Investment platforms are competing to attract new customers by offering up to £2,000 cashback for opening or transferring an ISA or self-invested personal pension (SIPP).
Others are giving out cash for referring a friend, money to cover exit fees when switching from a competitor, or free trades.
A juicy cashback bonus could give your ISA or SIPP a big boost during the 2025/26 tax year. If you're thinking about where to invest your allowances, it makes sense to ensure you're with the best investment platform, and see if there's a special deal you can take advantage of when opening or transferring an account.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
There are plenty of ISA transfer offers for UK investors to choose from, as well as cashback bonuses for those moving or opening a pension.
When choosing an investment platform, remember to do your research to make sure you are happy with the fees, investment choice and customer service, and to carefully check the criteria of whether you're eligible for the cash bonus or perk.
Note that while the UK’s biggest investment platform, Hargreaves Lansdown, does not have any cashback deals at the moment, it is cutting its fees for anyone opening an account before 30 June.
We list the providers with stocks and shares ISA transfer offers and SIPP cashback deals available right now.
The best SIPP and ISA transfer offers
Interactive Investor – Up to £2,000 for transferring to its SIPP
Interactive Investor recently unveiled a new summer offer, paying between £100 and £2,000 cashback when you open a SIPP and deposit or transfer a minimum of £10,000.
You can make new contributions and/or transfer in other pensions. The more you add, the bigger your reward. The offer is open to new and existing customers, and will end on 30 June.
Once you’ve qualified for the offer, the cashback will be paid within 30 days.
Deposit / transfer value | Cashback |
£10,000 - £49,999 | £100 |
£50,000 - £199,999 | £250 |
£200,000 - £499,999 | £500 |
£500,000 - £999,999 | £1,000 |
£1 million + | £2,000 |
If you're an Interactive Investor customer, you can get a £200 reward when you refer a friend.
Your friend will also get their first year’s service plan, worth £120, for free. To qualify, your friend must transfer or fund their account with at least £5,000.
New customers can enjoy £100 towards their trading fees when they open an Interactive Investor ISA or trading account. That will pay for up to 25 trades. The offer ends on 30 June.
Charles Stanley Direct - Up to £1,500 cashback when you transfer ISAs and pensions
You can get up to £1,500 cashback if you transfer your cash and/or investments held with another provider to the Charles Stanley Direct Online Investing platform.
The amount of cashback you earn increases the more you transfer, and applies to general investment accounts, stocks & shares ISAs, Junior ISAs and SIPPs.
This is an ongoing offer with no end date. You need to transfer at least £20,000 to qualify for any cashback. If you move over £200,000 or more, you'll get the maximum £1,500 bonus plus a six-month fee waiver.
The money must be held with Charles Stanley Direct for at least a year; the cashback payment will then be made within 30 days of the end of the 12-month period.
Transfer-in value | Cashback payable |
|---|---|
Less than £20,000 | Not eligible for cashback |
£20,000 - £49,999 | £300 |
£50,000 - £99,999 | £600 |
£100,000 - £199,999 | £1,000 |
£200,000 or more | £1,500 plus six-month fee waiver |
Charles Stanley Direct’s customers can also earn between £100 and £1,000 when they refer friends and family to the investment platform.
Similar to the cashback payment outlined above, at least £20,000 must be transferred by the friend or family member, and to qualify for the top amount £200,000 or more must be transferred.
Anyone referred has to be over the age of 18, a resident of the UK and not already an existing client of Charles Stanley. There is no limit to the number of referrals that clients can make.
Wealthify – Up to £500 when you transfer an ISA
New and existing customers who transfer or deposit money into a Wealthify Investment ISA can get up to £500 in cashback.
The minimum deposit or transfer value is £5,000, which will attract £50 cashback. The maximum £500 cashback is paid to values of £70,000 or more.
The offer is open for registration until 30 June 2025. Customers will need to remain invested for 18 months following the date of registration; the cashback is then paid within 30 days.
Deposit / transfer value | Cashback |
|---|---|
£5,000 to £10,000 | £50 |
Over £10,000 | £100 |
Over £20,000 | £150 |
Over £30,000 | £250 |
Over £40,000 | £350 |
Over £50,000 | £400 |
Over £70,000 | £500 |
Fidelity - Up to £500 towards transfer fees
Fidelity will reimburse any exit or redemption fees charged to a customer by their former provider when moving their ISAs, pensions, investment accounts, or junior accounts to the platform, up to a maximum amount of £500 per customer. The minimum transfer is £100.
Where a re-registration or transfer is not possible and the customer chooses to sell their investments held through another provider and subsequently make new investments through Fidelity, the platform will also cover up to £500 of fees. This is based on a minimum £10,000 investment though.
Claims for this money must be made within six months from the date of transfer.
AJ Bell – Up to £500 towards transfer costs
AJ Bell will cover the costs when transferring a pension, ISA or dealing account. It will pay up to £35 per investment moved and up to £100 for general exit fees, up to an overall maximum of £500 per person.
To be eligible, the account being transferred must be valued at £20,000 or more.
Once you make the transfer, you need to write to the platform with documentation. You’ll receive the money back within 28 working days.
You must keep the transferred funds in your account for at least 12 months or the money could be reclaimed.
InvestEngine - Up to £200 referral bonus
InvestEngine’s customers can get between £20 and £100 when they recommend a friend and the friend invests at least £100. The friend will also receive the bonus.
If you refer someone to a Business Account, the bonus is increased to between £100 and £200.
Customers can refer up to 25 friends. You must keep your bonus invested for at least 12 months before you can withdraw it.
Things to consider when transferring an ISA
You can transfer your ISA from one provider to another at any time, either to a different type of ISA or the same type of ISA.
Before 6 April last year, if you wanted to transfer your money to another ISA provider, it would have had to be the full amount. But now, new ISA rules mean you have the flexibility to choose to move some or all of the funds.
To transfer your ISA, simply contact your provider and fill out the transfer form to move your account.
If you withdraw the money without doing this, it will lose its tax-free status, so make sure you’re following the correct process. Transfers typically take anywhere between 15 to 30 days.
Check there is no charge to transfer your current ISA, as well as your new provider’s fees, to make sure it makes sense to move your money. If the new provider’s fees are higher, then it might be worth sticking with your current provider.
Equally, if the transfer fee would eat into your savings (and you can't reclaim this from the new platform), it might not be worth it.
-
Trouble brews in B&M as bargain shops take a hitOpinion Once a stock market darling, B&M's share price has slumped. What has gone wrong for bargain shops?
-
US and China reach a ceasefire in their trade war after talks in LondonThe US and China's trading relationship – the most important one in the global economy – is back on track. Will the truce last?
-
Act now to bag NatWest-owned Ulster Bank's 5.2% easy access savings accountUlster Bank is offering savers the chance to earn 5.2% on their cash savings, but you need to act fast as easy access rates are falling. We have all the details
-
Moneybox raises market-leading cash ISA to 5%Savings and investing app MoneyBox has boosted the rate on its cash ISA again, hiking it from 4.75% to 5% making it one of top rates. We have all the details.
-
October NS&I Premium Bonds winners - check now to see what you wonNS&I Premium Bonds holders can check now to see if they have won a prize this month. We explain how to check your premium bonds
-
Bank of Baroda closes doors to UK retail bankingAfter almost 70 years of operating in the UK, one of India’s largest bank is shutting up shop in the UK retail banking market. We explain everything you need to know if you have savings or a current account with Bank of Baroda
-
How to earn cashback on spendingFrom credit cards and current accounts to cashback websites, there are plenty of ways to earn cashback on the money you spend
-
John Lewis mulls buy now, pay later schemeThe CEO of John Lewis has said the retailer will consider introducing buy now, pay later initiatives for lower-priced items.
-
Paragon raises rate on one-year fixed cash ISA to 5.75%Paragon Bank ups its one-year fixed cash ISA rate to 5.75% - is it enough to top the table?
-
Shawbrook ups rate again on easy access saver products – how does it compare?Shawbrook bank has hiked the rates on its easy access saver and ISA again – but does it compete with other rates on the market?
