If you’re thinking of investing, check out this deal from Wealthify. As a new customer, if you open a Wealthify plan via this link* and invest £50 or more in a stocks & shares ISA, junior ISA, general investment account or personal pension, you can get £50 cashback after 12 months. To nab this deal, you’ll need to open your Wealthify account by 31 July 2022, invest your £50 minimum by 31 October 2022 and leave it invested for 12 months to get the cashback.
While you can invest more, if you invest only £50, even if your investments don’t pay off, you will more or less break even after one year.
Wealthify will choose which fully-managed set of funds to invest in for you, based on your answers to a few questions on the level of risk you’re willing to take.
Remember to factor in the monthly platform and fund manager fees that typically come with investing. With Wealthify, there is an annual platform fee of 0.6% and you’ll also need to pay an investment fee of around 0.16% – both on the total value of your investments. For a £50 investment, this equates to about £0.38.
What to watch out for:
- If Wealthify ceases trading, you will not get the £50 cashback
- Your underlying investments could still go up or down in value
- While we’re sharing this deal with you. It’s not a sign of recommendation. We’re just letting you know that if you choose to invest with Wealthify, you can get cashback.
Create a plan with Wealthify here*
*When you sign up via this link, we may earn an affiliate commission from this deal.