Best pension cashback offers and fee-free deals

2 min Read Published: 05 Feb 2024

A great way to boost your pension in 2024 is to take advantage of a cashback offer or fee-free deal when you sign up with a new pension provider. In order to attract new customers, we've seen an increasing number of pension providers that are willing to offer generous cashback deals in 2024, some offering as much as £5,000 for customers that transfer an existing pension pot.

In addition, we've sourced deals that allow new customers to boost their pension returns by investing fee-free for the first year. Below, we list our best pension offers, including the best cashback deals, top fee-free offers and other deals we think provide excellent value.

Best Pension cashback offers and deals February 2024

Provider Offer Offer Type Small print Provider Reviews
Hargreaves Lansdown* Up to £3,500 cashback* Cashback Transfer at least £10,000 and receive between £100 and £3,500 cashback. To qualify you'll need to register your interest and start your transfer by 29th February. Terms apply. Hargreaves Lansdown review
Interactive Investor* Up to £5,000 cashback* Cashback Deposit or transfer at least £10,000 into an Interactive Investor Pension before 29th February 2024. Terms & fees apply. Capital at risk. Interactive Investor review
Bestinvest* N/A N/A Bestinvest ran a cashback offer up to 30th November 2023. We will update this table as soon as another offer becomes available. Bestinvest review
Nutmeg 12 months fee-free investing Fee-free investing Invest at least £500 in a Nutmeg Pension and Nutmeg will waive its management fees for the first 12 months. Terms and Conditions apply. Click to read our Nutmeg review
Moneyfarm* 12 months fee-free investing* Fee-free investing Sign up to Moneyfarm, invest at least £500 and pay no management fees for 12 months. Terms and conditions apply. Click to read our Moneyfarm review
Vanguard No offer via Vanguard Investor directly - Although you can earn up to £5,000 cashback by investing in Vanguard funds* through Interactive Investor Cashback Read our Interactive Investor review to find out how you can invest in Vanguard funds and qualify for up to £5,000 cashback. Vanguard review

Pension cashback offers and deals explained

There are a number of different types of offer that are available when you shop around for the best pension offer and it is worth explaining how the different deals work, so you can choose the best offer for you. We've listed the different types of pension deal below with an explanation of each.

  • Cashback offers - Paid in a variety of ways. Can be paid into your nominated bank account or paid as cash into your investment account.
  • Investment bonus - Similar to cashback but is often paid as a bonus cash amount, usually into your investment account.
  • Fee-free deals - Offers fee-free investing for a period of time, often up to 12 months.
  • Free shares - A popular deal offered by trading apps as an incentive for signing up.
  • Trading credits - Depending on the investment platform you choose, you may be charged a fee for making certain trades. Trading credits are sometimes offered as an incentive when you sign up, meaning you can use credits rather than paying a fee each time you make a trade.

Other cashback offers and deals

This article focuses on the best Pension cashback offers and deals. For the best offers for other investment products including ISAs, click on the articles below.

 

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