2024 SIPP Transfer Offer Terms

Validity Period

08/07/2024 - 31/12/2024
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Introduction

1. Freetrade Limited’s (“Freetrade”, “we”, “us” or “our”) SIPP Transfer Offer Campaign (“SIPP Transfer Campaign”) is offered subject to these SIPP Transfer Offer Campaign Terms & Conditions (“SIPP Transfer Campaign Terms & Conditions”). By taking any actions under the SIPP Transfer Campaign, you agree to be bound by these SIPP Transfer Campaign Terms & Conditions. These SIPP Transfer Campaign Terms & Conditions are governed by English law.

2. Under the SIPP Transfer Campaign, one (1) percent cashback of the value of the final transfer amount will be awarded to a relevant Account Holder who meets the criteria set out in these SIPP Transfer Campaign Terms & Conditions. In these SIPP Transfer Campaign Terms & Conditions, the one (1) percent cashback award of the value of the Transfer Value is referred to as the “Award”.

3. The SIPP Transfer Campaign will be valid for the Validity Period, unless we extend that Validity Period. We may withdraw or amend these SIPP Transfer Campaign Terms & Conditions to the extent that the withdrawal or amendment is not to your detriment, by updating them on our website. 

4. “Freetrade SIPP Account” means a Freetrade SIPP which is opened by you before or during the Validity Period. Freetrade Accounts are subject to Freetrade’s Terms and Conditions (which can be found here) and the Freetrade SIPP Terms.
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How you qualify for an Award

5.  In order to qualify for an Award, you must:

• (a) be the Account Holder of a Freetrade SIPP Account; 
• (b) have passed all of our onboarding checks;
• (c) be a UK tax resident; 
• (d) have completed a W-8BEN form; 
• (e) have an annual Freetrade Plus subscription; and
• (f) have initiated one or more Qualifying Transfers into a Relevant Freetrade SIPP Account during the Validity Period stated above, which together have a Transfer Value of at least £10,000.

6. A “Qualifying Transfer” means one or more transfers from another pension provider which are made into a Freetrade SIPP Account and which: 

• (a) are initiated by you during the Validity Period using a form, provided by Freetrade, which you must complete by telling us you wish to make a transfer in from another pension provider; and
• (b) the transfer must be completed by 28 February 2025, unless a delay to the transfer is outside the customer’s reasonable control, in which case we will have the discretion to make an Award and; 
• (c) Contributions into your Freetrade Account are not Qualifying Transfers.

7. You will only remain eligible for an Award after you have met the criteria in 5 and 6 above if you:

• (a) keep the Freetrade SIPP Account open until the Award is made; 
• (b) keep any annual Freetrade subscription in effect until after the Award is made and pay your subscription fee on time; and
• (c) do not downgrade your Freetrade subscription;
• (d) do not make a withdrawal or transfer which causes the value of the Freetrade SIPP Account to reduce by more than the Transfer Value, at any time before we make the Award; and
• (e) are not in breach of Freetrade’s Terms and Conditions (or the Freetrade SIPP Terms, as applicable) do not have any outstanding liability to Freetrade, or have not behaved in a way that we reasonably consider to be abusive, in bad faith, or fraudulent.

‍8. Employees and contractors of Freetrade are eligible to receive an Award under these SIPP Transfer Campaign Terms and Conditions.
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‍Value of the Award

9. The Award is an amount of cash equal to 1% of the Transfer Value, subject to a maximum Award value of £2,000 per customer. This maximum applies to all of your Qualifying Transfers, taken together.
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10. The “Transfer Value” is the total value of all Qualifying Transfer(s) into your Freetrade SIPP Account at the time it it received by us, unless you make one or more withdrawal(s) or transfer(s) from your Freetrade SIPP Account before the Award is made, in which case the “Relevant Value” will be reduced by the total amount of those withdrawals and transfers. 
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Making the Award

11. We will make an Award under the SIPP Transfer Campaign by paying the Award into your Freetrade GIA. Where multiple Qualifying Transfers are made, an Award will be made in respect of each Qualifying Transfer.

12. Freetrade will use its best endeavours to make any Award to which you are entitled to under the SIPP Transfer Campaign:

• (a) within sixty (60) calendar days of the relevant Qualifying Transfer completing. 
• (b) If the Award has not been made within this timeframe, you should email hello@freetrade.io.

13. If, within three hundred and sixty-five (365) days following the Validity Period, you make a withdrawal or transfer which causes the value of your Relevant Freetrade Account to fall below the amount of your Qualifying Transfers, you close the Relevant Freetrade Account or stop any applicable annual subscription, then Freetrade reserves the right to clawback, sell or cancel any Award or sell any shares held by us for you and/or deduct cash you account of an equivalent value to the Award, as permitted under applicable law.

‍14. We reserve the right to not make an Award under this SIPP Transfer Campaign if you have breached the terms and conditions of any Freetrade campaign you have previously participated in.

15. We reserve the right to refuse to make an Award if we reasonably consider you to have engaged in activity we deem to be abusive, fraudulent, or in violation of these SIPP Transfer Campaign Terms & Conditions.
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‍Tax implications

16. Freetrade does not give tax advice or take account of your individual tax position. You are responsible for understanding your own tax position in relation to your Freetrade Account(s) and the Award.
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‍No advice

17.  Neither the making of an Award nor any of our communications in connection with the SIPP Transfer Campaign constitute a recommendation by us to buy, sell, exercise any rights in or hold any financial instrument. Under no circumstances does Freetrade provide investment advice and individual investors should make their own decisions on what investments are right for them or seek independent advice.
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‍Complaints

18. If you have a complaint in respect of the SIPP Transfer Campaign, you should contact our Customer Service team at hello@freetrade.io, where your complaint will be handled in accordance with our complaints order handling procedure.