- Those who transfer at least £20,000 to the account will get money back
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Interactive Investor will pay up to £3,000 cashback when you open its self-invested personal pension and deposit or transfer at least £20,000 to the account.
Cashback increases to the top amount in tiers, with the maximum £3,000 reserved for investors who can invest a whopping £2million.
Those with the £20,000 minimum will receive £100.
The deal closes on 31 January so you need to act fast if you want to take it up.
It pays out quicker than other deals we’ve covered, with Interactive Investor doling out the cash within 30 days of you meeting the criteria. However, you need to keep your account open for 12 months, otherwise it can reclaim the reward.
This deal comes ahead of the platform launching new account fees on 1 February 2026, which in our view are more straightforward to understand.
> Open a Sipp with Interactive Investor and get cashback*
Cashback can help your pot grow, but read the terms and conditions to check you qualify
Is this cashback deal worth it?
This is Money says: We’re largely positive about Interactive Investor. We like its flat subscription fees, because they help to keep costs low as your pot grows.
The platform itself is straightforward to use, and it has good research and educational content. You can read more about Interactive Investor in our review.
All this means that if you’re looking to open a new Sipp or transfer an existing pension, Interactive Investor is a good option – and this cashback deal can give your portfolio a decent boost.
However, the cashback available is on the low side. The deal only starts to become worthwhile when you have £500,000 or more to invest, as the table below shows.
| Deposit or transfer value | Cashback |
|---|---|
| £20,000 – £99,999.99 | £100 |
| £100,000 – £499,999.99 | £200 |
| £500,000 – £999,999.99 | £500 |
| £1million – £1,999,999.99 | £1,000 |
| £2million+ | £3,000 |
| Source: Interactive Investor, January 2026 | |
There’s a huge range between the minimum and maximum level of each tier, too. This means if you have more than the minimum level, you might be better off taking a deal that pays cashback as a percentage of the amount invested.
Freetrade* pays 1 per cent cashback capped at £5,000 on Sipp transfers or deposits of at least £10,000. This offer ends on 5 April.
This deal is likely more lucrative for most – if you invested £20,000, Freetrade would pay £200 cashback.
However, you won’t receive the cashback until December 2026.
IG* is also paying 1 per cent cashback on transfers, but this is capped at £2,000 and closes on 30 January.
You should read all the terms and conditions before going ahead with a deal, to make sure that you qualify.
> Get pension cashback with Interactive Investor*
It’s also best not to choose an investment platform based on cashback alone. Making sure that the platform suits your needs is more important – for example, if fees are high, they can wipe out the reward received.
We have a guide to the best investment platforms and you can also find out our pick of the best Sipps.
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