Interactive Investor Sipp Cashback: Up to £3,000 This August
If you’re thinking about opening a self-invested personal pension (Sipp) or moving an existing pension to a new provider, Interactive Investor is offering a tempting sweetener this month: up to £3,000 in cashback.
Here’s what you need to know.
Who can claim and how much?
New Interactive Investor customers who open a Sipp between 1 August and 31 August 2026 can claim cashback based on how much they deposit or transfer. The more you bring across, the more you get back. For example, if you’re transferring a pension pot of £20,000 to £49,999.99, you’ll receive £100. But if you’re moving £1.5 million or more, you could pocket the full £3,000.
There are eight tiers in total, with payments stepping up at each level.
Important conditions to know about
This offer only applies to new customers opening a Sipp as their first account with Interactive Investor. You’ll need to open a trading account by the end of February 2027 — though you don’t have to actively use it. This is where your cashback will be paid into, and you should receive it within 30 days of meeting the criteria.
If you delay opening the trading account, your cashback payment will be delayed too.
Crucially, you must keep your Sipp open and funded for at least 12 months. If you close it earlier or withdraw funds, Interactive Investor may claw back the cashback.
A word of caution
Cashback offers can be tempting, but don’t let them drive your pension decision. Before transferring an existing pension, check that you won’t lose any valuable benefits — some older pensions offer protected retirement ages or guaranteed growth rates that are worth protecting.
Compare Interactive Investor against other platforms to make sure it meets your investment needs and goals. Look at fees, investment choice, and customer service, not just the headline cashback figure.
What to do next
If you’re interested, visit Interactive Investor’s website before 31 August. Remember to start any pension transfers within the offer period — they must then complete within six months. Taking time to understand the platform before committing will serve you better than chasing the cash incentive alone.