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Legal & General £85 cashback on S&S ISAs

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Milarky
Milarky Posts: 6,356 Forumite
Part of the Furniture 1,000 Posts Photogenic
in ISAs & tax-free savings
Anyone else trying this for a third tax year running? I've put in for £50 per month - exactly the same funds as before using Cashback Kings and it has tracked. The only stipulation to qualify seems to be to keep the account open for at least four months (and hence make four months payments before stopping) but otherwise this seems to be a repeatable offer...
.....under construction.... COVID is a [discontinued] scam
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  • COOLTRIKERCHICK
    COOLTRIKERCHICK Posts: 10,510 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Milarky wrote: »
    Anyone else trying this for a third tax year running? I've put in for £50 per month - exactly the same funds as before using Cashback Kings and it has tracked. The only stipulation to qualify seems to be to keep the account open for at least four months (and hence make four months payments before stopping) but otherwise this seems to be a repeatable offer...

    i was looking at this through topcashback, but when i linked through i was totally confused as there were loads of diff isa's and i didnt know the rate of interest:confused: can anyone explain please. or is there another thread that explains it, i would really appreciate thanks..

    but on saying that the £85 cashback would be the best part of it anyway..lol..
    Work to live= not live to work
  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    COOLTRIKERCHICK wrote: »
    i was looking at this through topcashback, but when i linked through i was totally confused as there were loads of diff isa's and i didnt know the rate of interest:confused: can anyone explain please. or is there another thread that explains it, i would really appreciate thanks..

    but on saying that the £85 cashback would be the best part of it anyway..lol..
    Stocks and shares ISAs don't have interest rates. They buy into some sort of variable investment, unit trusts or OEICs in the case of Legal and General. This means that your return will be linked to the performance of the fund(s) you purchase rather than any pre-specified interest rate.

    Personally I prefer to stick with my current stocks and shares ISA provider for the variety of funds available.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • Energize
    Energize Posts: 509 Forumite
    Just don't use quidco lol, couldn't track it if their life depended on it.
  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Energize wrote: »
    Just don't use quidco lol, couldn't track it if their life depended on it.
    I'm still waiting for £100 from Vodafone that was due a year ago...
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • COOLTRIKERCHICK
    COOLTRIKERCHICK Posts: 10,510 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    thanks for the info..

    i was only going to put a very small amount in each month.

    so if its linked to funds etc, does that mean you could lose money on your investment too?

    trying to weigh up if its worth doing doing just for the £85, by all accounts it does track with the cashback site i was thinking of going through
    Work to live= not live to work
  • jem16
    jem16 Posts: 19,605 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    COOLTRIKERCHICK wrote: »
    so if its linked to funds etc, does that mean you could lose money on your investment too?

    Yes it does.
  • gazza975526570
    gazza975526570 Posts: 3,275 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Im onto my second year with it - hopefully may see a bit of a profit from it this year too.
  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Do you take the money out of the ISA each year and close your account with L&G? I did this for 2008/09, paid in 4 x £50 it tracked but still waiting for the £85 payout. Intrigued that I can try the same trick again this year ....
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
  • michaels
    michaels Posts: 29,122 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Done it at 110 for the last 2 years, was wondering whether to go for 85 now or wait and see if they put it back up again - then again it might disappear altogether.

    Think I did quidco year 1 and cashbackkings last year so maybe topcashback this time?
    I think....
  • gazza975526570
    gazza975526570 Posts: 3,275 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Fire_Fox wrote: »
    Do you take the money out of the ISA each year and close your account with L&G? I did this for 2008/09, paid in 4 x £50 it tracked but still waiting for the £85 payout. Intrigued that I can try the same trick again this year ....

    well i kept both mine (mine and OH) running for 11 months - used it aw a little savings plan (wasnt a great 12 months though tbh!!!!) but i dont see why is you wanted to you cant just cash out after 4 months. Its all online too.
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