Investment platforms are competing to attract new customers by offering up to £5,000 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 running prize draws.
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.
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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.
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
Nutmeg - Up to £5,000 cashback when you transfer ISAs and pensions
The UK's biggest digital wealth manager is offering 1% cashback when at least £10,000 is transferred from existing ISAs, pensions and/or child trust funds (CTFs).
Those transferring £10,000 will receive £100 in cashback, while those moving £500,000 or more will earn the maximum amount of £5,000.
Stocks and shares ISAs, cash ISAs, lifetime ISAs, junior ISAs, CTFs and pensions can all be transferred to Nutmeg.
The transfer(s) must be initiated by 30 May 2025, and customers must stay with Nutmeg until at least 30 May 2026. The cashback will then be paid by the end of June next year.
The offer is open to new and existing customers.
InvestEngine – Up to £4,000 cashback for transferring an ISA
InvestEngine is offering customers a bonus of up to £4,000 when they transfer their ISA. The platform will also count any contributions customers make to an InvestEngine SIPP when calculating their bonus. For new customers, InvestEngine will include ISA contributions as well.
To qualify for the maximum £4,000, you'll need to transfer and/or top your account with at least £3 million. The smallest bonus is £50, for those investing at least £12,000.
The offer runs until 31 May 2025. The bonus will be added to your account in June 2025, and you must remain invested for a minimum of 12 months from the date your bonus is paid to keep the money.
Amount transferred / paid in | Bonus |
|---|---|
£12,000 - £24,999 | £50 |
£25,000 - £99,999 | £150 |
£100,000 - £249,999 | £300 |
£250,000 - £499,999 | £550 |
£500,000 - £1,249,999 | £1,100 |
£1,250,000 - £2,999,999 | £3,500 |
£3,000,000 or more | £4,000 |
InvestEngine’s customers can also 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.
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 |
Santander - Cash prize draw for stocks and shares ISA customers
Santander is running three monthly prize draws for new and existing customers who invest in a stocks and shares ISA between 18 February and 31 May 2025.
The prize draws give customers an opportunity to win 150 prizes, with a total prize pool of £30,000. For each draw, there will be two lots of £1,000 prizes on offer, eight £500 prizes and 40 £100 prizes.
To qualify for automatic entry into the prize draws, customers need to invest a lump sum of at least £100, or have a regular monthly Direct Debit of £20 or more. Investments can be made through the Santander Investment Hub, via the Santander Digital Investment Adviser, or through a Santander Financial Planning Adviser.
Each multiple of £20 invested counts as one entry, with a maximum of 1,000 entries per account (up to £20,000).
Winners will be randomly selected for the May, June and July draws, and have their prize paid into their Santander Cash Only Account within 28 days of accepting the prize.
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.
Interactive Investor – £200 referral bonus
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.
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.
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