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 final reminder that you only have a few more days left to take advantage of Nutmeg’s generous Avios offer.
Nutmeg is currently giving you the opportunity to collect up to 300,000 Avios to save towards your future trips away – but only if you invest before midnight (23:59) on 10th December 2020.
If you’re planning a long-awaited escape, this could offer you a nice opportunity to top up your Avios account. Invest between £500 and £19,999 and for every £1 invested you’ll receive one Avios. Invest between £20,000 and £200,000 and you’ll receive 1.5 Avios for every £1 invested. This means that a £200,000 investment earns you 300,000 Avios.
Full details of the offer can be found here.
As a reminder, there are two new Nutmeg products on offer in 2020:
- Junior ISA (a stocks and shares ISA for a child under 18, with an annual contributions limit of up to £9,000 per year. To invest in a Nutmeg Junior ISA your child must be under the age of 16. Junior ISA rules apply)
- Lifetime ISA (a stocks and share ISA which can be opened by anyone aged 18 to 39, the government will top up contributions into a Lifetime ISA by 25% up to the maximum annual contributions limit of £4,000, meaning the maximum annual government bonus is £1,000. The money can be withdrawn to fund the purchase of your first home or when you turn 60. Lifetime ISA rules apply.)
The usual products offered by Nutmeg are also available – a stocks and share ISA, pension plans and a General Investment Account.
Nutmeg recently launched a brand-new investment style to sit alongside its current fully managed, socially responsible and fixed allocation offerings. Smart Alpha portfolios, powered by JP Morgan Asset Management, are a range of investment portfolios which sit at the intersection of passive and active management. They let you benefit from JP Morgan Asset Management’s market insights and deep research expertise, while maintaining the same level of transparency and control seen across all Nutmeg investment styles.
Smart Alpha portfolios are available for ISA, General Investment Accounts, Lifetime ISA and Junior ISA products.
What is Nutmeg?
Nutmeg is an innovative online wealth management service that builds and manages sophisticated global investment portfolios for anyone looking to invest as little as £500. 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. Users can view all of their investments and their returns using the app, or via their website.
YourMoney voted Nutmeg the ‘Best Online Stocks and Shares ISA Provider’ for 2015, 2016, 2017, 2018 and 2019 and the company is rated ‘Great’ on Trustpilot.
Customers can select any one out of three investment styles and adjust their risk level as they see fit. Nutmeg offers a choice of socially responsible investing across all of their products.
The company is the first, and the largest, digital wealth manager in the UK (Source: Boring Money Online Investing Report 2020) and now manages over £2 billion on behalf of over 100,000 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.
For a Lifetime ISA or Junior ISA, whilst the minimum investment amount for these products is £100, you will also need to invest a minimum of £500 to be eligible for this promotion.
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 2021, is £20,000. You can invest more but anything you commit beyond £20,000 will be placed in a General Investment Account. In addition you can also put up to £9,000 this tax year into a Junior ISA on behalf of your child. This will not affect your personal ISA allowance!
Alternatively, you can transfer ISAs from previous tax years or old pensions of any size above £500, and you will still qualify for the promotion.
Please note: Avios are not awarded for customers opening ISAs which are 100% invested in cash or GIAs which are 100% invested in cash
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 excessive cost, and provide it to you online. Let our team of investment experts look after your money and see how your portfolios are performing any time of the day via android and iOS apps.”
How many Avios will I receive?
You will receive one Avios per £1 invested in a pension, ISA, GIA, Lifetime ISA or Junior ISA up to an investment of £19,999.
Invest between £20,000 and £150,000 and you will receive one and a half Avios per £1 invested.
For example, if you invest £10,000 you’ll receive 10,000 Avios. Invest £20,000 and you’ll receive 30,000 Avios.
You can of course invest more, but the Avios reward is capped at 300,000 points.
It’s important to note that the offer is only open to new Nutmeg customers – defined as someone who has not previously invested with Nutmeg. This offer is valid for invested accounts opened and funded before midnight (23:59) on 10th December 2020. ISA, Pension and Junior ISA or Child Trust Fund transfers initiated before the deadline also qualify. Any half Avios awarded will be rounded up to the nearest full Avios.
When do I receive my Avios?
Your bonus Avios 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 within 24 months of opening your account, which takes your account balance below your initial invested amount, Nutmeg reserves the right to withdraw a cash amount from the closing balance, this deduction is linked to the amount you initially invested. You can see the full table of deductions in the terms and conditions.
How do I apply?
You need to sign up and invest via this special landing page to earn Avios. Remember, you will need a valid British Airways Executive Club account in order to receive your Avios. Applications via the standard Nutmeg home page will not earn any Avios.
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.
How to earn Avios from UK credit cards (October 2021)
As a reminder, there are various ways of earning Avios points from UK credit cards. Many cards also have generous sign-up bonuses!
There are two official British Airways American Express cards. Both have increased sign-up bonuses until 2nd November 2021:
You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points, such as:
The 30,000 points bonus on Amex Gold runs to 9th November 2021. The 60,000 points bonus on The Platinum Card runs to 2nd November 2021.
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:
You should also consider the British Airways Accelerating Business credit card. This is open to sole traders as well as limited companies. This card has a limited time offer of 60,000 Avios when you sign up:
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.)