Six month extension for cashback

1. Subject to these terms and conditions, if you have been invited to take part in the Transfers Cashback Offer (October 2024 – January 2025) (the “Offer”), register for the Offer and apply to transfer existing pensions worth at least £25,000 from other providers into the HL Self-Invested Personal Pension, HL Group Self-Invested Personal Pension or HL Drawdown Pension, between 17 October 2024 and 10 January 2025 inclusive (the “Offer Period”), you will receive a cash amount after the transfer is complete, depending on the amount you transfer. The Offer is funded by us, and the cashback will not come from your own cash or investments.

2. The total value of your cashback will be based on the cumulative total value of qualifying pension transfers made within the Offer Period. The value of the cashback paid will be determined in accordance with the tiers identified in the table accompanying these terms and conditions.

3. To be eligible for the Offer, you must:

• have received a communication from Hargreaves Lansdown inviting you to the offer;
• be resident in the United Kingdom;
• be an existing Hargreaves Lansdown client;
• be aged between 18 to 65 years old;
• have held a Hargreaves Lansdown account for at least the previous 5 years (you must have opened your Hargreaves Lansdown account before 11 January 2020);
• register for the Offer by 11:59pm on 10 January 2025;
• transfer existing pensions worth at least £25,000 from other providers into the HL SIPP, HL GSIPP or HLDP; and
• comply with these terms and conditions.

4. You can register for the Offer by completing the online cashback registration form, the postal cashback registration form, by asking us via Secure Message using your online account or by asking us via telephone. If you do not register for the Offer, no cashback will be paid.

5. If you register for the Offer and we receive your qualifying transfer application(s) within the Offer Period, even if the transfer itself isn’t completed until after the Offer closes, you will still qualify.

6. The cashback payment will be paid into your Loyalty Bonus Account which is separate from your other HL Account(s). You will receive the cashback payment at the later of December 2025 or within 8 weeks from the date that your last final qualifying transfer completes (the “Cashback Due Date”). This means the earliest you will receive cashback is December 2025. The payment date will be determined by us. The cash can be kept in your Loyalty Bonus Account for fee collection, withdrawn or moved into another of your HL accounts. If moved into an ISA or SIPP, it will count towards your annual allowance.

7. If you transfer any portion of your SIPP and/or Drawdown pension away, or close them, before 24 November 2025, the cashback will not be paid. The only exception is if you transfer to another provider for the purpose of buying an annuity, and the annuity has been brokered by Hargreaves Lansdown. You are free to switch between investments and in and out of cash within your HL SIPP.

8. It isn’t possible to combine the value of transfers into other HL products or accounts with different client numbers for the purpose of this Offer. The maximum amount of cashback you can receive under this Offer is £3,000.

9. Your transfer can only qualify for one incentive. If Hargreaves Lansdown has offered, or does offer, another incentive, your transfer will qualify for the first offer your registered for, as in term 3.

10. If you need more time to decide whether you want to transfer to us, please complete the online extension form and we will extend the deadline for you by six months. Alternatively, call our Helpdesk on 0117 980 9926 or send a secure message through your online account.

Exclusions

11. The following are excluded from the Offer: (1) the transfer of a Junior SIPP or defined benefit/final salary pension; (2) new money cash subscriptions into any existing HL Account; (3) the lodgement of certificated shares; (4) movements of investments or cash already held on the HL platform, including switches or transfers between or within existing HL accounts or income and interest received on any assets held in those accounts; (5) transfers to any HL products other than the HL SIPP.

General

12. We reserve the right to remove or suspend the Offer at any time, including for legal or regulatory reasons or otherwise, by posting a notice on our website. If the Offer closes early, all qualifying applications already received at the time of the posting of the notice will still be accepted.

13. You can opt out of the Offer at any time by contacting our Helpdesk on 0117 900 9000.

14. We also reserve the right to determine how the cashback payment is calculated. Therefore, if you are not sure how your transfers will be treated under the terms of this Offer, please contact us before you apply to transfer. By registering for the Offer and submitting a qualifying application within the Offer Period, you agree to be bound by the terms of this Offer.

15. These terms are governed by the laws of England and Wales and subject to the exclusive jurisdiction of the courts of England and Wales.

16. This Offer is provided by Hargreaves Lansdown Asset Management Limited, which is a limited company registered in England & Wales with the company number 01896481, whose registered office is 1 College Square South, Anchor Road, Bristol, BS1 5HL. References in these terms and conditions to “our”, “us” or “we” are to Hargreaves Lansdown Asset Management Limited.