The Cashback for Bank or Investment Accounts Discussion Thread

winkowinko

Didn't want to mention in the 'no chat' thread, but the IG offer for new accounts is actually upto £200, not the £100 stated. The current offer, until the 31 Dec is 10% of upto £2000.

IG hikes cashback for new customers to 10%: Is it worth signing up? | This is Money

artyboy

winkowinko said:

Didn't want to mention in the 'no chat' thread, but the IG offer for new accounts is actually upto £200, not the £100 stated. The current offer, until the 31 Dec is 10% of upto £2000.

IG hikes cashback for new customers to 10%: Is it worth signing up? | This is Money

I'm deliberately avoiding that as I want the larger £1000 from transferring in £100k of investments. IG is very clear you don't get both, and if you've done anything to trigger the £200 capped offer, then that's all you get

artyboy

refluxer said:

artyboy said:

Well they just closed my fixed isa, presumably because although the law allows multiple cash ISAs in the same year, Santander does not (at a wild guess... legacy system constraints...?). So my cashback appeal isn't going to get very far with that one.

Maybe once the Instant ISA cashback is payable, I'll close that and have another go with the fixed one...

Reopened a new edge saver, nothing tracked (no surprise) but at least I have the OLA number this time!

Did you fund the instant ISA with a small deposit ? You can open more than one cash ISA with Santander but they only accept new subscriptions into one in any one tax year so if you open two, you'd need to fund one of them with a transfer.

If you pay new subscriptions into one and then close it, I'm not sure what would happen if you tried to open another for further subscriptions.

Yes, £500 in each as it was the stated minimum, and I didn't want them being closed before cashback became payable. And yes it was new money. I guess I could give the fixed one another go, if I can do a partial transfer out of my HL S&S ISA, although for £25, it would have to be on a day when I really don't have anything better to do!

winkowinko

artyboy said:

winkowinko said:

Didn't want to mention in the 'no chat' thread, but the IG offer for new accounts is actually upto £200, not the £100 stated. The current offer, until the 31 Dec is 10% of upto £2000.

IG hikes cashback for new customers to 10%: Is it worth signing up? | This is Money

I'm deliberately avoiding that as I want the larger £1000 from transferring in £100k of investments. IG is very clear you don't get both, and if you've done anything to trigger the £200 capped offer, then that's all you get

Fair enough, but you could probably get your £1000 cashback from a different provider AND get £200 from IG for a £2k investment.

artyboy

winkowinko said:

artyboy said:

winkowinko said:

Didn't want to mention in the 'no chat' thread, but the IG offer for new accounts is actually upto £200, not the £100 stated. The current offer, until the 31 Dec is 10% of upto £2000.

IG hikes cashback for new customers to 10%: Is it worth signing up? | This is Money

I'm deliberately avoiding that as I want the larger £1000 from transferring in £100k of investments. IG is very clear you don't get both, and if you've done anything to trigger the £200 capped offer, then that's all you get

Fair enough, but you could probably get your £1000 cashback from a different provider AND get £200 from IG for a £2k investment.

Ummmm... this isn't my first rodeo, really it isn't. The last 2 years have been very good to me for pension cashback, and I have got another £3500 pending from 3 different offers. So when a new offer comes along, I tend to take it!

I suppose this might be considered the pension specific incentives chat thread:

https://forums.moneysavingexpert.com/discussion/6426220/pension-switching-incentives#latest

tg99

Regarding free shares received from Freetrade or Trading 212 for their referral offers, does anyone know if the gain when you sell them that is liable to CGT is calculated using a base cost of zero (since the share was free) or using a base cost of the value of the share at the time it was awarded? I did ask the question a couple of years ago on the forum when a response suggested the base cost to be used should be zero but wondering if any different views / evidence to the contrary since, particularly as I’m sure I read a discussion on here a few months back where it was suggested that the value on date of award should be used. 

wmb194

tg99 said:

Regarding free shares received from Freetrade or Trading 212 for their referral offers, does anyone know if the gain when you sell them that is liable to CGT is calculated using a base cost of zero (since the share was free) or using a base cost of the value of the share at the time it was awarded? I did ask the question a couple of years ago on the forum when a response suggested the base cost to be used should be zero but wondering if any different views / evidence to the contrary since, particularly as I’m sure I read a discussion on here a few months back where it was suggested that the value on date of award should be used. 

Think of it as two transactions. E.g., you receive £100 cashback (tax free) for opening an account and then you buy £100 worth of shares with that cashback. So £100 is the base cost.