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Get up to 100,000 Avios points when you open an ISA or SIPP via 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

Nutmeg has brought back its generous Avios offer for opening a pension, ISA or General Investment Account.

For every £1 invested you will receive one Avios, up to a maximum of 100,000 Avios, when you open an account with Nutmeg before 11th November 2018.

Full details are here.

What is Nutmeg?

As I wrote back in April, when this offer last ran, Nutmeg is an innovative online wealth management service that offers intelligent investment portfolios to anybody with just £500 to invest, with additional monthly contributions of at least £100.

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 2015, 2016, 2017 and 2018.

The company now has over £1 billion of assets under management and over 60,000 investors.

How much do I need to invest?

You can open an account with the minimum contribution for an ISA or General Investment Account (GIA) 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, which runs to 5th April 2019, is £20,000. You can invest more but anything you commit beyond £20,000 will be placed in a General Investment Account.

Please note that Avios are not awarded for customers opening a Lifetime ISA.

Why should I invest with Nutmeg?

In their own words: “We take the best elements of a high-end investing service, strip out the complexity and cost, and provide it to you online.”

How many Avios will I receive?

You will receive one Avios per £1 invested in a pension, ISA or GIA. Nutmeg will award one Avios per £1 on initial investments of up to £100,000. You can invest more but the Avios reward is capped at 100,000 points.

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.  This offer is valid for invested accounts opened and funded before 11th November 2018.

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 18 months, Nutmeg reserves the right 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 (29)

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

  • Rob says:
    22 Oct22 October 09:36

    Apologies for the lengthy disclaimers on this article. Obviously pensions are very serious financial instruments and the regulation over their promotion is, correctly, strong.

    • Mr(s) Entitled says:
      22 Oct22 October 11:04

      Nothing to apologise for. This is how it should be and is a vast improvement on previous iterations.

      Personally I’m not sure how many Avios I would need to transfer my SIPP but it is a lot more than 100,000. I’m too much of a control freak to give up the ability to pick the underlyings components. For others, I can see the benefit. The level of financial education in this country is dire and yet more and more freedoms are being given to people who don’t understand them. Now, where is my soap box?

  • funkypigeon says:
    22 Oct22 October 09:41

    OT: I’ve transferred points in my SPG account to BAEC. I was wondering how long they should take to appear? Email said 24 hours. A week later nothing is showing.

    • Tom Cook says:
      22 Oct22 October 12:18

      I did two transfers last week, both times it took 48hrs.

      • funkypigeon says:
        22 Oct22 October 13:03

        Was I correct in selecting ‘British Air’ as where to convert the points to?

      • VK says:
        22 Oct22 October 19:36

        SPG is very erratic. I did a transfer to Alaska and also to krisflyer. both arrived in 1 week but krisflyer was short 10k bonus + 5 miles short as well!. Alaska was short by 2 miles. frustrating when you need 25k miles and they transfer 24998. had to transfer more (what a waste) cause I was on a time limit.

        After having raised issues with SPG/marriott, I am yet to see my bonus miles

  • Anna says:
    22 Oct22 October 11:01

    OT but finance, I imagine HFP readers might know the answer. I have a loan with Creation and have made a couple of extra payments with a debit card. No extra charges were displayed when I did this, however tucked away in the FAQs it says that debit card payments will be charged at £3 per transaction. I haven’t been charged ostensibly for making debit card payments, however I am now wondering if they have added this to the loan balance. Creation are proving very difficult to get a straight answer from. Surely if there was a charge for making a card payment it should be clearly displayed at the point of payment?

    • Nick M says:
      22 Oct22 October 13:16

      When was the loan taken out? Since January retailers haven’t been allowed to discriminate based on the method of payment – so would assume this may apply here (although I don’t know if it would override anything already agreed within an existing contract)

      • Anna says:
        22 Oct22 October 14:25

        Only this year so maybe they’ve removed the charge from the payment page but accidentally left it in the FAQs.

      • ShopOwner says:
        4 Nov4 November 09:34

        There is nothing stopping Creation from applying an administration charge for any method of payment, as long as one means isn’t treated more/less favourably than the others.

  • Paul says:
    22 Oct22 October 11:10

    It’s a shame they don’t offer this to existing customer. They used to have transfer offer fir existing customer but none recently

    • Cameron says:
      22 Oct22 October 11:41

      Agree. I already have a Nutmeg ISA and would consder transferring in a pension to them if the offer applied to that (fees etc similar to current provider – so would make sense beyond the points 😉

  • Richi Jennings says:
    22 Oct22 October 11:10

    Does this include an ISA transfer?

  • John says:
    22 Oct22 October 12:11

    “Nutmeg reserves the right to withdraw the cash equivalent of the Avios points value awarded from the closing balance before returning funds.”

    I thought Avios had no cash value.
    Do Nutmeg say what value they ascribe to the Avios?

    • Richi Jennings says:
      22 Oct22 October 12:26

      According to point 7 at the bottom of the page, I’d say it was a penney per.

  • Alex W says:
    22 Oct22 October 13:50

    18 months, wow. That would prevent you from changing providers for the next 3 tax years…

  • Shoestring says:
    22 Oct22 October 14:40

    Look at their performance over the last 20 years and compare it to others.

    Eg https://www.orbis.com/uk/individual/home – check out the 2 funds/ performance/ terms

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

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