Pension switching incentives

artyboy

Morning all,

Just a public service announcement that TODAY is the deadline for the Interactive Investor, Charles Stanley, and Hargreaves Lansdown SIPP transfer offers, which are the most generous around right now...

You need to have at least initiated the transfer in of your pension to them by the end of the day. HL do offer a 6 month extension but you need to ask (they have a similar ISA cashback offer, and a 3 month extension there too)

Also note that II is new customers only. I have a feeling that we may see more of this condition with future offers.

Happy cashback hunting to anyone participating!

Albermarle

Also note that II is new customers only. I have a feeling that we may see more of this condition with future offers.

You are probably right. HL, Fidelity ( whose transfer offer stays open until April 1st I think) etc will probably not let people keep transferring back and forward every 12 or 18 months ad infinitum, and picking up a grand or two every time, whilst only paying out peanuts in fees during their brief stay on the platform.

artyboy

Well that's another £2500 bagged from HL - £1000 a couple of weeks back from an £80k ISA xfr, and £1500 today for a £125k partial SIPP xfr. Exactly the same received by Mrs Arty. That's the next holiday paid for...

And I really really love HL. They pay out incentives pretty much the day after the transfer completes, and it can be withdrawn within a day. Unlike most of the others that make you wait a year before they pay out. Let's hope they do another promo later this year.

michaels

artyboy said:

Well that's another £2500 bagged from HL - £1000 a couple of weeks back from an £80k ISA xfr, and £1500 today for a £125k partial SIPP xfr. Exactly the same received by Mrs Arty. That's the next holiday paid for...

And I really really love HL. They pay out incentives pretty much the day after the transfer completes, and it can be withdrawn within a day. Unlike most of the others that make you wait a year before they pay out. Let's hope they do another promo later this year.

Do you not have to leave the money HL paying their expensive fees for several months?

artyboy

michaels said:

artyboy said:

Well that's another £2500 bagged from HL - £1000 a couple of weeks back from an £80k ISA xfr, and £1500 today for a £125k partial SIPP xfr. Exactly the same received by Mrs Arty. That's the next holiday paid for...

And I really really love HL. They pay out incentives pretty much the day after the transfer completes, and it can be withdrawn within a day. Unlike most of the others that make you wait a year before they pay out. Let's hope they do another promo later this year.

Do you not have to leave the money HL paying their expensive fees for several months?

There is a retention period yes, but with ETF holdings, the fees are capped. You'd have to be daft to hold trad funds with them...

granta

Hargreaves Lansdown SIPP transfer Cashback promotion back on, though with less generous terms than before. And cashback not paid until December 2025.

Transfer your Pension | Pension Transfer | HL

Albermarle

granta said:

Hargreaves Lansdown SIPP transfer Cashback promotion back on, though with less generous terms than before. And cashback not paid until December 2025.

Transfer your Pension | Pension Transfer | HL

I can not see any mention of cashback in that link?

granta

Albermarle said:

granta said:

Hargreaves Lansdown SIPP transfer Cashback promotion back on, though with less generous terms than before. And cashback not paid until December 2025.

Transfer your Pension | Pension Transfer | HL

I can not see any mention of cashback in that link?

That's strange. When I click on it and scroll down, there is the usual yellow box with the cashback details. It's under the Transfers page. Perhaps you can get to it that way?

FIREDreamer

granta said:

Albermarle said:

granta said:

Hargreaves Lansdown SIPP transfer Cashback promotion back on, though with less generous terms than before. And cashback not paid until December 2025.

Transfer your Pension | Pension Transfer | HL

I can not see any mention of cashback in that link?

That's strange. When I click on it and scroll down, there is the usual yellow box with the cashback details. It's under the Transfers page. Perhaps you can get to it that way?

Yes that is how you see it …

artyboy

i think I'll give this one a miss...