmeg?

As I wrote back in December, 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.

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 2015, 2016 and 2017.  The company now has over £1 billion of assets under management and over 50,000 investors.

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?

SIPP:  for a pension, Nutmeg will award one Avios point per £1 on initial investments up to £80,000. You can invest more but the Avios reward is capped at 80,000 points.

ISA:  the maximum you are allowed to invest in an ISA this tax year is £20,000. You can invest more but anything you commit beyond £20,000 will be placed in a general investment account.

Please note that Avios points are not awarded for customers opening a Lifetime ISA.

The ISA limit for 2018/19 will be £20,000.  If you have already opened an ISA with someone else for 2017/18, 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 and funded before 8th April 2018.

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.

you receive Avios based on your INITIAL deposit only – if you deposit £20,000 in an ISA today and another £20,000 on 6th April for the new 2018/19 year, you will only receive 20,000 Avios

the offer is only open to new Nutmeg customers

When do I receive my Avios?

Your bonus can be credited to either an avios.com 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 18 months, Nutmeg reserves the right to withdraw approximately 1p per Avios awarded from the closing balance before returning funds.  The exact amounts are listed in the terms and conditions.

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.


How to earn Avios points from UK credit cards

How to earn Avios from UK credit cards (June 2022)

As a reminder, there are various ways of earning Avios points from UK credit cards.  Many cards also have generous sign-up bonuses!

In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards.

Until 18th July 2022 there is an astonishing special offer on these cards. You get 50,000 Avios on the Avios Plus Mastercard and 10,000 Avios on the free Avios Mastercard. You can apply here. We strongly recommend getting the Avios Plus card whilst this offer is running.

You qualify for the bonus on these cards even if you have a British Airways American Express card:

Barclaycard Avios Plus card

Barclaycard Avios Plus Mastercard

50,000 Avios for signing up (A CRAZY SPECIAL OFFER!) and an upgrade voucher for spending ….. Read our full review

Barclaycard Avios card

Barclaycard Avios Mastercard

10,000 Avios for signing up (SPECIAL OFFER) and an upgrade voucher for spending £20,000 Read our full review

There are two official British Airways American Express cards with attractive sign-up bonuses:

British Airways BA Premium Plus American Express Amex credit card

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable card perk – the 2-4-1 voucher Read our full review

British Airways BA Amex American Express card

British Airways American Express

5,000 Avios for signing up and an Economy 2-4-1 voucher for spending £12,000 Read our full review

You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points.

SPECIAL OFFER: The sign-up bonus on Amex Gold is increased from 20,000 Membership Rewards points to 30,000 Membership Rewards points until 19th July 2022. This card is free for the first year.

American Express Amex Gold

American Express Preferred Rewards Gold

Your best beginner’s card – 30,000 points, FREE for a year & two airport lounge passes Read our full review

American Express Platinum card Amex

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Run your own business?

We recommend Capital On Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card, along with a sign-up bonus worth 10,000 Avios.

Capital On Tap Business Rewards Visa

10,500 points bonus – the most generous Avios Visa for a limited company Read our full review

You should also consider the British Airways Accelerating Business credit card. This is open to sole traders as well as limited companies and has a 30,000 Avios sign-up bonus.

British Airways Accelerating Business American Express card

British Airways Accelerating Business American Express

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review

There are also generous bonuses on the two American Express Business cards, with the points converting at 1:1 into Avios. These cards are open to sole traders as well as limited companies.

Amex Platinum Business American Express

American Express Business Platinum

40,000 points sign-up bonus and a long list of travel benefits Read our full review

American Express Business Gold

20,000 points sign-up bonus and free for a year Read our full review

Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.

(Want to earn more Avios?  Click here to visit our home page for our latest articles on earning and spending your Avios points and click here to see how to earn more Avios this month from offers and promotions.)

Comments (52)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • phatbear says:

    given that virgin have now pulled the plug on existing customers getting any miles this could be the way forward.

    tad concerned i have to leave the money alone for 18months though also has anyone got any feedback on how well they have done in the last financial year with nutmeg.

    • Genghis says:

      Depends on fund and remember that past performance is no guarantee of future performance.

    • Frenske says:

      I did reasonable well last year, account says about +4% gain on a lump sum investment with regular contributions. So probably around +6% annualized.

    • JM says:

      On a 4/10 risk portfolio im 4.2% for 12 months, on a Higher risk 7/10 portfolio im 3.86% over about 8 months.
      This is after fees. Not terrible. Wouldnt have invested if it wasnt for last years avios deal though.

      In the recent market vol they have unperformed more professional outlets.

    • Peter says:

      Up 2.48% in a year on risk style 7/10 managed. Not great tbh

      • Frenske says:

        Lump sum or regular contributions? Compound interest on £250 monthly contribution with 5% interest results only perceived interest of 2.8% at the end of the year.

    • Ben E says:

      About 5% pa over the last 18 months. 6/10 rating with regular contributions

    • Renaud says:

      About 8% in 2017 in time-weighted returns on a 6/10 risk profile. The return quoted by Nutmeg is just the ratio of your gains vs the current value of your portfolio and doesn’t reflect your performance well if you make regular contributions (I started 2017 with a small portfolio and almost tripled its size through contributions across the year). So not that bad.
      2018 not starting great, took a -1.7% hit in Feb. Don’t know how it compares to other fund managers.

    • AspirationalFlyer says:

      I think the key point is that you need to compare performance against an appropriate benchmark rather than by itself. For example, a 5% return is not good if most FTSE tracker funds have delivered 10%. You also need to carefully consider management and withdrawal fees/conditions as they can seriously eat into your bottom line.

  • Go says:

    Do SIPP transfers count?

    • Rob says:

      Yes, but they do not actively promote it. You need to call and discuss.

  • Mike says:

    Is there any way to do ISA transfers? I’ve got enough in cash isas to fund the lot.

  • Rhi says:

    Just a note for anyone looking to do this – I opened an ISA last time they ran this offer (December) and have yet to receive the avios. I emailed last week and they said that the avios would be with me in “1 – 2 weeks”. Nothing as yet. I’ll stick another post on here if/when they do show up, or if it requires more emails.

    • Rob says:

      Drop me an email. Another teaser had an issue due to some IT issue and I got it fixed for them very quickly.

    • Ant says:

      Same with me – am currently chasing.

      • Rob says:

        Drop me a note with your account number and opening date and I will get it sorted.

  • Rob says:

    A few years ago I created a Nutmeg login account, but did not make any investments. I assume I am still eligible for this offer…? Just when I go to the Nutmeg Avios landing page, it tells me it recognises my email and to login..I will ring them and check!

  • david says:

    Sorry have I got this straight as per your post., So I invest 80k

    You will receive your Avios within 45 days of making your initial investment.

    After receiving I withdraw 80k

    Nutmeg reserves the right to withdraw approximately 1p per Avios awarded from the closing balance before returning funds. So in effect you get 80,000 avios for penalty of £800. That’s not poor return, right?!

    • AndyW says:

      I would say there are better ways to get avios for 1p that don’t put 80k of capital at risk

    • Anna says:

      Or you could wait till the next 50% bonus offer and just buy the avios for around the same price!

      • Roger I* says:

        Yes, but that way you’ve spent the money and have Avios.

        With the Nutmeg offer, you’ve spent the money, have the Avios and £xxx-worth of investment.

        I still have my 2017/18 USA allowance intact. I’m looking at 2x RFS awards (2.5x off-peak) as the potential inducement.

    • Frenske says:

      What happens when the market goes 1% down? Stock markets are too volatile for secure short term investments.

  • Stevie says:

    -4% on the 2/10.. all Avios gone, as well as additional money.. now scared to withdraw as they may charge me 1 p per Avios?

  • StewartR says:

    These returns being banded about above … are really poor. You should relieve any fund manager of their services if they’ve returned a negative out the market in the last 12 months – its been roaring!!!

    Some balance needs to be brought to the conversation.

    Choice:
    Invest with Fund Manager, get a few miles, put your capital at risk, in some cases lose money, in other cases fail to match inflation.
    OR
    Invest and get good real returns – and buy the avios when they next come on sale.

    If you are having to make yourself 7/10 risk profile (I assume 10 is max/adventurous) for 2.48% in 2017 … something is very wrong. You’ve lost money against inflation there.

This article is closed to new comments. Feel free to ask your question in the HfP forums.

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