Maximise your Avios, air miles and hotel points

Get up to 150,000 Avios when you open an ISA, SIPP or General Investment Account 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

With the end of the tax year approaching, Nutmeg has improved on its generous Avios offer for opening a pension, ISA or General Investment Account.

Invest between £500 and £19,999 and for every £1 invested you will receive one Avios

Invest between £20,000 and £100,000 and you will receive 1.5 Avios for every £1 invested

This means that with a £100,000 investment you will receive 150,000 Avios!

This Nutmeg offer runs until 7th April 2019. Full details are here.  This means that you can invest for either this tax year or the new one.

What is Nutmeg?

As I wrote back in October, when a similar offer last ran, Nutmeg is an innovative online wealth management service that 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, 2017 and 2018.

The company now has over £1.5 billion of assets under management and over 60,000 investors.

How much do I need to invest?

You can open an account with the minimum contribution for an ISA or General Investment Account (GIA) 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 £500 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, which runs to 5th April 2019, 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 are not awarded for customers opening a Lifetime ISA, 100% cash ISAs or 100% cash GIAs.

Why should I invest with Nutmeg?

In their own words: “We take the best elements of a high-end investing service, strip out the complexity and cost, and provide it to you online.”

How many Avios will I receive?

You will receive one Avios per £1 invested in a pension, ISA or GIA up to an investment of £19,999.

Invest between £20,000 and £100,000 and you will receive 1.5 Avios per £1 invested.

For example if you invest £10,000 you will get 10,000 Avios.  If you invest £20,000 you will get 30,000 Avios An investment of £50,000 will earn 75,000 Avios.  £100,000 will earn you 150,000 Avios.  You can invest more but the Avios reward is capped at 150,000 points.

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. This offer is valid for invested accounts opened and funded before 7th April 2019.

When do I receive my Avios?

Your bonus will be credited to your 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 24 months, Nutmeg reserves the right 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.

How to earn Avios points from UK credit cards

How to earn Avios from UK credit cards (October 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 with a bonus of up to 25,000 Avios. You can apply here.

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

25,000 Avios for signing up and an upgrade voucher for spending £10,000 Read our full review

Barclaycard Avios card

Barclaycard Avios Mastercard

5,000 Avios for signing up 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 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 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.

EDIT: Until 25th October 2022, there is an exceptionally generous sign-up bonus on The Platinum Card. You will receive 60,000 Membership Rewards points – double the usual amount – and £200 to spend at Amex Travel. You need to spend £6,000 within six months to earn the bonus.

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review

The Platinum Card from American Express

60,000 points (SPECIAL OFFER), £200 travel credit and unbeatable 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

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.

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.

Comments (109)

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

  • Mr D says:

    The Vanguard SIPP is coming out in a few months, I’d rather wait for that.

  • Clive says:

    Rob what about talking to someone like Fidelity in the UK for points as they do this in the US. Sign up Bonus or transfer in Bonus etc.

  • AndrewH says:

    Re Actually receiving the Avios from Nutmeg – in the comments , there are a few horror stories about waiting for avios when it should be within 45 days. Any other experiences ? Making an investment is one thing but tussling to get the avios is another. I found citibank a pain & inefficient so trying to avoid another tussle.

  • SammyJ says:

    I’ve got a pension (not final salary) from a company I worked for about 15 years ago with a fairly small amount in it – I think £20k-ish. Is it possible to transfer this to Nutmeg to take advantage of the Avios deal? Obviously I’d need to look into it further re costs, risks etc, but it’s doing nothing where it is! Clearly I know nothing about pensions and investments!

    • Doug M says:

      You’d need to ask the provider of the existing pension what the terms are for transferring out. But try to think of the pension as something to fund later life, not the source of a few Avios now. The Avios are not free, Nutmeg have to buy them, so their charges will have to reflect that cost. You can’t give financial advice in the comments of a page like this, but what is far more important than any Avios is making the best use of that pension between now and retirement.
      If you have credit card spend you can pick up thousands of Avios really easily from Amex, and churning a few cards. The methods are repeated over and over in these comments.

      • SammyJ says:

        Thanks, I was meaning more in terms of whether the transfer would count for the bonus, rather than jumping in with a cash investment. Whatever I do with it, there’s no guarantee that it would be better in one scheme or another, so if there’s a guaranteed short term gain then I’d happily take that – the pension is pretty much worthless as it is, I have a proper separate works pension as well as a final salary scheme from previous employment which I wouldn’t mess with, but I just wondered if it’s an option worth looking into or whether it’s a complete non-starter, not looking for any financial advice beyond terms of the bonus requirements.

        • Genghis says:

          I’ve spent the weekend reading Reset by David Sawyer, recommended by one of the comments further up. I practice quite a bit of the stuff in there anyway but for me it provided a good framework on how to structure your life and your investments. Take a look. I’ve got some things I need to action from it.

        • Shoestring says:

          Yes, you could move money from your existing pension to Nutmeg’s SIPP. But not overnight. And yes, it would appear it would qualify for Avios on this offer.

          £20K would be a lot easier than over £30K, depending on pension type. But you can forget 2018-19. You’d need to get information on transferring criteria from the pension administrators.

        • SammyJ says:

          So I looked into it further, and all seems to be good. As long as the transfer deadline is in before the 5th April the Avios will be paid. The transfer itself took about 5 minutes online, and I got an email a couple of days later confirming that the Avios deal had registered. Just waiting for the balance to show in the Nutmeg account, it has already left the old provider.

  • Mark says:

    Thinking of moving my SIPP from Hargreaves Lansdown to these guys, but why does it force me to make a minimum cash contribution of GBP500 as well as the transfer? Not a problem, but I just want to check that I will get Avios for the full transfer not just the additional subscription!

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

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