£100 Investment Boost Reward – Terms and Conditions
1. The following terms and conditions apply to this Investment Boost Reward Promotion (the “Promotion”).
2. Nutmeg Savings and Investment Limited (“Nutmeg”) is the promoter.
3. As part of this Promotion, you’ll get a £100 “Investment Boost Reward” added to your Nutmeg account under ‘unallocated cash’ as long as you:
a. are an existing Chase UK customer;
b. are an Eligible New Nutmeg Client (see what this means in section 9 below);
c. open a Nutmeg account through the Chase UK app;
d. invest a minimum of £1,000 with Nutmeg within the Offer Period (see the offer period dates in section 8 below) by opening and funding a Nutmeg ISA, Lifetime ISA (“LISA”), Junior ISA (“JISA”), general investment account, pension (also referred to as a “Nutmeg Product”) or any combination of these;
e. maintain the minimum investment amount for your Nutmeg Product (as set out in section 11); and
f. remain a Nutmeg client up to 30th June 2023
4. As long as you remain a Nutmeg client, the Investment Boost Reward will be added to your Nutmeg account as ‘unallocated cash’ within 5 business days of 30th June 2023.
5. Once you become a Nutmeg client, the main agreement between you and Nutmeg is outlined in the Nutmeg Standard T&Cs. These Promotion terms (the “Promotional Offer T&Cs”) set out additional terms, including some terms which amend the Nutmeg Standard T&Cs. You should read both sets of T&Cs before taking part in this Promotion.
6. The capitalised words in these Promotional Offer T&Cs have the same meaning as in the Nutmeg Standard T&Cs, unless they are expressly given a different meaning here.
7. If there is an inconsistency between (a) the Promotional Offer T&Cs; and (b) the Nutmeg Standard T&Cs, these Promotional Offer T&Cs will apply.
Availability
8. This Promotion:
a. opens at 00:01 on 31st January 2023; and
b. closes at 23:59 on 5th April 2023
(this is called the “Offer Period”).
9. This Promotion is open to people who:
a. have not invested with, or used the services of Nutmeg before;
b. meet the eligibility requirements in sections 1.1 and 1.2 of the Nutmeg Standard T&Cs at the date of opening a Nutmeg account;
c. are a UK resident; and
d. are not a US national
(this is what we mean when we refer to an “Eligible New Nutmeg Client”).
10. If you sign up to Nutmeg and then do not wish to take part in this Promotion, please email support@nutmeg.com as soon as possible after opening your account. You’ll need to let us know before 12th May 2023.
11. Please keep in mind, in order to have a portfolio and/or for Nutmeg to provide you with services, you must make and maintain a minimum investment into each Nutmeg Product. For the Nutmeg general investment account, ISA and personal pension account, this is £500. For the LISA and JISA, this is £100.
12. By opening and funding a Nutmeg Product in accordance with section 15 below, you’re agreeing to these Promotional Offer T&Cs and the Nutmeg Standard T&Cs.
13. This Promotion cannot be used:
a. in conjunction with any other Nutmeg offer or promotion, unless stated otherwise; or
b. to invest into a 100%-cash pot
14. There’s only one Investment Boost Reward per person.
Getting the Investment Boost Reward
15. To get the Investment Boost Reward, you must do each of the following:
a. have an existing Chase UK account before investing with Nutmeg;
b. sign up to Nutmeg through your Chase UK account on the Chase UK app;
c. invest a minimum of £1,000 within the Offer Period by opening and funding a Nutmeg Product;
d. maintain the minimum investment amount for your Nutmeg Product (as set out in section 11); and
e. remain an Eligible New Nutmeg Client up to and including 30th June 2023.
When and how the Investment Boost Reward will be paid
16. The Investment Boost Reward will be paid into your Nutmeg account within 5 business days of 30th June 2023.
17. If a product transfer request, initiated during the Offer Period, is not complete by 30th June 2023, the Investment Boost Reward will be paid into your account within 1 month of the transfer completion.
18. In every case:
a. the Investment Boost Reward will be added as 'unallocated cash' and Nutmeg will let you know that you have cash waiting for allocation. You can then choose which fund to allocate this cash to, or submit a request to withdraw the unallocated cash;
b. the ‘unallocated cash’ is not part of an ISA, JISA, LISA or pension tax wrapper. If you want to add this to your Nutmeg ISA, JISA or LISA you’ll need to transfer the cash into the relevant wrapper. This will be treated as a contribution into the tax wrapper and is subject to contribution limits under the relevant tax rules of each tax product. Clients are responsible for making any contribution into a tax wrapper and should check they do not exceed contribution limits; and
c. if you want to allocate the Investment Boost Reward amount to your Nutmeg pension you’ll first need to withdraw the Investment Boost Reward from ‘unallocated cash’. The Investment Boost Reward will then be transferred to the bank account associated with your Nutmeg account. You can then make a contribution to your Nutmeg pension by Direct Debit.
General
19. Nutmeg cannot be held responsible for any issue or delays in transferring your ISA, LISA, JISA, or pension caused by the other provider.
20. In addition to its rights in the Nutmeg Standard T&Cs, Nutmeg reserves the right to change, terminate or withdraw the Promotion:
a. Immediately, at any time without prior notice to you in cases of:
i. suspected abuse, fraud or violation of its rules; or
ii. your failure to comply with any obligations under these Promotional Offer T&Cs; or
iii. unexpected operational constraints; or
b. immediately, at any time by providing notice on its website (www.nutmeg.com).
21. Nutmeg charges management and other fees.
22. Chase is a trading name of J.P. Morgan Europe Limited. Nutmeg is part of the same group as J.P. Morgan Europe Limited. Products provided by Nutmeg and not guaranteed by Chase. Chase is not the promoter of this Promotion and is in no way responsible for its administration.
23. These terms and conditions shall be governed by English law, and the parties submit to the non-exclusive jurisdiction of the courts of England and Wales.
Nutmeg Saving and Investment Limited is authorised and regulated by the Financial Conduct Authority, whose address is 12 Endeavour Square, London E20 1JN, www.fca.org.uk. Our firm registration number is 552016. Nutmeg is covered by the Financial Services Compensation Scheme. There is more information about this in our Standard Terms and Conditions.