Products featured in this article are independently selected by This is Money’s specialist journalists. If you open an account using links which have an asterisk, This is Money will earn an affiliate commission. We do not allow this to affect our editorial independence.
Hargreaves Lansdown is offering cashback of up to £3,000 for new and existing customers on Isa or Sipp accounts – and a £50,000 prize draw.
The deal is set to run until the tax-year end on 5 April and requires those opening stocks and shares Isa and Sipp accounts to contribute at least £10,000 to qualify for a cashback payment.
Existing customers can also qualify by transferring Isa or Sipp funds from elsewhere.
> To find out more on HL’s cashback offer use this link*
The amount of cashback you will receive is dependent on the size of your deposit, this steps up from £100 for those paying in £10,000, to a cool £1million required for the £3,000 cashback.
Meanwhile, for all those who pay in at least £3,500 to a stocks and shares Isa, lifetime Isa, cash Isa or Sipp account, there is also a prize draw with two chances to win a £50,000 prize. Transfers from other accounts don’t qualify for prize draw entry.
Payout: New Hargreaves Lansdown customers could earn up to £3,000 cashback
How does Hargreaves Lansdown’s cashback stack up?
Hargreaves Lansdown’s cashback deal* rewards investors for funding accounts with hefty amounts.
Those who pay in or transfer the minimum £10,000 will qualify for £100 in cashback. But customers need to pay in more than £100,000 and up to £249,999 to receive the next level payment up of £250.
Those adding up to £499,000 and beyond £250,000 will receive £500, while those paying over £500,000 but under £1million will receive £1,000. Pay more than £1million into an Isa or Sipp account and you will receive £3,000 in cashback.
The deal includes those transferring drawdown pensions from other providers, as well as customers transferring into existing stocks and shares Isas and Sipps.
In order to receive cashback on your transfer, the firm said you must keep your money in the account until 31 March 2026. It said cashback payments will be made by 30 April 2026.
| Funding amount or transfer pot | Cashback |
|---|---|
| £10,000 – £99,999 | £100 |
| £100,000 – £249,999 | £250 |
| £1250,000 – £499,999 | £500 |
| £500,000 – £999,999 | £1,000 |
| £1,000,000+ | £3,000 |
| Source: Hargreaves Lansdown | |
Hargreaves Lansdown’s prize draw
As well as its cashback offer, Hargreaves Lansdown is launching a prize draw with two £50,000 pots up for grabs.
Investors opening or paying into a stocks & shares Isa, cash Isa, lifetime Isa, or Sipp before the end of the tac year will qualify. They must add at least £3,500 cash into one account. Transfers do not qualify.
Hargreaves said it is trying to enocourage Britons to save and invest more. Some 14 per cent of British households have no investments, according to Hargreaves Lansdown, while the average investing household’s holdings in an investment Isa is just £3,341. In comparison, the highest earners have an average of £41,813 held in their Isas.
Paul Dimambro, director of pensions, investments and Isas at Hargreaves Lansdown, said: ‘We want as many people as possible to benefit from the opportunity presented by tax year end to maximise their tax-free savings and investments.
‘With interest rates expected to decrease further this year, and the annual £20,000 Isa tax-free allowance, the end of the tax year is a reminder to seize the opportunity. It’s also a good time to look at your pension contributions to see whether you could add some more to make the most of tax relief there too.’
| Funding amount or transfer pot | Cashback |
|---|---|
| £10,000 – £99,999.99 | £100 |
| £100,000 – £249,999.99 | £250 |
| £250,000 – £499,999.99 | £500 |
| £500,000 – £999,999.99 | £800 |
| £1,000,000 – £1,499,999.99 | £1,000 |
| £1,500,000 – £1,999,999.99 | £2,000 |
| £2,000,000 + | £3,000 |
| Source: Interactive Investor | |
How does this compare to rival cashback deals?
Interactive Investor* also has a cashback deal for Sipps until 28 February 2025. It is offering cashback of between £100 and £3,000 when you open a self-invested personal pension and pay money in or transfer your pot.
Interactive Investor’s deal matches HL by paying £100 for £10,000 to £100,000 paid in, after which it too steps up to £250. But those paying in the largest amounts above £500,000 can get more from Hargreaves Lansdown, which offers £1,000 compared to II’s £800. To access Interactive Investor’s offer use this link*.
| Transfer pot | Cashback |
|---|---|
| £50,000 – £74,999 | £500 |
| £750,000 – £99,999 | £750 |
| £100,000 – £249,999 | £1,000 |
| £250,000 – £499,999 | £1,250 |
| £500,000 – £749,999 | £1,500 |
| £750,000 – £999,999 | £1,750 |
| £1,000,000 + | £2,500 |
| Source: Fidelity | |
Fidelity offers a Sipp and Isa cashback deal* until 1 April giving customers up to £2,500 back when they transfer an account.
To qualify for the maximum £2,500 cashback, however, investors must transfer £1million or more. Investors must transfer £50,000 minimum to qualify for £500 cashback.
The deal is also available on Fidelity’s stocks and shares Isa* and its general investing account*.
Compare the best DIY investing platforms and stocks & shares Isas
Investing online is simple, cheap and can be done from your computer, tablet or phone at a time and place that suits you.
When it comes to choosing a DIY investing platform, stocks & shares Isa or a general investing account, the range of options might seem overwhelming.
Every provider has a slightly different offering, charging more or less for trading or holding shares and giving access to a different range of stocks, funds and investment trusts.
When weighing up the right one for you, it’s important to to look at the service that it offers, along with administration charges and dealing fees, plus any other extra costs.
To help you compare the best investment accounts, we’ve crunched the facts and pulled together a comprehensive guide to choosing the best and cheapest investing account for you.
We highlight the main players in the table below but would advise doing your own research and considering the points in our full guide linked here.
>> This is Money’s full guide to the best investing platforms and Isas
Platforms featured below are independently selected by This is Money’s specialist journalists. If you open an account using links which have an asterisk, This is Money will earn an affiliate commission. We do not allow this to affect our editorial independence.
| Admin charge | Charges notes | Fund dealing | Standard share, trust, ETF dealing | Regular investing | Dividend reinvestment | ||
|---|---|---|---|---|---|---|---|
| AJ Bell* | 0.25% | Max £3.50 per month for shares, trusts, ETFs. | £1.50 | £5 | £1.50 | £1.50 per deal | More details |
| Bestinvest* | 0.40% (0.2% for ready made portfolios) | Account fee cut to 0.2% for ready made investments | Free | £4.95 | Free for funds | Free for income funds | More details |
| Charles Stanley Direct* | 0.35% | No platform fee on shares if a trade in that month and annual max of £240 | Free | £11.50 | n/a | n/a | More details |
| Etoro* No investment funds or Sipp | Free | Stocks, investment trusts and ETFs. | Not available | Free | n/a | n/a | More details |
| Fidelity* | 0.35% on funds | £7.50 per month up to £25,000 or 0.35% with regular savings plan. | Free | £7.50 | Free funds £1.50 shares, trusts ETFs | £1.50 | More details |
| Freetrade* No investment funds | Basic account free, Standard with Isa £5.99, Plus £11.99 | Stocks, investment trusts and ETFs. | No funds | Free | n/a | n/a | More details |
| Hargreaves Lansdown* | 0.45% | Capped at £45 for shares, trusts, ETFs | Free | £11.95 | Free | Free | More details |
| Interactive Investor* | £4.99 per month under £50k, £11.99 above, £10 extra for Sipp | Free trade worth £3.99 per month (does not apply to £4.99 plan) | £3.99 | £3.99 | Free | £0.99 | More details |
| iWeb | Free | £5 | £5 | n/a | 2%, max £5 | More details | |
| Trading 212* | Free | Stocks, investment trusts and ETFs. | Not available | Free | n/a | Free | More details |
| Vanguard Only Vanguard’s own products | 0.15% | Only Vanguard funds | Free | Free only Vanguard ETFs | Free | n/a | More details |
| (Source: ThisisMoney.co.uk Jan 2025. Admin % charge may be levied monthly or quarterly | |||||||
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