Switching from HL to ii

mothemoneysaver

Hi,

I have calculated it would be worthwhile me switching my S&S ISA from HL to interactive investor going forward, especially making use of the £100 cashback on offer with ii for ISA transfers made before the end of the month for new customers.

I was wondering if anyone has made use of this £100 offer in conjunction with the refer a friend offer where the first year's fees are free (+£200 for the friend)?

I could not find anything clearly in the T&C suggesting both could not be done together.

george4064

I doubt you would be able to use both offers in conjunction, why not just ask II directly?

They might even make an exception and allow you to receive both even if their rules normally don’t allow it, especially if your S&S ISA is of a decent amount.

AndyTh_2

mothemoneysaver said:

Hi,

I have calculated it would be worthwhile me switching my S&S ISA from HL to interactive investor going forward, especially making use of the £100 cashback on offer with ii for ISA transfers made before the end of the month for new customers.

I was wondering if anyone has made use of this £100 offer in conjunction with the refer a friend offer where the first year's fees are free (+£200 for the friend)?

I could not find anything clearly in the T&C suggesting both could not be done together.

I've managed to get both their offers at the same time. The transfer offer I had was higher cashback though late last year.

The refer a friend requires a Trading Account to receive the funds (as a referrer). The referee doesn't, but can still get the transfer cashback.

k_man

On a previous ISA transfer offer from II, I received the switch bonus, then refer a friend (as the referer) and Quidco cashback (don't forget to check the latter or TCB).

That said these were a bonus, not a reason for switching

mothemoneysaver

Yes I did note the Quidco/top cashback too and was probably going to try that too as well.

Thanks for all the replies. Yes, as you say, not a reason for switching but a good bonus!

AndyTh_2

I was almost gutted not thinking about cashback sites after seeing the above, although luckily it paid me more than I'd have got if I had made my "initial investment" rather than topping up the previous pension to get to the next tier of switch cashback.

Not tail wagging the dog that top up, I was intending to add it regardless of the switch, and was less than £10k anyway (quidco deals seem to start at that).

ChilliBob

Don't you or the other person not get the free trading credits on offers like this? 

mothemoneysaver

ChilliBob said:

Don't you or the other person not get the free trading credits on offers like this? 

You are right, the person referred doesn't get the free trading credits, but they do get their first year service plan (worth £120) for free.

AndyTh_2

And SIPP pension builder plans don't get trading credits anyway.

They do have a free monthly investing process though, set on a specific day of the month, £25 minimum for investment.

Albermarle

AndyTh_2 said:

I was almost gutted not thinking about cashback sites after seeing the above, although luckily it paid me more than I'd have got if I had made my "initial investment" rather than topping up the previous pension to get to the next tier of switch cashback.

Not tail wagging the dog that top up, I was intending to add it regardless of the switch, and was less than £10k anyway (quidco deals seem to start at that).

Two pension providers, regularly offer significantly more generous cashbacks than Aj Bell, ii etc and the money is paid straight into your account ( no need to go via a third party).
These are HL and Fidelity, the former has a particularly generous offer at the moment, particularly for larger sums.
 ( up to £1500) 
Of course these two have the highest platform fees, but these can be controlled by avoiding OEIC funds and sticking to ETF's and Investment Trusts.
Not a recommendation, just an observation.

AndyTh_2

Albermarle said:

AndyTh_2 said:

I was almost gutted not thinking about cashback sites after seeing the above, although luckily it paid me more than I'd have got if I had made my "initial investment" rather than topping up the previous pension to get to the next tier of switch cashback.

Not tail wagging the dog that top up, I was intending to add it regardless of the switch, and was less than £10k anyway (quidco deals seem to start at that).

Two pension providers, regularly offer significantly more generous cashbacks than Aj Bell, ii etc and the money is paid straight into your account ( no need to go via a third party).
These are HL and Fidelity, the former has a particularly generous offer at the moment, particularly for larger sums.
 ( up to £1500) 
Of course these two have the highest platform fees, but these can be controlled by avoiding OEIC funds and sticking to ETF's and Investment Trusts.
Not a recommendation, just an observation.

yes, I've several pensions atm and so although II was only a small amount of that but has a 12 month term for the cashback to stay, I'll also be moving my Fidelity to HL (which is ETFs).

HL also have an S&S ISA/GIA switch cashback too, which is considered a separate offer, and both can be done.