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SIPP cashback offer

SIPP cashback offer

Apply to transfer your pensions to us, and you could be rewarded with £100 to £4,000 cashback. Terms apply.

transfer to us

Consolidating your pensions can make it easier to manage your retirement planning.

Whatever your retirement goals, our SIPP could help you achieve them.

At interactive investor we don’t charge exit fees. We don’t want this to be a hostage to fortune – we think they are wrong. If you choose us, we will contribute up to £4,000 towards the cost of your exit fees.

You could receive £100 to £4,000 cashback if you apply by 2 August 2019.

Before you decide to transfer an existing pension into our SIPP, we recommend that you seek the advice of a suitably qualified financial adviser. Neither we nor Investor SIPP Trustees Limited are able to offer advice. Please read our transfer in guide.

Why choose the ii SIPP

Our fair flat fees mean you get better value in the long term.

More investment opportunities than any other provider.

Impartial, expert intelligence so you can make better investment choices.

Award-winning services and tools to help you become a better investor.

You can transfer the following types of pension into our SIPP:

  • Personal Pension Plans
  • Pensions in drawdown
  • Other SIPPs
  • Executive Pension Plans
  • Free Standing Additional Voluntary Contributions (FSAVCs)
  • Small Self-Administered Schemes (SASS)
  • Stakeholder pension plans
  • Occupational Money Purchase Plans
  • Retirement Annuity Plans
  • Recognised Overseas Pensions schemes

We can also help with Defined Benefit Pension Plans, and others with 'safeguarded' benefits, where you have received advice to confirm it is in your interests to do so. Find out more here.

Cashback offer

Apply to transfer your existing pensions to us between 3 June and 2 August 2019 (inclusive), and you could be rewarded with £100 to £4,000 cashback. Terms apply

Offer available to both new and existing ii SIPP customers. Please note: your transfer must start between the dates specified. Transfers that start before the offer but complete during the eligible time period will not qualify.

Online transfers only. Minimum transfer of £25,000 applies.

Open a SIPP

If you don’t already have a SIPP with us, your first step is to open one. This is quick and easy to do online.

You’ll need your National Insurance number and details of the pension(s) to be transferred.

open an ii SIPP

Start your transfer online

Our online transfer process aims to make it quick and easy to submit your request.

If your current provider needs a signed authority then at the end of the application process we’ll ask you to print, sign and send us the transfer authority.

start transfer

We'll take it from there

We’ll liaise with your current provider(s) and provide you with regular progress updates.

How we will pay the cashback to you

Cashback will be paid within 30 days of the completion of your last qualifying transfer request and will only be paid into a linked Trading Account.

To add a Trading Account, log in, select 'add an account' from the 'account' menu, choose 'Trading Account' from the available options and follow the instructions. Your new Trading Account will automatically be linked to your ii SIPP.

Important information: Once your transfer has been initiated you will be "out of the market" and unable to sell existing investments or invest any cash balance until received into your new account. This may work either to your advantage or disadvantage. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure about the suitability of a particular investment or whether transferring your assets is the right course of action you should speak to suitably qualified financial adviser.

SIPP cashback offer terms*

1. Subject to these offer terms, you will be entitled to receive a cashback payment from Interactive Investor Services Limited (“ii”, “us”, “we” or “our”) if you submit a Qualifying Transfer to us (as defined below) between 3 June 2019 and 2 August 2019 (inclusive) (the “Offer Period”). The cashback amount will be calculated in accordance with the table below.

Qualifying Transfer amount Cashback
£25,000 - £100,000 £100
£100,000.01 - £250,000 £250
£250,000.01 - £500,000 £500
£500,000.01 - £1,000,000 £1,000
£1,000,000.01 - £2,000,000 £2,000
+£2,000,000 £4,000

2. The offer only applies to a transfer of a pension from another pension provider outside the ii group into a new or existing ii SIPP (each a "Qualifying Transfer"). For the avoidance of doubt, the offer does not apply to investments already held in an ii account, investments already held in an account with Alliance Trust Savings Limited, to transfers of investments between existing accounts and/or to transfers into any ISA, Junior ISA, Trading Account and/or Pension Trading Account.

3. Cashback is only payable if the total value of Qualifying Transfers you submit to us during the Offer Period is at least £25,000. One cashback payment will be made based on the total value of Qualifying Transfers you submit to us during the Offer Period. We reserve the right to determine in our absolute discretion the valuation of each Qualifying Transfer and the amount of cashback payable. Non-cash assets will generally be valued on the date we process the existing provider’s valuation, using the closing price of the shares or units on the previous working day. The maximum cashback you can receive under the offer is £4,000

4. You must be over 18 and a UK resident to be eligible for the offer.

5. You must be living at a UK residential address at the time of submitting and completing your Qualifying Transfer.

6. We will only pay cashback into a Trading Account that is linked to your ii SIPP. Cashback will be credited to your Trading Account by the later of: (i) the date falling 30 days after the last relevant Qualifying Transfer is completed; and (ii) the date falling 30 days after the date on which you open a Trading Account. Cashback sums will not be paid by any other means.

7. The offer is not intended to be taken as advice or any personal recommendation to transfer any investment(s) from your existing provider. If you are unsure whether transferring is right for you, you should take independent financial advice.

8. The offer is funded by ii. Any cashback you are eligible for will not be drawn from your investments.

9. Anyone who is seen to be abusing the offer may be excluded at ii’s absolute discretion.

10. ii reserves the right to amend or withdraw these terms at any time without notice.

11. Your ongoing entitlement to any cashback received is subject to you keeping your ii SIPP open for a minimum of 12 months from the date of completion of the last Qualifying Transfer (the "Minimum Term"). We reserve the right to reclaim, and you agree to repay, any cashback amount paid if your ii SIPP is closed or transferred prior to the expiry of the Minimum Term. Please note that the relevant ii SIPP Terms will apply to any such transfer or withdrawal and fees as shown in our Rates & Charges may apply.

12. The cashback offer cannot be used in conjunction with any other transfer offer.

13. These offer terms are governed by English law.

14. These terms must be read in conjunction with the relevant ii SIPP Terms. In the event of any conflict between these terms and the relevant ii SIPP Terms, these offer terms shall prevail.

15. Interactive Investor Services Limited is the promoter of this offer. Its registered office is at Exchange Court, Duncombe Street, Leeds, LS1 4AX.

* updated 09/07/2019