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:

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

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

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

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

RK says:

27 Nov27 November 13:45

O/T. – I think it was mentioned the other day, if I refer myself a BAPP supplemary card as”other”, do I get the 25/26k avios for spending 3k in the first 3 months?

Also does anyone know if I am credit checked again as a supplementary card holder?

Many thanks
- Alan says:
  
  27 Nov27 November 13:52
  
  No as you don’t get a sign up bonus for supplementary cards. Some offers of 3k for opening supp but they’ve never had sign-up bonuses with spend targets for supp. If you mean refer across types, eg as Plat refer yourself for BAPP – well the system never allowed this before, who knows if it will or not but you’re risking losing out on a definite bonus so personally I wouldn’t be rushing to try it!
- Genghis says:
  
  27 Nov27 November 13:56
  
  You’re not referring here for a separate account, only adding a supplementary card, so the 25/26k avios is irrelevant. I got 3k adding an additional supp recently to BAPP, however.
Roberto says:

27 Nov27 November 16:18

OT… I see today that the myflights app will cease at the end of the year. Was a great app and will be sadly missed.. Their contract with Amadeus wont allow third party access.

I renewed for 12 months recently and am interested to see if their is a refund option available.
- John W says:
  
  27 Nov27 November 18:32
  
  Sad to hear about my flights app . It was a good recommendation by Rob and many times have given me an update regarding my flights when the airlines have not !
  Be sad to see this functionality disappear !
- CV3V says:
  
  27 Nov27 November 20:55
  
  One of the features i like about the app is it holds all my past flights, helps me reminisce!
RTS says:

27 Nov27 November 16:45

Bit OT – but didn’t any try (successfully) the “new” referral system of AMEXs whereby any card can now refer any card. I.e. using Amex Platinum to refer say an BAPP?
- RTS says:
  
  27 Nov27 November 16:46
  
  typos’… *has anyone try*
  - RTS says:
    
    27 Nov27 November 16:46
    
    *tried.. fml.
- AndyR says:
  
  27 Nov27 November 21:54
  
  I did Amex SPG to Amex Gold and it worked!!
  - Liz says:
    
    27 Nov27 November 22:31
    
    How many SPG referral pts did you get?
  - Dan says:
    
    28 Nov28 November 05:36
    
    How did you get the referral link to work? I can only refer from Amex Gold > Platinum/Green and from BA Black > BA Blue.
    - Genghis says:
      
      28 Nov28 November 06:23
      
      The referee can then scroll to other cards
    - Alan says:
      
      28 Nov28 November 07:47
      
      Try link out yourself as if you’d been referred and you’ll see the other options.
Roger I* says:

27 Nov27 November 17:09

Investment quandary. Mrs Roger and I are prepared to invest £20k each in 2027/18 stocks and shares ISAs and are looking at the Virgin and Nutmeg offers.

1. Virgin Money. 8,000 VS miles for £8k investment is OK, for £20k less so. Investing £8k means no other S&S ISA investment is allowed this year, and putting the balance in a cash ISA doesn’t appeal.

2. Nutmeg. 20k Avios for £20k investment. Looks OK. We have various cash and S&S ISAs from previous years. How easy is it to transfer these to Nutmeg? (Looking at the up to 50k option.)

Has anybody been in a similar situation and can advise? Many thanks.
- Roger I* says:
  
  27 Nov27 November 17:11
  
  Er, make that 2017/18 ISAs (first line)
  - the real harry1 says:
    
    27 Nov27 November 18:33
    
    people have made the point here that 8000 Virgin miles return for £600 investment is great – PROVIDED you don’t want to invest the max in an ISA this year
    
    otherwise you are chasing points worth a few quid at the expense of the tax advantages of (say) £20K invested with no tax payable on future capital gains or income
    
    8000 Virgin miles on a £20K investment is just a nice to have (worth at best £80 in year 1) & therefore should be largely irrelevant to your ISA decision
    - the real harry1 says:
      
      27 Nov27 November 18:55
      
      and tbh 20,000 Avios on a £20,000 ISA investment with Nutmeg is OK if you plan to game it – but not of importance if you just need to select the best ISA for you & your needs
      
      you could instead be looking at performance & fees etc – the Avios are worth at best £200 in year 1 – so over time, pretty irrelevant
      
      have a look at fees http://www.telegraph.co.uk/investing/isas/tables-the-cheapest-and-most-expensive-places-to-buy-an-isa/
  - Jp says:
    
    27 Nov27 November 21:19
    
    If you are under 40 you can hold a s&s ISA plus a lifetime ISA in the same year for £4k, plus the government £1k bonus in April.
    - Genghis says:
      
      27 Nov27 November 21:22
      
      Lifetime ISA only really good for BRTPs though
    - Genghis says:
      
      27 Nov27 November 21:26
      
      If add £100 to a lifetime isa, get £125 after gov contribution. If add to pension, that £100=£125 to a BRTP or £166 to a HRTP.
      - Alan says:
        
        27 Nov27 November 23:02
        
        Although due to the swingeing calculations used for defined benefit schemes it’s handy to have another avenue for tax-free savings with decent return that doesn’t fall into the AA/LTA cap…
    - Genghis says:
      
      27 Nov27 November 21:40
      
      But then LISA is tax free. Pension isn’t (only lump sum)
Cate says:

27 Nov27 November 17:14

OT – DHL are moving the operations to LGW next year from LHR.
- Nick says:
  
  27 Nov27 November 18:43
  
  DHL catering or cargo?
  - Cate says:
    
    27 Nov27 November 18:52
    
    cargo.
Ahop says:

27 Nov27 November 18:17

Good to hear Alan.

I’ve now had two heated chat exchanges with service reps who insist (even after supervisor referral) that it is not possible.

My first experience of anything but exceptional service from Amex. Not only were they advising incorrectly (so it appears) but they couldn’t have been more condescending.
Tom says:

27 Nov27 November 20:40

O/T BA to buy Monarch landing slots at Gatwick.. https://www.ft.com/content/2cde7052-b6bc-3c01-bd3a-a7fac0d57a23
CV3V says:

27 Nov27 November 21:46

Using Nutmegs own tools for historical performance showed:
Risk profile 1/10 – 4.9% average annual return
Risk profile 5/10 – 6.8%
Risk profile 8/10 – 6.6%
Risk profile 10/10 6.2%
averaged over 20 years. But the past performance isnt based on their current investment portfolios, making the whole thing a stab in the dark. Looking at the individual funds they invest in they seem to go for trackers, which have been performing well (by checking on Trustnet) but cant measure the combined performance.

Normally in the pursuit of points i would be interested, but not in this case. Also, it seems the big banks are now catching on to these ‘robo trackers’, #cynical!

Have a read of this article, good read on fund performance in the last 30 years:
http://www.telegraph.co.uk/finance/personalfinance/investing/11489789/The-funds-that-have-returned-more-than-12pc-per-year-for-THIRTY-years.html