Robo-Investment Cashback Deals

Update Tue 25 Jan: This offer launched three weeks ago, and there are currently about 1,000 deals still available.

Robo-provider Wealthify* is offering £40 cashback to the first 3,500 new customers who open a stocks & shares ISA, junior ISA, general investment account or self-invested personal pension via our link, and pay in a minimum of £400 by 5 April 2021.

• When do I need to fund the account by? You need £400 in your account by 5 April 2021 (and be one of the first 3,500 to do it – so don't wait too long). You can either:
  
  - Pay in £400 in one lump sum, OR
  
  - Pay £300 in one go, then in further top-ups of a min £20 each – as long as the £400 is in by 5 April 2021.

• When will I get the cashback? Once your full £400 investment is in the account, it'll need to stay there for six months for you to get the cashback. Once you hit that six-month point, you'll need to wait up to a further 30 days for the cashback to arrive.

• When I can withdraw my funds? You can withdraw money at any time, but if you do so before the cashback comes you won't get any cashback.

• What fees will I pay? Wealthify charges annual fees of 0.6% for managing your investments. There are also fund manager charges of about 0.16% a year for its 'original' plan and 0.56% for its 'ethical' plans. So if you were to invest the minimum £400 in an 'original' account for six months, you'd pay about £1.52 in fees (£3.04 annually). On a £400 investment after fees, the £40 cashback is equivalent to a head start of about 9.6%.
  
  You'll be investing in a fully managed portfolio of funds based on the level of risk you're willing to take (Wealthify will ask you a few questions to assess your risk profile).

Important. The fact we've included Wealthify in this guide doesn't mean we RECOMMEND Wealthify – we don't do investment tips. It's just if you're going to use Wealthify anyway then you can get cashback.