Six month extension for cashback
Not ready to transfer? That’s ok.
If you’re interested in transferring your pension(s) to HL and want to qualify for our cashback offer, you can register for a six month extension.
The current cashback offer is due to close to new applications on 30 June 2022. The offer will remain open to those who register for an extension and apply to transfer their pension before the 30 December 2022.
Full terms of the current offer below.
Our service is designed for investors who wish to make their own investment decisions without personal advice. If you’re not sure what’s right for your circumstances, please seek advice.
Terms of the Spring 2022 transfer cashback offer – SIPP transfers only
1. Subject to these terms and conditions, if you transfer an existing pension from another platform, you will receive a cash amount depending on the amount you transfer (the “Offer”). The Offer is funded by us and the cashback will not come from your own cash or investments.
2. If you transfer existing pensions with a total value of at least £10,000 from other providers to our platform in your HL Self-Invested Personal Pension or Drawdown Pension, you will receive a cash amount between £100 and £500, depending on the total amount you transfer (the “Offer”).
3. The Offer will be available between 6 April 2022 and 30 June 2022 inclusive (the “Offer Period”). If we receive your qualifying application within the Offer Period, even if the transfer itself isn’t completed until after the Offer closes, you will still qualify.
4. The value of your cashback will be based on the cumulative total value of qualifying pension transfers made within the Offer Period. The value of the cashback paid will be determined in accordance with the tiers identified in the table accompanying these terms and conditions.
5. The following are excluded from the Offer: (1) the transfer of a Junior SIPP or defined benefit/final salary pension (2) new money cash subscriptions into any existing HL Account; (3) the lodgement of certificated shares; (4) movements of investments or cash already held on the HL platform, including switches or transfers between or within existing HL accounts or income and interest received on any assets held in those accounts.
6. The Offer will only apply to cashback transfer forms coded TRCM3, OTD, OTK, OTP, OTS, CBE422A, received by us within the Offer Period. If transferring a drawdown pension, you must include a note requesting cashback with your postal application to qualify.
7. The cashback payment will be paid into your Loyalty Bonus Account which is separate from your other HL Account(s). You will receive the cashback payment within the last 10 working days of the next month, from the date that your last qualifying transfer completes. The payment date will be determined by us. The cash can be kept in your Loyalty Bonus Account for fee collection, withdrawn or moved into another of your HL accounts. If moved into an ISA or SIPP, it will count towards your annual allowance.
8. We ask you keep your HL account(s) for one year from the date that the last qualifying transfer completes. Please feel free to switch between investments and in or out of cash within your account, but if you decide to transfer away or close your account within 12 months of the date your transfer completes, then we reserve the right to reclaim the cashback 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 out.
9. It isn’t possible to combine the value of transfers into accounts with different client numbers for the purpose of this Offer. The maximum amount of cashback you can receive under this Offer across all pension transfers is £500.
10. If you need more time to decide whether you want to transfer to us, please complete the extension form and we will extend the pension deadline for you by six months. Alternatively, call our Helpdesk on 0117 980 9926 or send a secure message through your online account .
11. We reserve the right to remove or suspend the Offer if necessary, including for legal or regulatory reasons or otherwise, by posting a notice on our website. If the Offer closes early, all qualifying applications already received at the time of the posting of the notice will still be accepted.
12. We also reserve the right to determine how the cashback payment is calculated. Therefore, if you are not sure how your transfers will be treated under the terms of this Offer, please contact us before you apply to transfer. By submitting a qualifying application, you agree to be bound by the terms of this Offer.
13. These terms are governed by the laws of England and Wales and subject to the exclusive jurisdiction of the courts of England and Wales.
14. This Offer is provided by Hargreaves Lansdown Asset Management Limited, which is a limited company registered in England & Wales with the company number 01896481, whose registered office is 1 College Square South, Anchor Road, Bristol, BS1 5HL. References in these terms and conditions to “our”, "us" or "we" are to Hargreaves Lansdown Asset Management Limited.