How to get an ISA and SIPP cashback bonus
Here are the best pension and ISA transfer offers, with some providers giving away as much as £2,000 in cashback for transferring an account
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Investment platforms are competing to attract new customers by offering cashback for opening or transferring an ISA or self-invested personal pension (SIPP).
Others are giving out cash or vouchers for referring a friend, money to cover exit fees when switching from a competitor, or free trades.
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The best SIPP and ISA transfer offers
Fidelity
Fidelity offers cashback of between £300 and £3,000 when you transfer or deposit at least £50,000 into one of their SIPPs or stocks and shares ISAs before 5 April 2026.
To qualify, you must complete a transfer of SIPP/ISA assets from another provider to Fidelity Personal Investing, and/or deposit a lump sum into a new or existing Fidelity SIPP or ISA.
The amount of cashback you will get increases with the amount you transfer. For the minimum £300 cashback you must pay in at least £50,000. For the maximum £3,000 cashback, you must pay in £1 million or more.
Cashback payments will be paid to your Cash Management Account (CMA) within 90 days following closure of the offer (5 April 2026).
Save up to £500 on transfer fees
Fidelity will pay up to £500 of your transfer fees when you switch to a Fidelity ISA, SIPP, or general investment account.
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.
Claims must be made within six months from the date of transfer.
Charles Stanley Direct
Earn up to £1,500 cashback when you transfer ISAs and pensions to Charles Stanley Direct.
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.
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 |
You can get a bonus if you refer a friend or family member to the Charles Stanley Direct platform, depending on how much money they transfer.
The firm offers £250 if you refer a friend or family member and they transfer more than £20,000 into their new Charles Stanley Direct account.
The person you refer will then get the transfer bonus as detailed above, earning between £300 and £1,500 depending on the amount of money they transfer, so long as they transfer at least £20,000 within three months of registration and hold their cash or investments there for at least nine months.
To be able to refer friends to Charles Stanley Direct, you need to hold at least £1,000 of cash or investments with the platform.
IG
Earn up to £3,000 when you transfer your investments to IG.
IG will give you 1% cashback on the value of the investments you transfer to one of the trading platform’s ISAs, SIPPs, or General Investment Accounts, up to a maximum of £3,000.
You have to use the code “TRANS3K” in order to claim the cashback.
The offer is valid for new IG customers only, and you must complete an electronic transfer of your existing investments using IG’s transfer forms before 5 April 2026.
There is no fee for an electronic share transfer, but physical share certificates carry a £100 fee per certificate. IG notes that you may be out of the market while the transfer completes.
AJ Bell
Get up to £500 towards transfer costs when switching to AJ Bell.
AJ Bell will cover the costs when transferring a SIPP, 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
You can get up to £3,000 when you switch your SIPP to interactive investor (ii).
When you transfer your pension to ii, you can get between £100 and £3,000 in cashback, scaling up with the amount you are transferring.
To get the minimum £100 cashback, you will need to deposit or transfer at least £20,000, and to get the maximum £3,000, you will need to deposit or transfer at least £2 million.
The offer is only available to new customers who open a SIPP, or existing ii customers who do not have a SIPP open with the platform. The offer ends on 28 February 2026.
Once a minimum of £20,000 has been transferred to ii, you will get your cashback within 30 days.
InvestEngine
Earn a bonus of up to £200 when you refer someone to InvestEngine.
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.
Referral bonuses for both normal and business accounts are randomly generated. The probability tables can be seen below.
Referral Funding | Business Referral Funding | Probability |
£72–£100 | £180–£200 | 5% |
£26–£40 | £112–£140 | 20% |
£20–£24 | £100–£110 | 75% |
Source: InvestEngine
Customers can refer up to 25 friends. You must keep your bonus invested for at least 12 months before you can withdraw it.
Freetrade
Freetrade offers up 1% cashback up to £5,000 when you contribute to an ISA or SIPP.
Both new and existing Freetrade customers can get the cashback, and the deal runs until 5 April 2026.
To redeem the offer, customers must transfer at least £10,000 to a Freetrade SIPP or ISA. This can either be a top up or a transfer in from another provider.
If you successfully complete the transfer, you will receive the cashback by 5 December 2026.
The deal can be used individually for ISAs and SIPPs, meaning you can get a total of up to £10,000 from the platform if you contribute £500,000 to both your ISA and SIPP.
If you withdraw or transfer any money out of your Freetrade account, causing the balance to fall before the cashback is paid, then the lower value of your account will be used to determine how much cashback you get.
Moneyfarm
Wealth management platform Moneyfarm has launched a new cashback deal worth up to £1,000.
To claim the offer you must first sign up to the deal through Moneyfarm’s website by 15 April.
You will then need to invest or request a transfer into a stocks and shares ISA, junior ISA, or General Investment Account by 30 April 2026. Your transfer must be fully complete by 31 May 2026.
You can earn between £50 and £1,000 cashback depending on the amount of money you invest or transfer into a qualifying account.
Minimum investment | Cashback earned |
£5,000 to £9,999 | £50 |
£10,000 to £19,999 | £100 |
£20,000 to £49,999 | £200 |
£50,000 to £99,999 | £500 |
£100,000 + | £1,000 |
Source: Moneyfarm
Cashback worth between £50 and £1,000 will be paid by 15 July 2026, with a 24 month holding period. Internal transfers from existing Moneyfarm Cash ISA clients also qualify.
J.P. Morgan Personal Investing (formerly Nutmeg)
Earn cashback up to £2,500 when you transfer £5,000 or more from your current ISAs, pensions, Lifetime ISAs, Junior ISAs or Child Trust Funds to J.P Morgan Personal Investing.
The minimum cashback available is £50 when you transfer £5,000, and the offer scales up to £2,500 cashback when you transfer £250,000.
To claim the offer, you must register for it on J.P Morgan Personal Investing’s website, open an account with the provider if you don’t already have one, initiate your transfer by 8 May 2026, and stay invested until at least 8 May 2027.
If you are eligible, you will receive your cashback reward within 60 days of 8 May 2027.
The cashback can also be given to you in Avios points. If you would rather be given these, you must register for the deal and provide your British Airways Club Membership number.
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 2024, if you wanted to transfer your money to another ISA provider, it would have had to be the full amount. But now, new multiple 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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