A great way to boost your pension in 2025 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 £2,100 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 - December 2024
| Provider | Offer | Offer Type | Small print | Provider Reviews |
| Wealthify | £25 - £1,000 cashback | Cashback | Wealthify had an offer where you could earn £25 - £1,000 cashback when you transfered at least £1,000 into a Wealthify Pension. It was open to new and existing customers. However, offer registration closed on 9th December 2024. We will update this table as soon as another offer becomes available. Read our Wealthify review for more information. | Wealthify review |
| Interactive Investor* | Pay no account fee for 6 months | Fee-free investing | New customers pay no account fees for 6 months when they open an Interactive Investor SIPP*. Offer ends 31st December 2024. Terms & fees apply. Capital at risk. | Interactive Investor review |
| InvestEngine* |
or Invest in a managed portfolio FREE for 12 months*
|
Welcome Bonus or Fee-free investing | Invest at least £100 with InvestEngine and receive a welcome bonus of up to £100*. Simply sign up to InvestEngine via the welcome bonus link. The bonus will be paid once you invest at least £100 in your portfolio. T&Cs apply. Capital at risk.
or InvestEngine will waive its management fees for a year* if you invest at least £100 in one of its managed investment portfolios. Offer applies to all managed portfolios, whether held in a general investment account, Stocks & Shares ISA or SIPP. ETF costs apply. T&Cs apply. Capital at risk. |
InvestEngine review |
| Charles Stanley* | Get up to £1,500 cashback* | Cashback | Get up to £1,500 cashback* when you transfer your cash and/or investments to Charles Stanley Direct. Minimum transfer £20,000. To be eligible for up to £1,500 cashback, transfer your cash and/or investments from another provider to a General Investment Account, ISA, Junior ISA or SIPP with Charles Stanley Direct Online Investing between 1st July 2024 to 31st December 2024. To claim the offer you'll need to send Charles Stanley a secure Message through the website or app entitled “Cashback” at the time you request the transfer. Terms and fees apply. Capital at risk. | Charles Stanley review |
| Freetrade* |
N/A |
N/A | Freetrade ran a cashback offer worth up to £2,100, however, it expired on 5th April 2024. We will update this table as soon as another offer becomes available. | Freetrade 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. Capital at risk | 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. Capital at risk | Click to read our Moneyfarm review |
| Hargreaves Lansdown* | N/A | N/A | Hargreaves Lansdown ran a cashback offer up to 29/02/24. We will update this table as soon as another offer becomes available. | Hargreaves Lansdown review |
| Vanguard | N/A | N/A | Read our Interactive Investor review to find out how you can invest in Vanguard funds | 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.
- ISA cashback offers and fee-free investing deals
- Check out our Deals page
- Save 20% when you purchase a Will
- Sign up to our newsletter and get £10 bonus cashback with TopCashback
If a link has an * beside it this means that it is an affiliated link. If you go via the link, Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. The following link can be used if you do not wish to help Money to the Masses or take advantage of any exclusive offers - Hargreaves Lansdown, Interactive Investor, Moneyfarm, Bestinvest, Charles Stanley, Freetrade
