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Investors can give their Isa and Sipp accounts a new year boost by making the most of cashback deals to shift money to a new investment platform
While it’s important to choose the right investment platform for your circumstances rather than just to grab a quick bit of cashback, these special offers can give a nice little bump to your portfolio’s value.
Hargreaves Lansdown* is offering This is Money readers an exclusive deal to give £100 cashback to those opening a stocks and shares Isa account on the platform and depositing at least £10,000. To access HL’s cashback use this link*.
Meanwhile, Interactive Investor* is promising cashback of between £100 and £3,000 when you open a self-invested personal pension and pay money in or transfer your pot. To access ii’s offer use this link*.
Fidelity* is also offering Isa, Sipp and investment cashback of between £500 and £2,500 on transfers.
![Isa boost: Making use of special offers could let you boost your Isa or Sipp ahead of the end of the tax year](https://i.dailymail.co.uk/1s/2025/01/20/13/94294231-0-image-a-26_1737379272962.jpg)
Isa boost: Making use of special offers could let you boost your Isa or Sipp ahead of the end of the tax year
How the offers stack up
Hargreaves Lansdown’s cashback offer* will see new customers get paid £100 into a loyalty bonus account within a month of the end of the minimum investment period.
The offer is set to run until 20th February, and investors must deposit £10,000 into their account within 60 calendar days after they open the account.
At least £10,000 must be held in the account for at least six months after the Isa was opened, and they must also keep the Isa open for at least seven months.
The deal is only open to new HL customers.
Interactive Investor’s Sipp deal*, offers between £100 and £3,000 in cashback depending on the amount of money invested or transferred.
In order to receive £100 in cashback, customers must add at least £10,000 to their account.
The amount of cashback available is then tiered up to a maximum of £3,000, which requires a sum of £2million to be added to an ii Sipp.
The ii Sipp offer will run until 31 January, and customers must hold their funds in the Sipp for at least 12 months in order to receive the cashback, which will be paid within 30 days of doing so.
Funding amount or transfer pot | Cashback |
---|---|
£10,000 – £99,999.99 | £100 |
£100,000 – £249,999.99 | £250 |
£250,000 – £499,999.99 | £500 |
£500,000 – £999,999.99 | £800 |
£1,000,000 – £1,499,999.99 | £1,000 |
£1,500,000 – £1,999,999.99 | £2,000 |
£2,000,000 + | £3,000 |
Source: Interactive Investor |
Interactive Investor is also offering £100 worth of free trades for those signing up to its stocks and shares Isa* and its general investing account*.
This is equivalent to 25 free trades, which users will have access to until 31 December this year.
There is no minimum deposit needed to qualify for Interactive Investor’s offer.
There is a similar deal for ii’s general investment account*.
Like ii’s Sipp deal, Fidelity offers a Sipp cashback deal* giving customers up to £2,500 back when they transfer an account.
To qualify for the maximum £2,500 cahsback, however, investors must transfer £1million or more.
Investors must transfer £50,000 minimum to qualify for £500 cashback.
The deal is also available on Fidelity’s stocks and shares Isa* and its general investing account*.
Fidelity’s deals are available until 1 April.
Transfer pot | Cashback |
---|---|
£50,000 – £74,999 | £500 |
£750,000 – £99,999 | £750 |
£100,000 – £249,999 | £1,000 |
£250,000 – £499,999 | £1,250 |
£500,000 – £749,999 | £1,500 |
£750,000 – £999,999 | £1,750 |
£1,000,000 + | £2,500 |
Source: Fidelity |
How do the platforms’ fees compare?
Hargreaves Lansdown charges a 0.45 per cent platform fee. This is charged in full on fund holdings but for share, investment trust and ETF holdings the fee is capped at £45 annually.
Fund dealing is free but it charges £11.95 for share, investment trust and ETF dealing. Regular investing is free.
Interactive Investor has a subscription-based platform, with a £4.99 monthly charge for investors with less than £50,000 in their pot, but a charge of £11.99 per month for those over the £5,000 threshold.
There is an extra charge of £10 per month for Sipp accounts, delivering a £21.99 a month or £267 per year.
Fund, share, investment trust and ETF dealing all cost £3.99, while regular investing is free.
Fidelity charges £7.50 per month up to £25,000, or 0.35 per cent for a regular savings plan.
It also charges £7.50 for fund, share and trust dealing, and £1.50 for regular share, trust and ETF investing. Fund investing is free.
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