The Cashback for Bank or Investment Accounts Discussion Thread

artyboy

https://forums.moneysavingexpert.com/discussion/comment/82001760#Comment_82001760

Well mine was finally activated after 5 hours, but no banner. I queried with the AI chat bot which claimed there is no Nvidia promotion, only one for Rolls Royce or Barclays or a few others. And that IGNVD isn't a valid code (even though the app told me it was when I first entered it).

So I guess that's that, congratulations to those that did get in here, but I'm not going to waste any more time on it

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82001912#Comment_82001912

Thanks, didn't notice the other thread

Clare43

I’ve done the Freetrade account and deposited £50 to get the free share. Seems like have to wait between 7-10 days before actually get it going by the T&C. It also talked about free shares for referring a friend. Is this a separate offer ?

TheTelltaleChart

https://forums.moneysavingexpert.com/discussion/comment/82001385#Comment_82001385

Cashback, so tax free.

Yes, for that reason there is no tax on receiving a free share.

In my accounting I have two transactions: 1., I take the opening position price as the cashback and then 2., buy the share with that amount. Then when I sell any subsequent change in price I treat as a capital gain or loss.

No: when you sell it, the sale is subject to CGT, and when calculating the gain you can deduct the acquisition costs, which are 0. You are not free to imagine 2 transactions, neither of which really happened: that way tax evasion lies.

You may point out that it would be have been more tax efficient if the cashback had been in the form of cash, which you then used to buy a share, instead of in the form of a free share. True; it's just that that's not what happened.

winkowinko

https://forums.moneysavingexpert.com/discussion/comment/82002100#Comment_82002100

I think so. The refer a friend offer is essentially an ongoing one.

Clare43

https://forums.moneysavingexpert.com/discussion/comment/82002111#Comment_82002111

Thanks. I can only see to find the T&C for referring a friend and not the ones for just opening a new account now so wasn’t certain. Guess I’ll wait and see what free share I get.

winkowinko

https://forums.moneysavingexpert.com/discussion/comment/82002119#Comment_82002119

Where have you seen that offer? I can only see the refer a friend one.

Clare43

https://forums.moneysavingexpert.com/discussion/comment/82002138#Comment_82002138

It’s mentioned on page one of this thread as far as I’m aware. It doesn’t mention anything about needing to refer a friend.

winkowinko

https://forums.moneysavingexpert.com/discussion/comment/82002160#Comment_82002160

I see. I assume the t's and c's can be found here. It shows 2 different links. One for an affiliate referral, and a seperate one for the refer a friend offer.

freetrade.app.link/td-isa-2023?%243p=a_tradedoubler&~campaign=TradeDoubler&~secondary_publisher=Money+to+the+Masses&~click_id=8c925cf5cc0e225676942d37c01b3e94&p=a_tradedoubler

soulsaver

https://forums.moneysavingexpert.com/discussion/comment/82001929#Comment_82001929

XTB

In the app. tap the profile/person outline in a circle top left/tap get a free stock/deposit 200 GBP/'add money' to add the £200/ and follow the instructions…