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Cash back terms

Terms of the cash back offer – Autumn 2017

You transfer We pay you
£5,000 - £24,999 £20
£25,000 - £49,999 £50
£50,000 - £99,999 £100
£100,000 - £149,999 £250
£150,000 or more £500
  1. The offer is that, subject to these terms and conditions, we will pay to you a cash amount of between £20 and £500, depending on the amount you transfer, when you transfer into us at least £5,000 worth of an existing pension, ISA (excluding Junior ISAs and Child Trust Funds) or fund and share account into our Vantage SIPP, Vantage Stocks & Shares ISA, Vantage Lifetime ISA or Vantage Fund & Share Account from another provider. Please note that the following exclusions apply to the offer: (1) the lodgement of certificated shares will not qualify for the offer; (2) new money cash subscriptions into any Vantage account will not qualify for the offer; (3) if the Vantage SIPP is your current workplace pension and you transfer previous pensions provided by your current employer then the offer is not available for such transfers; (4) defined benefit/final salary pension transfers do not qualify for the offer.
  2. The offer does not apply to investments already held in the Vantage service, nor to switches or transfers between or within existing Vantage accounts nor to income and interest received on any assets held within those accounts.
  3. The offer is funded by Hargreaves Lansdown’s money. For the avoidance of doubt the cash is not coming from your pension or investments. It is intended that this offer shall be available until 15 November 2017. However, we reserve the right to withdraw or suspend this offer where it becomes necessary to do so, including for legal or regulatory reasons or otherwise, by posting a notice on our website. In the event of early closure of this offer, all qualifying applications received up to the time of withdrawal will be accepted.
  4. The offer will only apply to cash back transfer forms coded IT133, TRV9A, AWV9A, APV9A, TRI9A, TRV9B, TRV9C, TRS9C, APS9E, AWS9H, SC79A, SL79A and OTK received by us between 13 September 2017 and 15 November 2017. The application code can typically be found in the top right of a form. If transferring a pension for drawdown, you must enclose a note requesting cash back with your application to qualify. Provided we receive your transfer form within the offer period, even if the transfer itself is not completed until after the offer closes, you will still qualify. If you need more time to decide whether you wish to transfer to us, please let us know and we will extend this deadline for you (by up to three months for ISA, fund and share transfers, and six months for pension transfers). To request more time simply call our Helpdesk on 0117 900 9000 or email transferoffer@hl.co.uk with your full name and address.
  5. The cash back payment will be credited to your Loyalty Bonus Account after the cash back offer has closed and within 1 month of the date of completion of your transfer as determined by us. The Loyalty Bonus Account is separate from the Vantage ISA, Fund & Share Account, and SIPP. The cash can be kept in the Loyalty Bonus Account for fee collection , withdrawn or moved into a Vantage product you choose. If moved into an ISA or SIPP, it will count towards your annual allowance.
  6. The value of your cash back will be based on the total value of transfers you make within the offer period (ISAs, funds, shares and pensions), not the value of each transfer. The values will be determined on the day we receive the proceeds for each. It is not possible to combine the value of transfers into Vantage accounts with different client numbers for the purpose of this offer. For the avoidance of doubt, the maximum amount of cash back you may receive under this offer is £500.
  7. We ask you keep your Vantage account(s) for one year. Please feel free to switch between investments and in or out of cash within the Vantage service, but if you decide to transfer away or close your account within 12 months of the date your transfer completes, we reserve the right to reclaim the cash back paid. If cash is to be reclaimed then you will be notified and the cash will be taken within 7 days of the account closure or transfer.
  8. We reserve the right to determine how the cash offer is calculated. Therefore, if you are unsure how your transfers will be treated under the terms of this offer please contact us before you return your transfer form. By submitting a qualifying application you agree to be bound by the terms of this offer. The terms are governed by the laws of England and subject to the exclusive jurisdiction of the English courts.
  9. The offer cannot be used in conjunction with any other transfer offer.