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
Nutmeg has brought back 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!
What is Nutmeg?
Nutmeg promotes itself as an innovative online wealth management service that build sophisticated global investment portfolios for anybody with just £500 to invest. The strategy is that Nutmeg uses technology to keep costs low and help boost your returns.
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, 2018 and 2019.
The company now has over £1.7 billion of assets under management and over 70,000 investors.
How much do I need to invest?
You can open an account with the minimum contribution for an ISA, General Investment Account (GIA) or pension of just £500.
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 2020, 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 of course 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 13th October 2019.
Any half Avios will be rounded up to the nearest full Avios!
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.
More information can be found in the terms and conditions on the Avios landing page.
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. Tax treatments apply.