Nutmeg Stocks and Shares ISA £180 Quidco cashback

Guru86

Will this offer cover a LISA or just standard ISA?

msallen

I was going to do this today, but contrary to earlier posts I think you'd have to maintain a minimum £100pm for 12 months as the T&Cs state they have the right to deduct the "bribe" if you stop earlier.

As I wasn't planning to invest anything much (outside my SIPP) this year, doing this and then transferring next year doesn't restrict any desire to open a S&S ISA elsewhere, and would seem to offer an easy 10%+ above real returns (which of course could still be a loss), but links to the sign up page just take me to the log in page for existing users.

Is it a problem at my end or a buggy website (which doesn't fill me with confidence in them)? Has anyone else tried it today?

peter_333

I just talked to Nutmeg's phone support team, and they said that the cashback offer from Quidco will apply if opening a LISA. I've also emailed them to try and get confirmation in writing.

edlar

I've just talked to them on the online chat and they said it only applied to the S&S ISA, not the Lifetime. So some clarity needed!

peter_333

Right... Let's hope they reply to my email soon.
:-D

peter_333

No reply from Nutmeg, but a friend has said he got hold of them on Twitter and they confirmed the cashback does not work when opening a LISA. In addition, Quidco have, since this morning, updated their T&Cs on the offer to specifically exclude opening a LISA (wording which was not there this morning).