Wealthify* Free £75+ investment – just put in at least £75 for a year.

tracyyi

What happened if the Wealthify is cease trading , do I get my £75 back?

Bridlington1

Your initial £75 investment would be protected by the FSCS, although it could've increased or decreased in value depending on how the investment performed so you may get less (or more) than the £75 back. You wouldn't get the £75 bonus if Wealthify was to cease trading though.

tracyyi

Bridlington1 said:

Your initial £75 investment would be protected by the FSCS, although it could've increased or decreased in value depending on how the investment performed so you may get less (or more) than the £75 back. You wouldn't get the £75 bonus if Wealthify was to cease trading though.

It was £50 as I remember.

May is worth ding it, myself one account and my partner one account.

masonic

tracyyi said:

Bridlington1 said:

Your initial £75 investment would be protected by the FSCS, although it could've increased or decreased in value depending on how the investment performed so you may get less (or more) than the £75 back. You wouldn't get the £75 bonus if Wealthify was to cease trading though.

It was £50 as I remember.

May is worth ding it, myself one account and my partner one account.

Your own thread title says "just put in at least £75 for a year", which is the correct answer.

MX5huggy

tracyyi said:

Bridlington1 said:

Your initial £75 investment would be protected by the FSCS, although it could've increased or decreased in value depending on how the investment performed so you may get less (or more) than the £75 back. You wouldn't get the £75 bonus if Wealthify was to cease trading though.

It was £50 as I remember.

May is worth ding it, myself one account and my partner one account.

They’ve upgraded it to a minimum of £75 up to £1000 but there’s only for 3500 customers.

https://forums.moneysavingexpert.com/discussion/comment/80111687#Comment_80111687

tracyyi

MX5huggy said:

tracyyi said:

Bridlington1 said:

Your initial £75 investment would be protected by the FSCS, although it could've increased or decreased in value depending on how the investment performed so you may get less (or more) than the £75 back. You wouldn't get the £75 bonus if Wealthify was to cease trading though.

It was £50 as I remember.

May is worth ding it, myself one account and my partner one account.

They’ve upgraded it to a minimum of £75 up to £1000 but there’s only for 3500 customers.

https://forums.moneysavingexpert.com/discussion/comment/80111687#Comment_80111687

Do you mean if I invest £1,000, will get cash back £1,000 after 1 year?

As I know is min £75, get £75 after 1 year.

Bridlington1

The refer a friend offer gives you and your partner £50 each but the sign up offer is £75 so as long as your partner's investment does not drop by 1/7 (approx 14.29%) or more between you and your partner you would be best off taking the £75 sign up offer now, then referring your partner to get £50 each.

tracyyi

Bridlington1 said:

The refer a friend offer gives you and your partner £50 each but the sign up offer is £75 so as long as your partner's investment does not drop by 20% or more between you and your partner you would be best off taking the £75 sign up offer now, then referring your partner to get £50 each.

Sorry, do you mean:
I signed up for £75, and after 1 year gets £75. 
After I signed up, I refer to my partner, and I get an additional £50 referral, and my partner invest £75, after 1 year my he get £75?

Am I correct?

Bridlington1

tracyyi said:

Bridlington1 said:

The refer a friend offer gives you and your partner £50 each but the sign up offer is £75 so as long as your partner's investment does not drop by 20% or more between you and your partner you would be best off taking the £75 sign up offer now, then referring your partner to get £50 each.

Sorry, do you mean:
I signed up for £75, and after 1 year gets £75. 
After I signed up, I refer to my partner, and I get an additional £50 referral, and my partner invest £75, after 1 year my he get £75?

Am I correct?

Your partner can not get both the £75 offer and the £50 for being referred, they can get one or the other. In order to refer your partner you would need to be an existing Wealthify customer so you would need to sign up using the £75 offer to get anything for signing up (assuming you know nobody to refer you). Once you have signed up to Wealthify you can receive money for referring others. 

If you sign up for the £75 offer you get £75 if you invest £75 for a year. If you then refer your partner, your partner would need to invest £250 for 3 months so that you will both get £50 after 4 months. So you would get £125 in bonuses and your partner would get £50 so £175 between you in this scenario.

If both you and your partner signed up to the £75 offer you'd both get £75 after 1 year so it would be £150 between you.

For the Ts&Cs of the refer a friend offer see:
https://www.wealthify.com/offers/refer-a-friend-terms-and-conditions

Apologies I made a careless error with the maths above. You would be better off referring your partner if the investments do not drop by more than 1/7, the original post has been corrected to reflect this. Also the calculation used assumes that the investment will have performed just as well by month 4 as it did in month 12, which is unlikely to be the case but it may be of use as a rough guide.

MX5huggy

tracyyi said:

MX5huggy said:

tracyyi said:

Bridlington1 said:

Your initial £75 investment would be protected by the FSCS, although it could've increased or decreased in value depending on how the investment performed so you may get less (or more) than the £75 back. You wouldn't get the £75 bonus if Wealthify was to cease trading though.

It was £50 as I remember.

May is worth ding it, myself one account and my partner one account.

They’ve upgraded it to a minimum of £75 up to £1000 but there’s only for 3500 customers.

https://forums.moneysavingexpert.com/discussion/comment/80111687#Comment_80111687

Do you mean if I invest £1,000, will get cash back £1,000 after 1 year?

As I know is min £75, get £75 after 1 year.

No to get £1000 you need to invest £100000! There’s a sliding scale between £75 and £100k investment. So there is £100 for a £1000 investment (same as Nutmeg/Chase offer which is closed). 

MX5huggy

artyboy said:

MX5huggy said:

tracyyi said:

MX5huggy said:

tracyyi said:

Bridlington1 said:

Your initial £75 investment would be protected by the FSCS, although it could've increased or decreased in value depending on how the investment performed so you may get less (or more) than the £75 back. You wouldn't get the £75 bonus if Wealthify was to cease trading though.

It was £50 as I remember.

May is worth ding it, myself one account and my partner one account.

They’ve upgraded it to a minimum of £75 up to £1000 but there’s only for 3500 customers.

https://forums.moneysavingexpert.com/discussion/comment/80111687#Comment_80111687

Do you mean if I invest £1,000, will get cash back £1,000 after 1 year?

As I know is min £75, get £75 after 1 year.

No to get £1000 you need to invest £100000! There’s a sliding scale between £75 and £100k investment. So there is £100 for a £1000 investment (same as Nutmeg/Chase offer which is closed). 

No because the referral is only paid if they pay in £250/month for at least 3 months. This is all clearly set out on their website - have you actually taken the time to read it properly?

As for me, I'm no fan of robo investing, but for £75, it's a worthwhile punt for a year.

@artyboy it’s getting fairly confusing now but there seems to be 2 offers I’m talking about the MSE sign up bonus not referrer a friend https://www.wealthify.com/campaigns/money-saving-expert-get-between-75-1000-cashback-when-you-invest-75-or-more?ref=msecb-msejune751000cb23&utm_source=money_saving_expert_cashback&utm_medium=affiliate&utm_campaign=get-75-1000-cashback

there’s no monthly funding requirement just the total amount invested in 6 month’s dictates bonus after 12 months.