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interactive investor unveils tempting new SIPP and ISA cashback offers

12th May 2022 Print

interactive investor unveils tempting new SIPP and ISA cashback offersinteractive investor, the UK’s second largest investment platform for private investors, has launched two new cashback offers that give qualifying customers a substantial cashback when they transfer an ISA or SIPP to ii by 30 June 2022. 

The first of these offers entitles new customers to £100 cashback if they transfer an ISA with a value of more than £10,000.

The second offer is not restricted to new customers alone – both new and existing customers transferring a SIPP to ii could get up to £2,000 cashback, depending on the size of their respective pension pots.

These cashback offers come after a range of innovations from ii, including its new standalone low-cost SIPP, Pension Builder, which is outstanding value at just £12.99 per month. 

Moira O’Neill, Head of Personal Finance, interactive investor, says: “These new cashback offers come at a time when many savers will be counting every single pound and penny. We also launch them at a time when eking out a return from cash is still extremely difficult, even after three interest rate rises from the Bank of England since the start of the year. 

“Our offer is also backed up by a great value proposition that can save Sipp and ISA investors many thousands of pounds in the long run. Over a lifetime of investing the compounding effect of lower fees can mean the difference between a frugal and a comfortable retirement.

“Our flat fee is fantastic value for those with larger pot sizes, with a monthly subscription that is modern, transparent and helps people keep track of their investment platform fees. Our new £12.99 Pension Builder is outstanding value, and our ISA comes with a free trading account, free Junior ISA for kids, and a free trade every month – all for £9.99 per month.

“Underpinning all our products is free regular investing for funds, investment trusts and popular UK shares. The ability to make regular monthly contributions for free, potentially benefitting from pound-cost averaging, is particularly useful in volatile markets such as these.”

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