Jasmine Birtles
Your money-making expert. Financial journalist, TV and radio personality.
Transfer Your ISA or SIPP and You Could Get Up to a £4,000 Bonus! Here’s How
Ruby Layram
7th Apr 2025
At Moneymagpie, we’re all about finding savvy ways to make your money work harder, and we’ve recently come across an excellent offer that could reward you with up to £4,000 for transferring your ISA or SIPP.
If you haven’t benefited from any tax-year end transfer deal just yet, don’t worry – there’s still some good ones around!
Boost Your Investments At The Start of The Tax Year
As the new tax year just began, most transfer promos would have already ended, yet most doesn’t mean all! If you’re looking for ways to make the most of your savings and you’re considering transferring your ISA or SIPP, here’s something to have a look at.
InvestEngine is offering a generous tax year-end bonus of up to £4,000 for new users who transfer their existing ISA or open and fund a new account. The bonus is being offered on top of the platform’s existing referral bonus, which rewards new customers with up to £100 – minimum deposit of £100, must stay invested for 12 months, Capital at risk. Ts&Cs apply.
This limited-time offer is an excellent opportunity to boost your investment returns while ensuring your tax-efficient savings are working harder for you, but remember the value of your investments could go down as well as up.
With InvestEngine, you can enjoy a seamless investing experience, zero account fees (for DIY accounts – ISAs, GIAs, SIPPs and Business Accounts), —and now, an extra financial incentive to get started! (ETF fees apply).
How Does the InvestEngine Bonus Work?
The InvestEngine bonus is available to all new and existing customers. Here’s how you can take advantage of the offer:
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- Register for the bonus: Sign up and register for the offer here.
- Transfer your ISA or SIPP: Move your existing ISA or open a new account and fund it.
- Receive your referral bonus: New users will be rewarded with up to £100 for opening a new account. To be eligible, you must deposit a minimum of £100 and stay invested for 12 months.
- Earn a bonus of up to £4,000: The bonus amount depends on the amount you transfer. Ts&Cs apply.
- Stay invested for 12 months: Your bonus will be added to your account between 16 June and 4 July 2025, and must stay in your account for at least a year. The transfer bonus campaign will end on the 31st of May 2025.
*I may receive a small commission from those who sign up through our link.
Why Choose InvestEngine?
Although the new bonus offer is very appealing, it’s important to make sure that a platform is a good option for you before signing up.
InvestEngine is one of the UK’s most innovative investment platforms, designed to help you invest efficiently. The platform offers one of the widest selections of ETFs, making it easy for you to build a diverse portfolio.
Here are a few reasons why InvestEngine is a popular choice for UK investors:
- Low-cost investing: Enjoy commission-free investing and zero account management fees for DIY accounts (ETF fees apply).
- Tax-efficient growth: ISAs and SIPPs offer tax advantages that help you keep more of your returns. *Tax treatment depends on personal circumstances and may be subject to change.
- Easy transfers: Hassle-free ISA transfers with expert support along the way.
How to Transfer an ISA or SIPP
If you would like to benefit from the boost in this new tax year by transferring your ISA or SIPP and receiving a bonus, here is an overview of the process.
Important note: The exact process of transferring an ISA or SIPP will vary depending on which provider you are currently with and which provider you plan on moving to.
Step 1: Check fees and requirements
Before you take the first step, it’s important to look for platform-specific fees and requirements that you may run into along the way. Being aware of these from the start will make the process smoother.
Familiarise yourself with the transfer fees and requirements for both your existing provider and the new provider that you plan on using. It is worth noting that InvestEngine does not charge transfer fees.
Step 2: Sign up to the new provider
Once you have spent time familiarising yourself with the details, you can go ahead and sign up to the provider that you plan on transferring to.
This is usually free. However, some providers might ask you to deposit initial funds into your investing account.
Step 3: Request a transfer
The next step is to request an ISA transfer. The easiest way to do this is to contact the customer support team and request a transfer of your account.
On the InvestEngine platform, you can easily initiate a transfer from the app homepage. Right underneath each account type, you can find the following options:
- Transfer an ISA (Transfer an ISA from another provider)
- Transfer your Vanguard SIPP (Transfer a SIPP from your Vanguard account)
From there the process is simple and straight-forward – you just need to fill out a form and then their team will take it from there. You will also be notified via email about the progress of your transfer and when it will all be completed.
Step 4: Fill out the transfer form
In most cases, you will be asked to fill out a transfer form. It’s important that you take time to review your details carefully here to avoid any mishap further down the line.
Step 5: Wait for the transfer
Once you have filled out the form, your new provider will contact your existing provider to initiate the transfer. The process will take a few days and you will be informed when it is completed.
Next steps
Making the most of transfer bonuses is a great way to top up your individual savings account without having to increase your contributions. If you would like to maximise your ISA or SIPP returns this tax year, transferring your account to InvestEngine could be an excellent option!
After reading this guide, I recommend taking some time to research the offer in more detail to decide whether it is the best option for you. You can also reach out to the InvestEnginge team to ask any questions that you might have at support@investengine.com.
And, if you want to stay up to date with all the latest market news and insights, make sure you sign up to the fortnightly MoneyMagpie Investing Newsletter.
Capital at risk. The value of your portfolio(s) can go down as well as up and you may get back less than you invest. ETF costs also apply.
This communication is provided for general information only and should not be construed as advice. If in doubt you may wish to consult a professional adviser for guidance.
Tax treatment depends on personal circumstances and is subject to change, and past performance is not a reliable indicator of future returns.
I may receive a small commission from those who sign up through the link.
A REALLY IMPORTANT STRATEGIC INFORMATIONS!
GO ON AND CONTINUE WRITE ON THE THEME!
KIND REGARDS,
TEODORA
10.4.2025
SOFIA