The Cashback for Bank or Investment Accounts Discussion Thread

happybagger

I split my 200 over 5 different FTSE shares

Assuming the 200 bonus does get paid, intend to cash the bonus out and leave the shares in there. Maybe.

Nick_C

https://forums.moneysavingexpert.com/discussion/comment/81876411#Comment_81876411

I had no problems placing an order after hours on Friday. It should complete this morning when markets open. I just selected a limit of £202

bioboybill

https://forums.moneysavingexpert.com/discussion/comment/81876462#Comment_81876462

I went for the Invesco All World ETF, and so did my wife. We will keep it there long term and add the cash back if/when it comes.

cloud_dog

Just a question on taxation of cashback payments.

I've read in places that 'cashback' is not included as taxable income. Is this absolute or simply dependant on if the financial organisation reports it to HMRC and how they might report (categorise) it?

Specifically, this relates to our Fidelity cashbacks last year.

topyam

https://forums.moneysavingexpert.com/discussion/comment/81876821#Comment_81876821

Roughly how much did it cost to buy? Seeing q a few Invesco ones on IG

bioboybill

https://forums.moneysavingexpert.com/discussion/comment/81877014#Comment_81877014

Well the price is up and down. Currently about £6.34. You would need to deposit £203 and buy 32 shares at that price. The T&CS don't say you have to spend the whole £200, but I was happy to in order to not look like a bonus abuser. That's Invesco FTSE All-World UCITS ETF.

Mamma2004

The XTB offer was a breeze 😁 - deposited £1, the free share (valued at £12.25) came through immediately.

As it was Sunday night the market was closed but RR was up this morning and share sold for £12.51.

Nice little money earner for 5 minutes effort!

topyam

https://forums.moneysavingexpert.com/discussion/comment/81877080#Comment_81877080

Chose that one too.

Just to check - are there any forms that need filled out for the offer? Or is it now a case of sit and wait?

bioboybill

https://forums.moneysavingexpert.com/discussion/comment/81877243#Comment_81877243

It was just a matter of clicking on the link for the offer on page 1 of this thread and clicking on the offer on IG. Deposit and place a trade. Then leave open until end of July when you should get £200.

norton66

https://forums.moneysavingexpert.com/discussion/comment/81877243#Comment_81877243

I entered the offer code (actually it was pre-filled) when I set up the share account and subsequently received an email confirming that the offer had been applied to my account. Tbf, the email may have been prompted as I was yet to deposit into the account.