Pension transfer cashback offer

Get 1% cashback when you transfer a pension to Freetrade.

Open a SIPP

Transfer at least £10,000 to qualify. Cashback capped at £2,000. Annual subscription required.

Read the FAQs and T&Cs for more information.

Capital at risk. SIPP eligibility, tax rules and T&Cs apply.

Important information: When you invest, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your personal circumstances and current rules may change. US dividends received into your SIPP may be subject to US withholding tax.

Before you transfer: Check before you transfer a pension to us that we can accept your investments, you won’t lose any guarantees, and that you know what charges you may incur. Seek advice if you are unsure about making a transfer. Always do your own research.

Pensions that are transferred to the Freetrade SIPP may lose the protected pension age benefit, if applicable to you, meaning that you will need to wait longer until you can draw monies from your Freetrade SIPP. Please ensure you know what this means for you and the effect it may have on you and your savings.

Freetrade won't charge you to transfer your pension to us, but please check with your existing provider what fees or restrictions may apply from them. We cannot provide you with any advice therefore it is your responsibility to ensure you are happy that transferring to the Freetrade Pension is right for you.

If you're unsure if transferring your pension to Freetrade is right, you should take advice from a suitably qualified financial adviser. For more info, see our SIPP Key Features Document, Terms and Conditions, Charges Schedule and SIPP Declarations.

Thinking of simplifying your pensions?

Moving your pensions under one roof could:

  • Reduce your costs and commissions
  • Ensure your investments are aligned with your goals
  • Give you better visibility and control over your retirement pot
Transfer one or more pensions to Freetrade and we’ll pay 1% cashback on the value of your transfer.
Transfer at least £10,000 to qualify. Cashback capped at £2,000. Annual subscription required. See full terms and conditions.
Offer ends 31 December 2024.

How it works for new SIPP customers

Step 1: Open a Freetrade SIPP with an annual Plus subscription.

Step 2: Initiate one or more pension transfers totalling at least £10,000 by 31 December 2024. Only pension transfers will qualify for cashback, not cash moves or top-ups into your SIPP.

Step 3: Once your transfer completes, you’ll get 1% cashback on the value of your transfer. It will be paid into your General Investment Account (GIA) within 60 days of the transfer completing.

Important: If you close, withdraw, or transfer your SIPP elsewhere before we pay you cashback, you will no longer qualify.

How it works for existing SIPP customers

Step 1: Ensure you have a Freetrade SIPP with an annual Plus subscription.

Step 2: Initiate one or more pension transfers totalling at least £10,000 by 31 December 2024. Only pension transfers will qualify for cashback, not cash moves or top-ups into your SIPP.

Step 3:  Once your transfer completes, you’ll get 1% cashback on the value of your transfer. It will be paid into your General Investment Account (GIA) within 60 days of the transfer completing.

Important: If you close, withdraw, or transfer your SIPP elsewhere before we pay you cashback, you will no longer qualify.

The Freetrade SIPP

How much do you know about your existing pension plans? Do you know their value, what they are invested in, or how many you have?

For many of us, the answer is ‘no’.
If you want to be in control of your retirement fund, transferring to a self-invested personal pension (SIPP) might be the right choice for you.

Give your pension a new home at Freetrade.
With a low fixed fee, your pension plan can grow without your fees growing too.

FAQs

To receive a free share worth between £100 and £2,100 as part of this offer, you must either 1) open an account and start a GIA, ISA, and/or SIPP transfer before 31 January 2024 or 2) if already a customer; start a GIA, ISA, and/or Pension transfer to your existing Freetrade account between 11 December and 31 January 2024.

How does this promotion work for a new Freetrade customer?

Step 1: Download the Freetrade app and open either a GIA, ISA, or SIPP account with this link.

Step 2: Start a transfer for at least £10,000 into your Freetrade GIA, ISA, or SIPP on or before 31 January 2024. Other eligibility rules apply, see the terms and conditions.

Step 3: Keep your account open. If you make withdrawals or transfers out which cause your relevant account value to fall before we award the share, the value of your free share will be impacted. If it falls below £10,000, you will not be awarded a free share.

Step 4: We’ll drop the free share into your General Investment Account (GIA) within 90 days of campaign completion if you have qualified via GIA, ISA, or SIPP.

How does this promotion work for an existing Freetrade customer?

Step 1: Ensure you have an open GIA, ISA, or SIPP account (dependent on your transfer preference) with Freetrade before the 31 January 2024.

Step 2: Start a transfer for at least £10,000 into your Freetrade GIA, ISA, and/or SIPP on or before 31 January 2024. Other eligibility rules apply, see the terms and conditions.

Step 3: Keep your account open. If you make withdrawals or transfers out which cause your relevant account value to fall before we award the share, the value of your free share will be impacted. If the amount transferred falls below £10,000, you will not be awarded a free share.

Step 4: We’ll drop the free share into your General Investment Account (GIA) within 90 days of campaign completion if you have qualified via GIA, ISA, or SIPP.

How do I initiate a transfer?

Step 1: Make sure you have the relevant account open (GIA, ISA, and/or SIPP) so it is ready to receive a transfer.

Step 2: Follow the instructions within the links below:

What is a transfer?

A transfer in the context of this campaign is the transfer of a GIA, ISA, or Pension from an existing provider.

Are there any other requirements to qualify for free shares?

If you are transferring into an ISA or SIPP account you need to be on an annual subscription to qualify, this can be done in the app.

What free share will I get?

The type of free shares awarded are not defined until the awarding date to ensure the free share value aligns with the amount you have transferred and appropriate reward banding. 

Do I qualify for a free share if I already have a Freetrade account?

This offer is open to all Freetrade customers, new and existing, who initiate a qualifying transfer prior to 31 January 2024.

Do I qualify for a free share if I have already initiated a transfer?

If you have initiated a transfer within the 4 weeks prior to campaign launch date (After the 13th of November) and your transfer is yet to complete you will qualify for the free share offer if all requirements are fulfilled. 

For additional information please contact: freeshare@freetrade.io 

If I transfer across multiple accounts (GIA/ ISA/ SIPP) will the value be totalled?

No, we will only combine transfer values within each specific investment account.

Free share awarding will be measured at an individual investment account level (GIA, ISA, or SIPP). Multiple transfers into a single investment account will be measured together.

If you transfer funds into all three investment accounts you will have three opportunities to receive free shares, depending on transfer value. 

What free share will I get?

Free shares are awarded according to the tier you fall into per account (GIA, ISA or SIPP).

The value of the free share you receive will depend only on the net amount you transfer into each of your GIA, ISA, and/or SIPP accounts (as cash and/or value of investments) between 11 December and 31 January 2024, regardless of the amount you had in your Freetrade account, if any, before. 

Remember: If you withdraw or transfer any amounts out of your relevant Freetrade account which causes its value to fall before we award the share, then this lower value will be used to determine whether you get a free share.

When does this offer end?

This offer is for all investment accounts into which transfers of cash or investments have been contributed between 11 December and 31 January 2024.

If you are transferring an account, you have to initiate a transfer before 31 January 2024.

Can you put the free share in my ISA or SIPP?

Due to ISA and SIPP rules, your free share will be awarded to your General Investment Account (GIA).

What if I want to close or withdraw from my account?

If you make a withdrawal or transfer out which causes the value of the Freetrade account to fall or you close your Freetrade account before we award the free share, then this will affect whether you get a free share or the value of any awarded free share, in line with the table above.

How many free shares can I get under this offer?

You may receive either one or several free shares equivalent to the total value of the free share you qualify for.

You will get a free share associated with each investment account (GIA, ISA or SIPP) into which a transfer has taken place awarded to your GIA. 

When will I get the free share?

We will award the free share within 90 days of the completion of the campaign if your transfer has completed. This is dependent on you keeping your account open, not withdrawing or transferring to below £10,000, and you have an active annual subscription. 

If you make a withdrawal or transfer which causes the value of your GIA, ISA, and/or SIPP to fall before we award the free share, then it will affect whether you get a free share or how much that free share is worth. If you close your Freetrade account before we award the free share, then you won't be awarded a free share.

What if my transfer hasn't been completed within 90 days of the campaign completing, will I still get my free share?

Yes, we will review all those transfers who qualified before 31 January each month and award outstanding free shares in a monthly cycle. 

Are Freetrade Treasuries included in this offer?

No, any money that you pay into your Freetrade Treasury is not included in this offer. The offer is only valid for transfers from another investment account into a Freetrade GIA, ISA or SIPP before 31 January.

When you invest, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. This is not investment advice.

ISA eligibility rules apply. Tax treatment depends on personal circumstances and current rules may change. Check before you transfer that we can accept your investments, you won’t lose any guarantees, and that you know what charges you may incur.

SIPP eligibility rules apply. Tax treatment depends on your personal circumstances and current rules may change. Check before you transfer a pension to us that we can accept your investments, you won’t lose any guarantees, and that you know what charges you may incur. Seek advice if you are unsure about making a transfer. A SIPP is a pension designed for you to save until your retirement and is for people who want to make their own investment decisions. You can normally only draw your pension from age 55 (57 from 2028), except in special circumstances. At present, Freetrade only supports Uncrystallised Fund Pension Lump Sums (UFPLS) for customers who wish to withdraw funds from their SIPP after their 55th birthday. We strongly encourage you to seek financial advice before making any withdrawals from your SIPP.

If you’re facing challenges due to addiction, financial difficulties, or any other personal circumstances, we may be able to help. Tap here.

FAQs

Step 1: Make sure you have a Freetrade SIPP.

Step 2: Gather the below information to fill in the pension transfer form.

  • National Insurance Number
  • Permanent residential address
  • Existing pension provider name
  • Existing pension provider policy reference
  • Existing pension plan value (please provide the most up to date value)

Step 3: We’ll be in touch to process the rest!

What is a transfer?

A transfer in the context of this campaign is the transfer of a pension from an existing provider.

Putting money into your SIPP via top-up, or transferring cash between accounts, won’t qualify for cashback.

Will I get cashback if I push money into my SIPP via top-up?

No, top-ups don’t qualify for cashback.

You must transfer a pension or SIPP from another provider in order to qualify for cashback.

What is the minimum amount I can transfer?

Cashback will be paid for transfers of at least £10,000.

If you transfer multiple pensions worth less than £10,000, we’ll sum them up and pay cashback on the total.

For example, if you transfer a £6,000 pension and a £4,000 pension, we’ll pay you 1% cashback within 60 days of the second transfer completing (i.e. once you’ve exceeded the £10,000 minimum transfer amount).

Is there a maximum cashback I can earn?

You can earn a maximum £2,000 cashback under this offer.

Cashback is capped on the aggregate of all transfers made during the campaign period, not on each individual transfer.

How is cashback calculated?

You’ll get 1% cashback on qualifying pension transfers, up to a maximum £2,000 cashback.

Cashback will be 1% of the final transfer value.

When will I get my cashback?

Cashback will be paid within 60 days of your transfer completing if you have qualified for the offer.

If you transfer multiple pensions, we’ll pay cashback within 60 days of each transfer completing, so long as the total value of the pensions you have transferred are more than £10,000.

I haven’t received my cashback yet.
Cashback will be paid within 60 days of your transfer completing if you have qualified for the offer.

Check you qualify:
1. Have your transfers completed yet?
2. Have you transferred at least £10,000 in pensions?
3. Do you have an annual Plus subscription?

If you answer ‘yes’ to all the above criteria, and your transfer(s) completed more than 60 days ago, use your Priority Customer Support in-app (available to Plus subscribers) and we’ll investigate. 🕵️

Important: If you have withdrawn, closed, or transferred your SIPP elsewhere, you will no longer qualify for cashback. See our terms and conditions for more details.
Do I qualify for a free share if I already have a Freetrade account?

This offer is open to all Freetrade customers, new and existing, who transfer a pension to their Freetrade SIPP between 5 July and 31 December 2024.

Will my cashback go into my SIPP?

No, your cashback will be paid into your General Investment Account (GIA). 

When does this offer end?

This offer ends on 31 December 2024.

To qualify for this cashback offer, you must initiate a pension transfer by this date.

What if my transfer doesn’t complete by 31 December 2024?

No problem. Although you must initiate your transfer(s) by this date, you have until 28 February 2025 for them to complete.

If the transfer takes longer than this for reasons outside of your control, we’ll still honour the offer.

What if I want to close my account or transfer my Freetrade SIPP elsewhere?

If you close your Freetrade SIPP, withdraw from it, or transfer it elsewhere before we’ve paid your cashback, then you will no longer qualify.

If you close or transfer (all or part of) your Freetrade SIPP elsewhere within 365 days of your transfer completing, we reserve the right to clawback the cashback you’ve received.

Terms and conditions

How do I initiate a transfer?

Step 1: Make sure you have the relevant account open (GIA, ISA, and/or sipp) so it is ready to receive a transfer.

Step 2: Follow the instructions within the links below.

Important information:
A SIPP is a pension designed for you to save until your retirement and is for people who want to make their own investment decisions. You can normally only draw your pension from age 55 (57 from 2028), except in special circumstances.

At present, Freetrade only supports Uncrystallised Fund Pension Lump Sums (UFPLS) for customers who wish to withdraw funds from their SIPP after their 55th birthday. We strongly encourage you to seek financial advice before making any withdrawals from your SIPP.

Simple pricing plans

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Monthly

£0.00/mo

Accounts

GIA pink
General investment account

Benefits

  • Commission-free trades (other charges may apply. See full pricing table.)
  • Trade USD & EUR stocks at the exchange rate + a 0.99% FX fee
  • Fractional US Shares
  • Access to more than 4,700 stocks, including the most popular shares and ETFs
  • 1% AER on up to £1,000 uninvested cash
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£59.88 billed annually

£5.99/mo

Billed monthly

Accounts

GIA white
General investment account
ISA
Stocks and shares ISA

Benefits
Everything in Basic, plus:

  • Full range of over 6,200 US, UK and EU stocks and ETFs
  • Trade USD & EUR stocks at the exchange rate + a 0.59% FX fee
  • Automated order types, including recurring orders
  • Advanced stock fundamentals
  • 3% AER on up to £2,000 uninvested cash
£9.99/mo

£119.88 billed annually

£11.99/mo

Billed monthly

Accounts

GIA white
General investment account
ISA
Stocks and shares ISA
SIPP white
Self-invested personal pension (SIPP)

Benefits
Everything in Standard, plus:

  • Trade USD & EUR stocks at the exchange rate + a 0.39% FX fee
  • Priority customer service
  • Freetrade Web beta
  • 5% AER on up to £3,000 uninvested cash

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When you invest your capital is at risk.