If you click a link with an * to go through to a provider, we may get paid. This usually only happens if you get a product from it. This is what funds our team of journalists, and keeps us free to use. Yet there are two crucial things you need to know about this.
- This never impacts our editorial recommendations – if it's in, it's in there because we independently rate it best.
- You'll always get as good a deal (or better) than if you went direct.
For a more detailed explanation see How MSE is financed.
-
![Investing for beginners]()
Investing for beginners
Are you thinking about investing for the first time? Our guide takes you through the 10 things…
![Stocks & Shares ISAs]()
Stocks & Shares ISAs
Every adult has a £20,000 ISA allowance for 2021/22. And while many prefer the security of…
![Automatic Savings Apps]()
Automatic Savings Apps
Autosaving apps use clever tech to work out what you can afford to save and then do it for…
MSE weekly email
FREE weekly MoneySaving email
For all the latest deals, guides and loopholes simply sign up today – it's spam-free!
Robo-investment cashback deals
Invest in funds & get cashback
Updated 15 October 2021
Robo-funds are being heavily advertised. They're far simpler than normal investing but you're tied to a 'portfolio' of funds. We think this is somewhat restrictive. However, sometimes these robo-funds offer cashback via a special link when you invest, which'll get you a head start over other funds.
Without the cashback, they're fighting against other standard investments, and we'd always tell you to look for lower fees and a bigger choice. But this cashback is equivalent to up to a 10% head start, other products would need to do very well to beat them.
MoneySavingExpert.com's speciality is not what to invest in – we only look at these as deals, as we can't tell you what is going to be a good or bad investment. So the most important thing to understand is:
We're not saying to go for these funds – we're just saying that if you're going to go for these anyway, then make sure you get the cashback.
New to investing? If this is the first time you've considered any type of investing, it's worth reading our
beginners' guide to investing to get a broader idea of what's involved.
The five robo-investing need-to-knows
Before you get started, here are five things you should know about robo-investing.
1. With robo-investment firms you can't pick your own selection of funds. Instead, your money will be invested in a basket of funds selected by the robo-provider and based on your risk profile (the firm will ask you a number of questions when you sign up to assess the level of risk you're willing to take).
2. Always keep an eye on fees. Because even small fees year after year can eat into your investment.
3. The bigger the investment, the less the cashback will matter. If you invest more than the minimum needed to receive the cashback, do remember that you'll be more reliant on market movements to boost your returns in relation to the cashback.
4. ALWAYS remember that the value of your investment can go up as well as down. As with any investments, the value of your funds can go down as well as up, and while it's unlikely, you could lose all your money.
5. Don't forget your ISA allowance. If you want to open an ISA, remember that everyone in the UK aged 18+ has a £20,000 ISA allowance for 2021/22.
For more options, see our Stocks & Shares ISAs guide. You can only contribute to one stocks & shares ISA each tax year.
Current robo-investment cashback deals
Sadly there are no current robo-investment cashback deals available. If you've not already, it's worth signing up to our Weekly Money Tips email below to be notified next time there's a decent deal.
MSE weekly email
FREE weekly MoneySaving email
For all the latest deals, guides and loopholes simply sign up today – it's spam-free!
Warning. Investments can go down as well as up in value
There are no guarantees when you invest in the stock market, and your money can go up as well as down in value.
We can't tell you whether investing is right or you, but if you are going to do it, it's recommended you invest for at least five years. This is because the longer you invest for, the longer you have to ride out any bumps along the way.
Annual platform fee: 0.6% |
This deal closed on Friday 15 October. We've left the details here for reference, for those that did sign up.
To qualify, pay in £400+ by 15 December 2021 – either in one go or building it up monthly (min pay-in £1). Once you've £400 in the account, you'll need to keep it there for six months to get the cashback. Do that and £40 is then paid within 30 days (usually into your investment account).
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.
Spotted out of date info/broken links? Email: brokenlink@moneysavingexpert.com
-
Virgin Media and O2 launch Volt, their first joint product which offers to boost mobile data and broadband speeds for customers of both firms – how it works
20 October 2021![]()
Newly-merged O2 and Virgin Media have launched a new product called Volt, allowing eligible customers to get their mobile data allowances doubled and their broadband speeds boosted to the next level at no extra charge. -
Lloyds to shut 41 branches and Halifax to close seven - here's a full list of the impacted sites
20 October 2021![]()
Lloyds Banking Group, which owns Lloyds and Halifax, is to shut 48 branches next year, citing a fall in customer demand for the closures. We have full details below on which banks are being closed and what to do if your local branch is affected. -
State pension to increase by 3.1% next April giving some retirees an extra £5.55/wk
20 October 2021![]()
More than 10 million pensioners could see their state pension rise by £5.55/wk from April 2022 after the Office for National Statistics (ONS) confirmed that inflation stood at 3.1% in the year to September - a figure that is typically used to calculate the following year's state pension increase. -
Millions of BT landline customers could be in line for up to £500 if a new class action case is successful
20 October 2021![]()
BT is facing a £600 million class action case after it's been claimed some 2.3 million customers have been overcharged for their landline since October 2015. -
Households in England and Wales to be offered new £5,000 Government grant from April 2022 to help replace gas boilers with heat pumps
19 October 2021![]()
Brits wanting to fit a low-carbon heat pump in their homes in England and Wales could receive a £5,000 grant from the Government to help replace less efficient gas boilers from April 2022. The initiative is part of a £3.9 billion project to make all heating systems low carbon by 2035.
-
Five things EVERYONE should know about student finance
21 September 2021![]()
There are more myths and misunderstandings about student finance than any other subject. So in this blog is my updated 2021/22 version of the must knows, with links to far more info. -
Is it time to ban Christmas presents?
14 September 2021![]()
Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you.” One year even the Archbishop of...
MSE tools & calculators
Clever ways to calculate your finances
