There's no maximum transfer amount – but the largest investment boost you can get is £3,000 and the most Avios is 300,000. To qualify for these, you need to transfer £300,000 or more. 

You can transfer cash ISAs and stocks and shares ISAs, plus all types of Lifetime ISAs and Junior ISAs. You can also transfer a Child Trust Fund into a Junior ISA – but you can only have one of these, not both. 

Yes! We'll base your reward on the total amount of money transferred, whether you make one transfer or multiple, and this can come from a mix of ISAs.

You can't transfer to our Lifetime ISA in the app, but you can on our website. Just so you know, transfers to our ISA and Junior ISA can be done in the app.

No, your reward is based on the total amount you transfer by the offer deadline – 23:59 on 25th September 2024.

Within six months of your transfer being started, as long as the transfer is complete by then. If it's still in progress after six months, you'll get your reward within sixty days once the transfer is complete. Either way, we'll let you know. 

No, this offer is open to both new and existing clients. You will need to create a Nutmeg account to make your transfers – the steps for registering are further up this page. We're sorry, but this offer isn't available to clients with a John Lewis Investments account.

Avios are the loyalty currency of the British Airways Executive Club and partners which can be spent on flights, hotels, experiences and more. Learn how to collect and spend Avios.

It's best to get in touch with British Airways Executive Club.If you don't enter your membership number when registering, you'll get an investment boost instead – so if you're avid about Avios, have your membership number to hand. 

No, this Avios offer is only for clients with a British Airways Executive Club membership number. Not a member? Join the Club.

It's a cash reward that we'll pay directly into your Nutmeg account as 'unallocated cash' for you to choose which pots to allocate it to, or to withdraw it. Remember, while it's unallocated the money won't be in a tax-efficient account, like an ISA.

No, you'll need to choose either an investment boost or Avios.

It's okay – as long as any eligible transfers are initiated by 23:59 on 25th September 2024.

You can use our handy transfer tracker! You'll find it on your Nutmeg dashboard. Plus, we'll email you whenever there's a change to your transfer's progress.

No, not from us! But please check if your old provider will charge you, before you initiate the transfer.

Your investments will be sold during the transfer process, and so will temporarily be out of the market.

Just so you know, you can use our ISA transfer offer as well as our pension transfer offer, but you’ll need to register for each one separately. You can also use this offer to earn a reward if you previously joined Nutmeg using a different promotion.

Avios and Investment Boost ISA Transfer Offer 2024

The Offer

1. The following terms and conditions apply to this ISA transfer offer promotion (the “Promotion”). The terms set out here are the “Promotional Offer T&Cs”.

2. As part of this Promotion, if you transfer a minimum amount of £5,000 from an existing

a. Individual Savings Account (“ISA”) and/or

b. Lifetime ISA (“LISA”) and/or

c. Junior ISA (“JISA”) or Child Trust Fund 

to Nutmeg Saving & Investment Limited (“Nutmeg”) between 25th June 2024 and 25th September 2024, you will receive a reward (the amount depends on how much you transfer) as follows:

a. cashback into your portfolio as “unallocated cash” (defined in paragraph 16 in these Promotional Offer T&Cs), with a minimum cashback of £25 up to a maximum cashback of £3,000 as set out in Table 1 below (the “Investment Boost Reward”); OR

b. an Avios reward, with a minimum of 2,500 Avios up to a maximum of 300,000 Avios as set out in Table 1 below (the “Avios Reward”).

3. You must opt for either the Investment Boost Reward or the Avios Reward. You cannot receive both, they are not cumulative and may not be combined.

4. To receive the Avios Reward, you must have a British Airways Executive Club membership. If you don't already have one and would like to receive the Avios Reward, please set up a membership before completing steps c and d in section 13 below. 

5. The main agreement between you and Nutmeg which covers the provision of investment services to you by Nutmeg is set out in the Nutmeg Standard Terms and Conditions (“Nutmeg Standard T&Cs”). The Promotional Offer T&Cs set out additional terms, including some terms which amend the Nutmeg Standard T&Cs. You should read both the Nutmeg Standard T&Cs and the Promotional Offer T&Cs before redeeming the Investment Boost Reward or the Avios Reward.

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.

8. By completing the product transfer request in accordance with paragraph 12 or 13 below, you are agreeing to be bound by these Promotional Offer T&Cs and the Nutmeg Standard T&Cs.

Availability

9. The Promotion will run from 00:01 on 25th June 2024 to 23:59 on 25th September 2024 (the “Promotion Period”).

10. This Promotion is open to New and Existing Customers (defined below) who wish to transfer an existing ISA, JISA/Child Trust Fund or LISA from another provider to Nutmeg.

a. “Existing Customers” are individuals who are Nutmeg customers that have opened an account before 25th June 2024.

b. “New Customers” are individuals who:

i. Have not invested with, or used the services of Nutmeg before; and

ii. 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; and

iii. Will be transferring an existing ISA, JISA/Child Trust Fund or LISA into a Nutmeg Stocks and Shares ISA, JISA or LISA.

11. This Promotion cannot be claimed:

a. in conjunction with any other Nutmeg offer or promotion; or

b. to transfer any eligible product into a Nutmeg 100%-cash pot; or

c. by those currently holding an account with John Lewis Investments.

Accepting the offer - Investment Boost Reward

12. To accept Nutmeg’s offer, and receive the Investment Boost Reward (into “unallocated cash”) as set out in Table 1 below, you must do each of the following things during the Promotion Period:

a. Initiate a transfer of an existing ISA, JISA/Child Trust Fund and/or LISA (as applicable) via your Nutmeg dashboard into a Nutmeg Stocks and Shares ISA, JISA or LISA;

b. Ensure that the transfer(s) you initiate meets the minimum transfer value of £5,000. If you complete multiple transfers, the cumulative value of the transfers will count towards the minimum transfer value; and

c. Fully complete and submit the promotion registration form via the relevant link: http://www.nutmeg.com/promo/isa-transfer-offer

Accepting the offer – Avios Reward

13. To accept Nutmeg’s offer, and receive the Avios Reward as set out in Table 1 below, you must do each of the following things during the Promotion Period:

a. Initiate a transfer of an existing ISA, JISA/Child Trust Fund and/or LISA via your Nutmeg dashboard into a Nutmeg Stocks and Shares ISA, JISA or LISA;

b. Ensure the transfer(s) you wish to initiate meets the minimum threshold of £5,000. If you complete multiple transfers, the cumulative value of the transfers will count towards the minimum threshold;

c. Fully complete and submit the promotion registration form via the relevant link: http://www.nutmeg.com/promo/isa-transfer-offer; and

d. provide a valid British Airways Executive Club membership number in the promotion registration form.

14. If you fail to provide to Nutmeg a valid British Airways Executive Club membership number, Nutmeg reserves the right to provide you with the Investment Boost Reward instead of the Avios Reward.


Table 1a

• Transferred Value: £5,000 - £9,999 = Investment Boost Reward: £25
• Transferred Value: £10,000 - £24,999 = Investment Boost Reward: £50
• Transferred Value: £25,000 - £29,999 = Investment Boost Reward: £150
• Transferred Value: £30,000 - £49,999 = Investment Boost Reward: £200
• Transferred Value: £50,000 - £99,999 = Investment Boost Reward: £500
• Transferred Value: £100,000 - £149,999 = Investment Boost Reward: £1,000
• Transferred Value: £150,000 - £199,999 = Investment Boost Reward: £1,500
• Transferred Value: £200,000 - £299,999 = Investment Boost Reward: £2,000
• Transferred Value: £300,000+ = Investment Boost Reward: £3,000
  

Table 1b

• Transferred Value: £5,000 - £9,999 = Avios Reward 2,500
• Transferred Value: £10,000 - £24,999 = Avios Reward 5,000
• Transferred Value: £25,000 - £29,999 = Avios Reward 15,000
• Transferred Value: £30,000 - £49,999 = Avios Reward 20,000
• Transferred Value: £50,000 - £99,999 = Avios Reward 50,000
• Transferred Value: £100,000 - £149,999 = Avios Reward 100,000
• Transferred Value: £150,000 - £199,999 = Avios Reward 150,000
• Transferred Value: £200,000 - £299,999 = Avios Reward 200,000
• Transferred Value: £300,000+ = Avios Reward 300,000
  
  *For the avoidance of doubt, the Investment Boost Reward and Avios Reward are not cumulative in nature and cannot be combined.

When and how the Investment Boost Reward will be paid

15. The Investment Boost Reward will be paid to your account within six (6) months of your product transfer request being initiated, provided that all product transfers initiated during the Promotion Period collectively meet the minimum transfer value of £5,000 and have completed. If product transfers require more than six (6) months to be completed, the Investment Boost Reward will be paid to your account within sixty (60) days of completion.

16. In each case:

a. The Investment Boost Reward will be held in "unallocated cash" and you will be notified within your Nutmeg account that you have cash waiting for allocation. You can then choose which pot to allocate this cash to, or submit a  request to withdraw the "unallocated cash".

b. The “unallocated cash” sits within your Nutmeg account, but is not part of an ISA, JISA, LISA or pension tax wrapper. If you want to add this to a Nutmeg pot or withdraw to your bank account, you can do so from the account. Adding the cash to an ISA, LISA, JISA or personal pension 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 all contributions into a tax wrapper and should check that any such contributions do not exceed allowable contribution limits.

When and how the Avios Reward will be paid

17. The Avios Reward will be awarded to your British Airways Executive Club account within six (6) months of your product transfer being initiated, provided that all transfers initiated during the Promotion Period meet the minimum transfer value of £5,000 and have completed. If product transfers require more than six (6) months to be completed, the Avios Reward will be awarded to your British Airways Executive Club account within sixty (60) days of completion.

General
18. Nutmeg cannot be held responsible for any issue or delays in transferring your ISA, JISA/Child Trust Fund or LISA caused by your current provider.

19. 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 the Promotion Offer T&Cs or

ii. your failure to comply with any obligations under these Promotional Offer T&Cs; or

b. immediately, at any time by providing notice on its website (www.nutmeg.com). Where this Promotion is changed, terminated or withdrawn in accordance with this paragraph 19, these Promotional Offer T&Cs will no longer apply.

20. These Promotional Offer T&Cs shall be governed by English law, and the parties submit to the non-exclusive jurisdiction of the courts of England and Wales.

Additional terms applicable to this offer

21. Terms and Conditions applicable to Avios redemptions. Reward flights are subject to availability. Taxes, fees and carrier charges apply. Avios are issued and redeemed in accordance with British Airways Executive Club Terms and Conditions. For full details see www.britishairways.com/en-gb/executive-club/about-the-club

22. Nutmeg is the sole arbiter of this Promotion excluding the redemption of Avios which are subject to British Airways Executive Club Terms and Conditions.

23. Nutmeg charges management and other fees. The details are available  here.

Nutmeg Saving and Investment Limited is authorised and regulated by the Financial Conduct Authority, whose address is 12 Endeavour Square, London E201JN,  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 the Nutmeg Standard T&Cs.