Get up to 150,000 Avios when you open an ISA, SIPP or General Investment Account with Nutmeg

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Advertorial

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

With the end of the tax year approaching, Nutmeg has improved on its generous Avios offer for opening a pension, ISA or General Investment Account.

Invest between £500 and £19,999 and for every £1 invested you will receive one Avios

Invest between £20,000 and £100,000 and you will receive 1.5 Avios for every £1 invested

This means that with a £100,000 investment you will receive 150,000 Avios!

This Nutmeg offer runs until 7th April 2019. Full details are here. This means that you can invest for either this tax year or the new one.

What is Nutmeg?

As I wrote back in October, when a similar 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 £1.5 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 £500 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, 100% cash ISAs or 100% cash GIAs.

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 up to an investment of £19,999.

Invest between £20,000 and £100,000 and you will receive 1.5 Avios per £1 invested.

For example if you invest £10,000 you will get 10,000 Avios. If you invest £20,000 you will get 30,000 Avios. An investment of £50,000 will earn 75,000 Avios. £100,000 will earn you 150,000 Avios. You can invest more but the Avios reward is capped at 150,000 points.

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 7th April 2019.

When do I receive my Avios?

Your bonus will be credited to your 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 24 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:

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.

Jimmy says:

13 Mar13 March 07:49

I recently notice that Nutmeg make more money out of my pension investment with them than I do. Paltry returns, and they make a lot of admin mistakes. If I was doing this again, I wouldn’t go with Nutmeg.
Rob H says:

13 Mar13 March 07:57

My wife any myself have had Nutmeg accounts for a few years now – done very well (Set at highest risk level – why not! – we have cash ISAs for safe stuff). Real shame this isn’t available to existing account holders adding in the next tax years allowance – think I’d take it up if they allowed that.
- zebrum says:
  
  13 Mar13 March 08:34
  
  At highest risk last month because of the crash you would have lost everything you made in the last 2 years, might wanna check your account
  - Rob H says:
    
    13 Mar13 March 08:50
    
    I have – high risk does not mean always losing 🙂
Grant says:

13 Mar13 March 08:38

Unless you are investing > £10k then there are other routes to Nutmeg which will pay a better sign up bonus (which can be taken as Avios).
- Rob says:
  
  13 Mar13 March 08:46
  
  Most will. Apparently we have the highest average initial deposit of any Nutmeg partner.
  
  I had an interesting stat from Virgin Money the other day too. The average deposit from HFP readers who opened the Virgin Atlantic Savings Account is £45,000.
  - Grant says:
    
    13 Mar13 March 08:47
    
    High rollers
  - Rob H says:
    
    13 Mar13 March 08:52
    
    I guess it’s all this money that HFP readers save by not having to pay full price for flights! 🙂
  - ken says:
    
    13 Mar13 March 11:55
    
    The average balance of Nutmeg customers was £24k (2017).
    They lose money hand over fist, and loses are increasing.
    They lost almost 3 times their turnover in 2017
    Even in they double in size I doubt they will be profitable.
    Getting HFP with bigger balances (at a higher acquisition cost) doesn’t seen the greatest idea.
    Will only work if they don’t switch after 2 years.
    How likely is that ?
Sussex Bantam says:

13 Mar13 March 09:08

I say this every time this offer comes round BUT it always makes me uncomfortable when HfP promotes this deal. It makes me even more uncomfortable now Rob has declared he is actually getting paid for each investment we make.

Investing this amount of money is a serious decision and people shouldn’t be swayed by the provision of Avios. Effectively you are getting a 1.5% discount on your investment which could easily be lost in fees or sub-optimal investments.

I know Rob is completely up-front about the fact he earns commission but this just doesn’t feel like something HfP should be pushing without some critical comment.
- Rob says:
  
  13 Mar13 March 11:01
  
  ….. analysis I can’t really do because of my FCA licence. Recommending A over B is basically giving advice.
  - Sussex Bantam says:
    
    13 Mar13 March 11:23
    
    I understand that – I guess it is because we are so used to getting superb advice from HfP that it grates when you publish an advert without any comment.
  - Charlieface says:
    
    13 Mar13 March 14:19
    
    I think you should then put in a caveat that the reason you’re not analysing the costs/benefits is because of this, not because you think it’s a great product everyone should get.
    Must say I definitely appreciate the more prominent advertorial notice.
    - Rob says:
      
      13 Mar13 March 17:59
      
      I don’t, because it gets in the way.
- Frenske says:
  
  13 Mar13 March 11:39
  
  It is an Avios earning product it is logical that it should be mentioned on HfP. Nutmeg is a solid product and I am sure if otherwise Rob would not publish it. No-one knows what what is the guaranteed optimum investment product only in hindsight.
  - Sussex Bantam says:
    
    13 Mar13 March 13:11
    
    I’ve no issue with it being mentioned like all other options.
    
    However Rob will normally also guide on whether he thinks it is a good idea (don’t bother redeeming on long haul economy for example).
    
    For this, with such a large potential cost, to attract no critical comment when other much smaller items do is the area I don’t like
    - Rob says:
      
      13 Mar13 March 14:10
      
      But that is essentially giving pensions advice which I am not authorised to give.
    - Nathan says:
      
      13 Mar13 March 14:15
      
      Really?
      I’m almost positive that I have read a great deal of informed critical comment on this website precisely and ONLY due to Rob running the promo PR puff piece. To put it another way, HfP’s running the ad allowed me more insight via the user commentary than did the poster advert on the train this morning
      
      And HfP trousers a nice fee to put toward running the website. I call that win win.
    - Alan says:
      
      14 Mar14 March 21:32
      
      Agree with Nathan – if comments were switched off that might be one thing but there’s a good debate about the product here that will help inform folks.
Johhy noadivce says:

13 Mar13 March 10:35

Looks like a nice, totally risk free earner, for someone.
ken says:

13 Mar13 March 11:31

For £100k the total charges are 0.71% for fixed allocation service and 1.02% for fully managed service.
Not the worst by far (hello St James Place), not the best.
Fair to say that you are paying maybe £500 a year from what is easily achievable without a great deal of effort. So £1k (over 2 years) for 150,000 Avios.
Who knows what the returns will be over 2 years

Not for me – it’s just my personal view that investing on the basis of getting a modest freebie is frankly insane. If you have the time and energy to churn cards & collect points, surely you can look after your own finances.

Buying a hoover, yes. Moving your pension ? No
- Freddy says:
  
  13 Mar13 March 12:00
  
  Where would you recommend putting some investment money if you have no knowledge of investment markets, quite different to churning cards. Presumably people use nutmeg as it fairly cheap and dumbs the investment choices down
  - que says:
    
    13 Mar13 March 12:49
    
    If you can follow HfP and learn the techniques for earning and burning points and status, then you can take the time to research investment products. If you’ll dedicate more time to getting a nicer seat at a lower price for a 8 hour flight than you would for your savings you’re bonkers.
    - Mark says:
      
      13 Mar13 March 13:17
      
      +1
      Use your same skills and energy that you do on collecting points to invest your money, and you win both ways.
      With Nutmeg (&/or similar), you are probably going to gain Avios at the expense of optimum growth, and the outcome would be “sub-optimal” (as they say in Rob’s circles!).
    - Fred says:
      
      13 Mar13 March 15:37
      
      Guilty. I’m officially bonkers.
  - Mr D says:
    
    13 Mar13 March 22:46
    
    Vanguard, low charges and some fully managed funds and a good mix overall. They only offer an ISA at the moment, their SIPP is coming shortly. You can’t go wrong with their Vanguard Life Strategy 80% in my view, over the last 5 years it’s returned 54%. I’m with HL for my SIPP but moving everything to Vanguard when their one opens up.
Henry says:

13 Mar13 March 11:47

Shame this is new customers only – was hoping for a chunky bonus to make a transfer into Nutmeg.
Clive says:

13 Mar13 March 12:54

Just buy TUI, VOD and IAG. Will be alot easier