Receive between 2,500 and 300,000 Avios (or cash) with Nutmeg’s ISA transfer offer

This is an advertisement for Nutmeg Saving and Investment Limited (“Nutmeg”). Nutmeg has agreed to pay the publisher an award for new clients 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. Approved by Nutmeg on 6th August 2024.

Nutmeg is offering you the chance to receive between 2,500 and 300,000 Avios (or a Cash Investment Boost of between £25 and £3,000) when you transfer an ISA, Lifetime ISA, Junior ISA or Child Trust Fund to Nutmeg before 25th September 2024.

This offer is available for those aged 18+ and UK residents only. Terms and Conditions apply.

Nutmeg is a digital wealth manager and part of the J.P. Morgan Chase family, that builds and manages global investment portfolios, using technology to help keep charges low.

You can start investing with Nutmeg for as little as £500 in an ISA or £100 in a Lifetime ISA or Junior ISA although to take advantage of this offer the total value of your transfers must exceed £5,000.

The Avios collection and Cash Boost tiers are linked to how much you transfer during the promotion, resulting in a maximum reward of 300,000 Avios or £3,000.

How the offer works

There are nine rewards tiers and it is important to note that the reward you will receive will be based on the total value of all completed transfers. If you make more than one transfer your reward will be based on the combined amount.

You will receive either the Cash Investment Boost or the Avios and not both. You can choose between the Cash Investment Boost or Avios reward when you fill in your offer registration.

Here is the tiered earning structure:

Transfer Value	Investment Boost Reward	Avios Reward
£300,000+	£3,000	300,000
£200,000 – £299,999	£2,000	200,000
£150,000 – £199,999	£1,500	150,000
£100,000 – £149,999	£1,000	100,000
£50,000 – £99,999	£500	50,000
£30,000 – £49,999	£200	20,000
£25,000 – £29,999	£150	15,000
£10,000 – £24,999	£50	5,000
£5,000 – £9,999	£25	2,500

A Cash Investment Boost is paid into your Nutmeg account as unallocated cash, which you can allocate to an investment pot of your choice. You can also choose to withdraw the Investment Boost if you wish.

How much can I transfer?

The offer is open to new and existing customers who initiate transfers of ISAs, Junior ISAs, Child Trust Funds or Lifetime ISAs from other providers to Nutmeg during the promotional period. This offer can’t be used together with any other Nutmeg offer. However, if you joined Nutmeg with a fee-free offer before 25th June 2024 and you’re still in your fee-free period, then you can earn a reward for transferring.

To qualify, the total combined value of all transfers must be at least £5,000. You can transfer less than this, but you will not receive Avios or an Investment Boost reward. The minimum investment amount for Nutmeg products is £500 for stocks & shares ISAs or £100 for Lifetime and Junior ISAs. (Note that Nutmeg does not itself offer a cash ISA product).

There is no upper limit to the amount you can transfer, but the maximum Avios reward you can receive is 300,000, and the maximum Cash Investment Boost you can get is £3,000, when you transfer a total of £300,000 or more.

It is worth noting the maximum amount you can invest in a new stocks and shares ISA in the current tax year (which ends on 5th April 2025) is £20,000. Anything invested above the £20,000 limit will be placed in a general investment account and may be subject to tax. In addition to your personal ISA allowance, the annual allowance for a Junior ISA for the current tax year is £9,000 per child. Transferring an existing ISA during a tax year does not count as opening a new one.

A Cash Investment Boost or Avios are not awarded for customers transferring to a 100% cash pot. The Avios you receive will be based on the total amount of any ISAs, Lifetime ISAs, Junior ISAs or Child Trust Funds you transfer during the promotional period.

The offer is only available to UK residents over 18 years old.

Which products are included in the offer?

The offer includes transferring both cash and stocks and shares ISAs, Lifetime ISAs and Junior ISAs or Child Trust Funds.

Nutmeg offers five investment styles to pick from:

• Fully Managed – These portfolios are proactively managed by Nutmeg’s experienced investment team who make strategic adjustments to try and mitigate against losses and boost returns.

• Smart Alpha Portfolios powered by J.P. Morgan Asset Management – Smart Alpha portfolios combine Nutmeg’s core investment principles, ETF and fractional investment expertise, with the in-house, multi-asset knowledge and experience of one of the world’s leading investment houses.

• Socially Responsible – Like the Fully Managed style, these portfolios are proactively managed by Nutmeg’s investment team and place an emphasis on investments in companies and bond issuers that take into account certain environmental, social and governance considerations.

• Fixed Allocation – These portfolios are designed to perform without the intervention of Nutmeg’s investment team. The portfolios are automatically rebalanced to ensure your investments match your risk level, but the assets will only be reviewed once a year to make sure they’re still right for you.

• Thematic – This approach invests in the trends shaping our future. Globally diversified portfolios can be managed to the individual’s risk appetite and tilted towards one of Nutmeg’s future-focused themes.

Nutmeg’s latest awards

Nutmeg is well-respected by the investment industry and consistently wins awards for its products and services.

Some of the most recent accolades include the Your Money Investment Awards 2024 for Best Investment Platform for User Experience, Boring Money Best Buy Awards 2024 for Best Buy ISA, Best Buy LISA, Best for Customer Service and Best Value for Money. Additionally, it has been awarded ‘Best European Digital Wealth Platform Using ETFs’ in the ETF Express Europe 2024 awards.

How do I apply?

You must register for the offer by completing this application form.

If you wish to receive the Avios reward, make sure you have a British Airways Executive Club account before you apply, as you will need to input your BAEC number into the application form at this stage.

Once you have input your email address, BAEC number and ticked to say if you are an existing Nutmeg customer, you click ‘Get started’. You will then be prompted to either log in (if you are already a Nutmeg customer) or to create an account.

Once you’re in your dashboard, just click ‘Transfers’ on the left-hand side. You have until the end of the day on 25th September 2024 to initiate your transfers.

You will receive your reward within six months of initiating your product transfers. If it’s still in progress after six months, you’ll get your reward within sixty days once the transfer is complete.You can see the full list of terms and conditions here.

ISA, Junior ISA, Child Trust Fund and Lifetime ISA transfers initiated before the promotion ends will be eligible. The transfer does not necessarily have to complete by the offer end date. Please note that Lifetime ISA transfers in can only be initiated on the Nutmeg website, and not via the app.

Remember, as with all investing, 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 treatment depends on your individual circumstances and may be subject to change in the future. ISA, Lifetime ISA and Junior ISA rules apply. Thematic investing carries specific risks and is not for everyone. If you are unsure if any of these products are the right choice for you, please seek financial advice.

The offer ends at 23:59 on 25th September 2024. You can apply here.