Here are the best pension and ISA transfer offers, with some providers giving away as much as £2,000 in cashback for opening or transferring an account
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.
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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.
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. It was due to finish on 30 June, but has now been extended to 31 July.
Once you’ve qualified for the offer, the cashback will be paid within 30 days.
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 31 July.
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 and 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.
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.
Weathify – Up to £1,000 for transferring to its pension
Wealthify is offering new and existing customers up to £1,000 for transferring old pension pots across to its personal pension.
You’ll need to move at least £5,000, to qualify for the minimum £50 cashback. Those transferring in £100,000 or more will receive the maximum £1,000.
The offer is open for registration until 31 July 2025, but you'll have six months to start your pension transfer(s).
Customers will need to remain invested for 18 months following the date of registration; the cashback is then paid within 30 days.
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 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’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.
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Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.
She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times.
A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service.
Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.
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