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It’s back: Get up to 50,000 Avios for investing with Nutmeg

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This is an advertisement for Nutmeg Saving and Investment Limited (“Nutmeg”). Nutmeg has agreed to pay the publisher an award for new customers acquired via the promotion of its services on this site.  Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points.  Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority

Wealth management group Nutmeg has brought back its generous Avios offer for opening a pension or ISA.

If you didn’t get around to opening an account back in April when this offer last ran, you might want to look at the deal now.

For every £1 invested you will receive one Avios, up to a maximum of 50,000 Avios, when you open an account with Nutmeg before 24th December 2017.

Full details can be found on the Nutmeg website here.

What is Nutmeg?

As I wrote back in April when this offer last ran Nutmeg is an innovative online wealth management service which offers intelligent investment portfolios to anybody with just £500 to invest with additional monthly contributions of at least £100. If you are currently using St James’s Place, Hargreaves Lansdown etc then the simple Nutmeg annual fee structure of 0.25% to 0.75% should be of interest.

Your money will be invested in what the company calls a robust, diversified portfolio that spreads risk across asset classes, geographies and industries. YourMoney voted Nutmeg the best online Stocks and Shares ISA provider for both 2015 and 2016.

If you read the Financial Times this weekend you will have seen a profile on Nutmeg in FT Money.  The company now has over £1 billion of assets under management and has doubled its customer numbers over the course of 2017.

How much do I need to invest?

You can open an account with the minimum contribution for an ISA of just £500 as long as you make additional monthly contributions by direct debit of at least £100. You can also make an initial lump sum contribution of £5,000 or more with no direct debit contributions required. For those opening a pension the minimum is £5,000 with no direct debit contribution required.

What is the maximum I can invest?

The maximum you are allowed to invest in an ISA this tax year is £20,000. You can invest more – Nutmeg will give you one Avios point per £1 on initial investments of up to £50,000, which would earn you 50,000 Avios – but anything you commit beyond £20,000 will be placed in a general investment account.

For a pension, Nutmeg will award one Avios point per £1 on initial investments up to £50,000.  You can invest more but the Avios reward is capped at 50,000 points.

This offer is valid for invested accounts opened by 17th December 2017.

How many Avios will I receive?

You will receive one Avios point per £1 invested.

However, it is important to note that the offer is only open to new Nutmeg customers.   A ‘new customer’ is defined as someone who has not previously invested with Nutmeg.

When do I receive my Avios?

Your bonus can be credited to either an avios.com or British Airways Executive Club account.  You will receive your Avios within 45 days of making your initial investment.

If you make a withdrawal or close your Nutmeg account within 12 months, Nutmeg reserves the right to to withdraw the cash equivalent of the Avios points value awarded from the closing balance before returning funds.

How do I apply?

You need to sign up and invest via this special landing page to earn Avios.  Applications via the standard Nutmeg home page will not earn any points.

Remember, as with all investing, that your capital is at risk. The value of your portfolio with Nutmeg can go down as well as up and you may get back less than you invest.  ISA and pension rules apply. 

How to earn Avios points from UK credit cards

How to earn Avios from UK credit cards (December 2021)

As a reminder, there are various ways of earning Avios points from UK credit cards.  Many cards also have generous sign-up bonuses!

There are two official British Airways American Express cards with attractive sign-up bonuses:

British Airways BA Amex American Express card

British Airways American Express

5,000 Avios for signing up, no annual fee and an Economy 2-4-1 voucher for spending ….. Read our full review

British Airways BA Premium Plus American Express Amex credit card

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review

You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points, such as:

Nectar American Express

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review

American Express Platinum card Amex

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Run your own business?

We recommend Capital On Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card, along with a sign-up bonus worth 10,500 Avios:

Capital On Tap Business Rewards Visa

The most generous Avios Visa or Mastercard for a limited company Read our full review

You should also consider the British Airways Accelerating Business credit card. This is open to sole traders as well as limited companies and has a 30,000 Avios sign-up bonus:

British Airways Accelerating Business American Express card

British Airways Accelerating Business American Express

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review

Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.

(Want to earn more Avios?  Click here to visit our home page for our latest articles on earning and spending your Avios points and click here to see how to earn more Avios this month from offers and promotions.)

Category

British Airways and Avios

Comments (104)

This article is closed to new posts. Discussion continues in the HfP Forums.

  • Mike G says:
    27 Nov27 November 06:29

    I would think long and hard before using nutmeg. I am all waiting for my £180 cash back, as is my wife, ten months after signing up. Performance of the ISA has been underwhelming, too.

    • the real harry1 says:
      27 Nov27 November 07:47

      I don’t think you should make that sort of criticism without giving a bit more information, particularly as your comment seems a bit odd

      no problem with the comment ‘underwhelming performance’ of the ISA (though would be good to know how it performed compared to similar ISAs)

      but if you signed up 10 months ago, should you really be surprised that those 10 months weren’t outstanding? depends what you were invested in, of course – but anything slightly racier such as stocks & shares may/ will generally take longer to come good, whereas anything safer such as bonds and gilts is never going to be outstanding after fees over 10 months

      but it is your comment that you are still waiting for your cash back that sounds misleading – surely you have not been waiting 10 months to get your cash back, since you signed up 10 months ago and are complaining about the underwhelming performance of the ISA – so when in reality did you ask for your cash back, how long have you been waiting and why is there a delay?

      given T&C 7, it does not seem a good idea to withdraw funds within 12 months in any case:
      [If a customer makes a withdrawal within 12 months of opening their account, Nutmeg reserves the right to withdraw the following amounts from the closing funds:

      Initial invested amount Deduction
      Up to £5,000 £50
      Up to £10,000 £100
      Up to £15,000 £150
      Up to £20,000 £200
      Up to £25,000 £250
      Up to £30,000 £300
      Up to £35,000 £350
      Up to £40,000 £400
      Up to £45,000 £450
      Up to £50,000 and over £500]

    • Rob says:
      27 Nov27 November 08:05

      Never had a single complaint about non payment of Avios. And if I did I know the man to fix it for you.

  • the real harry1 says:
    27 Nov27 November 06:37

    https://www.ft.com/content/4488fdd0-cde9-11e7-b781-794ce08b24dc

    begins: Online wealth managers like Nutmeg claim to have brought investing to the masses by enabling customers to manage low-cost portfolios from their iPhones as easily as they could order a takeaway.

  • Rob says:
    27 Nov27 November 07:12

    Mentioned on another comment page but I have this as an existing customer so check your emails:

    “Having previously collected Avios, if you commit to transferring an existing pension or ISA of more than £10,000 to Nutmeg before 22 December 2017, we will reward you with up to 100,000 Avios. That’s 10,000 Avios for every £10,000 you transfer.”

    • Alex says:
      29 Nov29 November 13:42

      Any chance you can provide more info as I can’t find this in my emails or online anywhere.Thank you

  • thehornets says:
    27 Nov27 November 07:16

    O/T: For that collecting free Marriott points, Iggy is back with his Christmas advent calendar!: http://adventcalendar.ihgrewardsclub.com/?cm_sp=OSMEU-6C-GB-EN-HPH2-I-LOY-1502-Advent-tease

  • Liz says:
    27 Nov27 November 07:56

    OT Insurance restated – Aviva now take Amex. We have our buildings, contents and motor insurance with Aviva and previously paid annually using the Hilton credit card as it recognised it as a debit card and not a credit card so didn’t get charged a fee. The Amex fee is just 0.50% which is not too bad I thought. Between mine and MIL Council Tax this month and our insurance renewals I am now 98% through my new SPG credit card sign up target.

    • Liz says:
      27 Nov27 November 07:59

      *related*

    • Alex W says:
      27 Nov27 November 08:10

      Nice one, thanks Liz. Dunno if this website is any good but perhaps needs updating:
      http://www.whoacceptsamex.co.uk/categories/car-insurance/24/

      • Liz says:
        27 Nov27 November 08:17

        That is still showing Aviva as not taking Amex but it was clearly showing as an option on their website yesterday which is different from last year.

      • the real harry1 says:
        27 Nov27 November 08:17

        can you pay into Aviva pension funds with Amex?

        • Liz says:
          27 Nov27 November 08:28

          I’ve just logged in to MyAviva account as I pay monthly in to a small personal pension but it doesn’t give me an option to pay in a lump sum online. So not sure if they would accept it over the phone.

        • the real harry1 says:
          27 Nov27 November 09:21

          I just gave them a ring – they think the answer is probably no but that it might be possible to set up a monthly standing order to be taken from credit card/ Amex – they are going to refer it to the right people and get back to me in writing

        • Genghis says:
          27 Nov27 November 09:27

          @TRH1. Please report back. I’d like to make a lump sum payment into a personal pension this tax year. Thanks.

        • Liz says:
          27 Nov27 November 09:50

          I was going to increase my pension a bit in the new year so that would be great. Let us know how you get on!

        • Nick M says:
          27 Nov27 November 11:26

          I know of a regular savings account that could be of interest to you Harry – no Amex, but Visa/Mastercard ok…. However you won’t get tax relief on the contributions

        • the real harry1 says:
          27 Nov27 November 11:45

          cheers Nick M – always interested to hear

          however, most of our savings now go into pensions because of the flexible new access rules & tax relief – I am close to 55 with my wife 5 years behind, so they are very tax efficient re: the contributions – and I am in the low-risk outlook category as close to retirement

        • New Card says:
          27 Nov27 November 14:44

          Nick M – I would be interested in that savings account, if you’re willing to share, please 🙂

      • Scallder says:
        27 Nov27 November 12:11

        Direct Line also accept Amex (or at least did in August)

        • dgsupersonic says:
          27 Nov27 November 13:24

          It still does as of yesterday.

        • Marknewstart says:
          27 Nov27 November 16:16

          Nick I would be interested to know that savings account you can e mail me if you like

        • Nick M says:
          27 Nov27 November 22:29

          I should clarify that it is not UK regulated but something I worked with when working for a company based in Luxembourg… njm42 on Flyertalk if you’d like to get in touch

        • New Card says:
          27 Nov27 November 23:19

          Thanks Nick M – have sent a PM on FT

    • Steve says:
      27 Nov27 November 08:55

      Yes, and a nice 5000 avios from the BA shopping site for buying Aviva motor insurance as well.

    • Scallder says:
      27 Nov27 November 12:10

      the 0.5% fee should also be going as of 13% January following the ban on credit card surcharges

  • Alex W says:
    27 Nov27 November 08:20

    Having done both Nutmeg and Virgin ISAs in the past I’d definitely choose virgin between the 2. The Virgin one performed better, although it was over a different period of time. Also gets you into virgin money lounges and I found virgin easier to use. The fees seemed lower too but I can’t remember exactly. Personally I hate websites that are dumbed down with big buttons for fat fingers on small screens with less functionality. Nutmeg is exactly that.

  • Mark Smith says:
    27 Nov27 November 08:35

    O/T; Amazon are still advertising pay with membership reward points and get £15 off an order over £25 however when I go to use the code AMEX16SWP it doesnt apply the discount. I’m only using £1 worth of MR points given the very poor exchange rate but saw in the T&C that its limited to the first 33,333 customers, anyone had success with using this code over the weekend?

    • Rob says:
      27 Nov27 November 09:10

      Have you followed the strict rules on basket content? And paying with your Gold? Easier to buy a gift card and then use that to buy whatever you needed.

    • Joey says:
      27 Nov27 November 09:49

      I had the same problem Mark, but when I just had one thing in my basket (over £25) it managed to work so like Rob says I’d check the basket content. Also you can pay just £0.01 with points.

      • Doug says:
        27 Nov27 November 10:28

        is it once per amazon acc? got new amex card and would like to get another £15! but not sure if creating new amazon accs will be seen as a problem for them

        • the real harry1 says:
          27 Nov27 November 10:54

          definitely worth creating new Amz a/cs for all the family (which won’t allow this deal when first created)

          but they keep changing the a/c opened date requirement on the £15 off £25

          I think this deal now expires 31 March 2018 now? something like that

          likely as not, come Jan/ Feb 2018 you’ll be able to use the deal on newly created Amz a/cs from November 2017

          fwiw the same Amex card can be used to get the deal on different Amz a/cs

  • KevMc says:
    27 Nov27 November 09:57

    I took the ‘free £200’ offer from them back in March. Had to deposit £500 up front, and then pay in £100 a month for a minimum of 6 months – the £200 was then supposed to be credited after 6 months; I had to chase them for it a few weeks after the 6th months had passed, but once I contacted them, it was credited within a couple of days.

    I stuck my money in a pot with ‘Risk 10’, figuring that the £200 would likely offset most of the potential losses if it went south, and was planning on getting it all out after the 6 month term had been met, but it has performed OK, and I will likely leave it in until the end of the tax year now (and have continued to make the £100/month deposits)

    My figures (since mid-March)
    Total deposited – £1300
    ‘free money’ – £200
    Current balance – £1575

    so a £75 profit from a £1300 deposit is almost a 6% return, which I don’t think is too bad. Adding in the £200 they gave me, that puts the return up to 21%. Not sure if I will continue to leave it in there next year, though.

    • Tom H says:
      27 Nov27 November 10:15

      I did the same back at this time last year.

      Minimum £500 initial deposit plus £100 a month.

      Received the £200 promptly with no problem at all.

      I’m in the 9/10 pot. With £1600 deposited my balance sits at £1733 making a return of 7.66%.

      Add the £200 and it’s effectively 21% in a year.

      Absolutely no complaints.

    • CV3V says:
      27 Nov27 November 13:21

      Not wanting to be shot down or confrontational (!), but as a measure, my medium risk pension plan increased by 20% in the last 12 months. In 2017 investment funds had a great year, 6% on a high risk portfolio sounds poor in comparison. As another example, I got 6% from two high risk funds in 3 months.

      • Andy W says:
        27 Nov27 November 13:48

        Not that it matters, but not comparing apples with apples here. The initial investment was March, so 8 months ago (and only £500), then additional contributions monthly, so the annualised return would be significantly higher if you ran the performance numbers properly.

        I do think it raises a good point though, think of the opportunity cost of the investment when you do the calcs, what could the money do elsewhere, what has performance been vs peers, do the additional miles make up for any shortfall. This is more in the Nutmeg 50k scenario, rather than the 500 + 100 monthly above.

        • CV3V says:
          27 Nov27 November 14:28

          True, but to complicate it further where a better (or equivalent) return can be had elsewhere and reinvested within the ISA this will be compounded in subsequent years versus a £200 cash payout or points in year 1 only.

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