The Pensions cashback and incentives discussion thread

artyboy

ex-pat_scot said:

artyboy said:

ex-pat_scot said:

Just trying to locate the latest offers on cashback.
Fidelity are up to £3,000 on £1m+ SIPPs, but with fees at £2,000 then the benefit becomes marginal (granted, the cashback is outside the SIPP and the fees are from the SIPP, but that's not a great incentive overall).
Nothing I can find about HL cashback offers (this New_SIPP_Cashback_Terms.pdf from Feb 2025 seems to be the latest I can find. Hopefully it will be repeated shortly).
I'm with ii.

Fees depend on what you are holding. If you're sticking to ETFs then Fidelity's platform is capped at £90/year.

For HL, read back a few pages. 

Thanks! I thought I was going nuts. Couldn't remember whether I'd seen anything or not.
I spoke to Fidelity yesterday to ask about the 0.2% (£2000/yr) or £7.50/m applied, if I had £1m in ETFs. They said it would be both.
I rather suspect they didn't really understand the question, but gave up eventually trying to get absolute clarity.

Well I've had up to 500k with them in the past (less now) and it's always been that they have taken £7.50 per month in fees, so believe me, you're good...

ex-pat_scot

Sadly the HL offer got me very excited, until I spoke to them, and they confirmed that it is only for uncrystallised SIPPs.

Back to Fidelity then!
(I've had Fidelity and HL SIPPs in the past, and they have been fine, but it would have been nice for a cheeky £5000 HL payout just before next Christmas.)

Albermarle

ex-pat_scot said:

artyboy said:

ex-pat_scot said:

Just trying to locate the latest offers on cashback.
Fidelity are up to £3,000 on £1m+ SIPPs, but with fees at £2,000 then the benefit becomes marginal (granted, the cashback is outside the SIPP and the fees are from the SIPP, but that's not a great incentive overall).
Nothing I can find about HL cashback offers (this New_SIPP_Cashback_Terms.pdf from Feb 2025 seems to be the latest I can find. Hopefully it will be repeated shortly).
I'm with ii.

Fees depend on what you are holding. If you're sticking to ETFs then Fidelity's platform is capped at £90/year.

For HL, read back a few pages. 

Thanks! I thought I was going nuts. Couldn't remember whether I'd seen anything or not.
I spoke to Fidelity yesterday to ask about the 0.2% (£2000/yr) or £7.50/m applied, if I had £1m in ETFs. They said it would be both.
I rather suspect they didn't really understand the question, but gave up eventually trying to get absolute clarity.

If you have a Million Pound in ETFs, or Investment Trusts, or individual shares with Fidelity, you will be charged the platform fee of 0.2%, but the max amount will be capped at £90 pa.
It also does not have to be all or nothing. You can have a mix of the above investments and some OEIC funds and get a blended fee.
So if you had a £250K in OEICs and £750K in ETFs, you would pay £250K X 0.2% + £90 = £590 or 0.05% approx.

PropertyGuru_Wannabe

Altior said:

Freetrade 2026 Tax year end offer

How does this promotion work?

1. Open your Freetrade account if you don’t have one yet.
2. Contribute at least £10,000 (net) to your ISA and/or SIPP by 5 April 2026. You can either top up your account or transfer in from another provider. Transfers must be initiated by 5 April 2026 in order to qualify, although they may be completed at a later date.
3. Depending on which account you are contributing to, join the relevant campaign in your Rewards Hub. 
4. We’ll pay your 1% cashback by 5 December 2026.

Cashback is capped at £5,000 per account. Any amount you withdraw or transfer out of your SIPP and/or ISA and before receiving cashback will be deducted from the amount you contributed in. This will reduce the amount of cashback you receive respectively.

2026 Tax year end offer | Freetrade

Thank you so much for this.  I have made a S+S Isa transfer to Freetrade which should net me some money and the fees they offer are really good, nearly as good as Investengine though they do charge fx fees.  I'll give this a go and if I do like their platform and funds, I may transfer more over.  Thanks again!

winkowinko

Newbie question here.

I have a decent wedge in S&S ISA and SIPP with ii. I own two investments in both, one in the HSBC Global Strategy portfolios and another in the all-world index. If I were to transfer to Freetrade, would I be able to retain both investments without incurring any market downtime?

I would like to take advantage of the 1% Freetrade cashback offer, but would like a seamless transition.

PropertyGuru_Wannabe

@winkowinko

Yes you should be able to do this in a seamless transition although you may have to upgrade to a standard plan to trade in mutual funds etc.

Mutual Funds on Freetrade: your low-cost platform for funds

I did see HSBC Global Strategy listed and the all-world index should be there too.

winkowinko

PropertyGuru_Wannabe said:

@winkowinko

Yes you should be able to do this in a seamless transition although you may have to upgrade to a standard plan to trade in mutual funds etc.

Mutual Funds on Freetrade: your low-cost platform for funds

I did see HSBC Global Strategy listed and the all-world index should be there too.

Yes, someone kindly posted a link a few pages back, showing which funds are available on Freetrade. HSBC global strategy is on there.

If i'm reading it correctly, ISA + SIPP (inc mutual funds) would be the 'Plus' plan, which is £9.99 per month.

PropertyGuru_Wannabe

The SIPP will be included as part of the 'Basic' plan on 22/01/2026.  On their website Get up to £5,000 Cashback | Freetrade Tax Year End Offer

The Freetrade award-winning SIPP is becoming free from 22 January, allowing you to build your retirement pot without any account fees.

winkowinko

Even better!

Ciprico

Anyone know if transfering a sipp already  in drawdown would qualify. (I'm currently with HL) ?