Receive between 2,500 and 300,000 Avios (or a cash investment boost) with Nutmeg’s pension transfer offer
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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 start a transfer of at least £5,000 from existing pensions to Nutmeg by 30th November 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 diverse investment portfolios, using technology to help keep charges low.
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 reward tiers and it is important to note that the reward you will receive will be based on the total value of all completed pension transfers. If you make more than one pension 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 pensions from other providers to Nutmeg during the promotional period. This offer can’t be used together with any other Nutmeg offer unless otherwise specified.
To qualify, the total combined value of all pension transfers must be at least £5,000. You can transfer less than this, but you will not receive Avios or an investment boost.
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.
Which products are included in the offer?
This offer is specifically for pension transfers.
You are still able to apply for this pension transfer offer if you have already applied for the Nutmeg ISA Transfer offer, but you must register for this offer separately, and the offers cannot be combined.
Nutmeg offers four 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 with less intervention by 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.
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 account number into the application form at this stage.
Once you have input your email address, British Airways Executive Club 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 30th November 2024 to initiate your transfers.
You will receive your reward within six months of initiating your product transfers. If the pension transfer is 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.
Pension transfers initiated before the promotion ends will be eligible. The transfer does not necessarily have to complete by the offer end date.
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. Pension eligibility and tax rules apply. Before you transfer, check you won’t lose any guarantees or benefits and that you know what charges you may incur. During any transfer, your investments will be out of the market. If you are unsure if a pension is right for you, please seek financial advice.
The offer ends at 23:59 on 30th November 2024. You can register here.
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