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Hargreaves Lansdown - ISA/SIPP Cashback offer returns

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Comments

  • tmen
    tmen Posts: 244 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    tmen said:
    I can see Cashbacks on S&S ISA and Sipp and prize draws on Cash Isa and Lifetime ISA but can't see anything on transferring in Unit Trusts and Oeic is there no cashback on these or am I missing something

    Thanks
    Not sure where you're seeing that, the offer I see applies cashback to anything in an ISA or SIPP (which could be UT or OEICS of course), and the prize draw states "HL Cash ISA, Lifetime ISA, Stocks and Shares ISA or Personal Pension (SIPP)"

    Sorry I wasn't clear, I was looking to transfer Unit Trusts / Oeic to HL outside an ISA and Sipp and hoping to get cashback.
  • InvesterJones
    InvesterJones Posts: 1,188 Forumite
    1,000 Posts Third Anniversary Name Dropper
    tmen said:
    tmen said:
    I can see Cashbacks on S&S ISA and Sipp and prize draws on Cash Isa and Lifetime ISA but can't see anything on transferring in Unit Trusts and Oeic is there no cashback on these or am I missing something

    Thanks
    Not sure where you're seeing that, the offer I see applies cashback to anything in an ISA or SIPP (which could be UT or OEICS of course), and the prize draw states "HL Cash ISA, Lifetime ISA, Stocks and Shares ISA or Personal Pension (SIPP)"

    Sorry I wasn't clear, I was looking to transfer Unit Trusts / Oeic to HL outside an ISA and Sipp and hoping to get cashback.

    Ah right, don't think so - it's quite rare to see offers for general investment accounts from HL, certainly not coming up to the end of a tax year where ISA/SIPP allowances become relevant. Last year they had an offer to get cashback on fees, which applied to any account, but that was in October or so.
  • Section62
    Section62 Posts: 9,536 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    tmen said:
    tmen said:
    I can see Cashbacks on S&S ISA and Sipp and prize draws on Cash Isa and Lifetime ISA but can't see anything on transferring in Unit Trusts and Oeic is there no cashback on these or am I missing something

    Thanks
    Not sure where you're seeing that, the offer I see applies cashback to anything in an ISA or SIPP (which could be UT or OEICS of course), and the prize draw states "HL Cash ISA, Lifetime ISA, Stocks and Shares ISA or Personal Pension (SIPP)"

    Sorry I wasn't clear, I was looking to transfer Unit Trusts / Oeic to HL outside an ISA and Sipp and hoping to get cashback.

    Ah right, don't think so - it's quite rare to see offers for general investment accounts from HL, certainly not coming up to the end of a tax year where ISA/SIPP allowances become relevant. Last year they had an offer to get cashback on fees, which applied to any account, but that was in October or so.
    I agree.  In HL language what the OP is looking for is a "Fund and Share Account" and there is no indication I've found that these are included in the cashback offer.
  • Nebulous2
    Nebulous2 Posts: 5,659 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    We're in the midst of transferring to Charles Stanley - looking at £900 net gain after a year. I posted details here. 

    Having all money with one brokerage or multiple brokerages for stock investment? - Page 2 — MoneySavingExpert Forum

    The SIPP is rumbling on. They sent me a paper form to fill in to ensure I wasn't being scammed. 

    The ISA has been remarkably quick though. They said 5-8 weeks for an in-specie transfer but stuff started moving across on the same day as we initiated the transfer. 

    At the moment 3 days later everything has moved across, including cash, but there is an ETF which is in both places at the same time. It's showing as having arrived at Charles Stanley and its still showing in Fidelity. 
  • granta
    granta Posts: 503 Forumite
    Tenth Anniversary 100 Posts Photogenic Name Dropper
    Nebulous2 said:
    We're in the midst of transferring to Charles Stanley - looking at £900 net gain after a year. I posted details here. 

    Having all money with one brokerage or multiple brokerages for stock investment? - Page 2 — MoneySavingExpert Forum

    The SIPP is rumbling on. They sent me a paper form to fill in to ensure I wasn't being scammed. 

    The ISA has been remarkably quick though. They said 5-8 weeks for an in-specie transfer but stuff started moving across on the same day as we initiated the transfer. 

    At the moment 3 days later everything has moved across, including cash, but there is an ETF which is in both places at the same time. It's showing as having arrived at Charles Stanley and its still showing in Fidelity. 
    I did some transferring across of ISAs to Charles Stanley in December too and found in specie transfers quick (one exception but the other provider is always notoriously slow!).

    Despite CS's high fees, I will make a healthy net gain for a year before transferring out. You get paid cashback per transfer so it was more profitable doing several lots of smaller transfers form different providers.

    And the £100 annual trade credits is a good bonus for helping me further simplify my portfolio over the year. There is a £10 per asset transfer out fee to note, and some additional SIPP charges if I recall correctly. 
    Customer service so far has been good.
  • orange-juice
    orange-juice Posts: 255 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    granta said:
    Nebulous2 said:
    We're in the midst of transferring to Charles Stanley - looking at £900 net gain after a year. I posted details here. 

    Having all money with one brokerage or multiple brokerages for stock investment? - Page 2 — MoneySavingExpert Forum

    The SIPP is rumbling on. They sent me a paper form to fill in to ensure I wasn't being scammed. 

    The ISA has been remarkably quick though. They said 5-8 weeks for an in-specie transfer but stuff started moving across on the same day as we initiated the transfer. 

    At the moment 3 days later everything has moved across, including cash, but there is an ETF which is in both places at the same time. It's showing as having arrived at Charles Stanley and its still showing in Fidelity. 
    ..
    Despite CS's high fees, I will make a healthy net gain for a year before transferring out. You get paid cashback per transfer so it was more profitable doing several lots of smaller transfers form different providers.
    ..
    Is that correct? I thought it was based on the total cash amount transferred?
  • granta
    granta Posts: 503 Forumite
    Tenth Anniversary 100 Posts Photogenic Name Dropper
    granta said:
    Nebulous2 said:
    We're in the midst of transferring to Charles Stanley - looking at £900 net gain after a year. I posted details here. 

    Having all money with one brokerage or multiple brokerages for stock investment? - Page 2 — MoneySavingExpert Forum

    The SIPP is rumbling on. They sent me a paper form to fill in to ensure I wasn't being scammed. 

    The ISA has been remarkably quick though. They said 5-8 weeks for an in-specie transfer but stuff started moving across on the same day as we initiated the transfer. 

    At the moment 3 days later everything has moved across, including cash, but there is an ETF which is in both places at the same time. It's showing as having arrived at Charles Stanley and its still showing in Fidelity. 
    ..
    Despite CS's high fees, I will make a healthy net gain for a year before transferring out. You get paid cashback per transfer so it was more profitable doing several lots of smaller transfers form different providers.
    ..
    Is that correct? I thought it was based on the total cash amount transferred?
    It was for the offer than ended December 2024, I don't know about the current one
  • granta
    granta Posts: 503 Forumite
    Tenth Anniversary 100 Posts Photogenic Name Dropper
    granta said:
    Nebulous2 said:
    We're in the midst of transferring to Charles Stanley - looking at £900 net gain after a year. I posted details here. 

    Having all money with one brokerage or multiple brokerages for stock investment? - Page 2 — MoneySavingExpert Forum

    The SIPP is rumbling on. They sent me a paper form to fill in to ensure I wasn't being scammed. 

    The ISA has been remarkably quick though. They said 5-8 weeks for an in-specie transfer but stuff started moving across on the same day as we initiated the transfer. 

    At the moment 3 days later everything has moved across, including cash, but there is an ETF which is in both places at the same time. It's showing as having arrived at Charles Stanley and its still showing in Fidelity. 
    ..
    Despite CS's high fees, I will make a healthy net gain for a year before transferring out. You get paid cashback per transfer so it was more profitable doing several lots of smaller transfers form different providers.
    ..
    Is that correct? I thought it was based on the total cash amount transferred?
    Having looked at the current offer, I think the same terms apply as last year, so it is per account transferred. This may be good or bad for you depending on how your portfolio is structured
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