Transfers cashback offer

1. Information and Qualifying Criteria

1.1. This document describes when and how Barclays Smart Investor may pay cashback. You should read it carefully and contact us with any questions. This document does not form part of or amend your legal agreement with us.

1.2. Payment of cashback will be made as specified in paragraphs 2.1-2.2, when the qualifying criteria have all been fulfilled.

1.3. The qualifying criteria for cashback are:

(a) we receive a qualifying request to your Smart Investor account (Investment ISA or Investment Account) to receive Funds (Unit Trusts or Open Ended Investment Companies) and/or cash from a third party financial firm (including cash ISAs from Barclays) for investment into Funds that meet the criteria for cashback into your nominated bank account as described in paragraph 2.1.

(b) a qualifying request is when Smart Investor receives a transfer request during the offer period, 31 May to 26 July 2019. If you need more time to decide whether transferring is right for you, contact us and we’ll extend the deadline date by up to three months.

(c) If assets are transferred as cash to be invested in Funds the purchase must take place by the end of the offer period or 30 days after your transfer has completed (whichever is longer) to qualify for cashback. If you need more time to make an investment decision, contact us and we’ll extend the deadline date by up to three months.

Please note that you are able to request an extension for both your time to initiate your transfer to us and the time you require to invest your cash to be invested in Funds.

This excludes all assets held within pensions (including SIPPs). This also excludes the following assets: shares, gilts, bonds, ETFs and Investment trusts that are held within an Investment ISA or Investment Account.

1.4. We reserve the right to withdraw the cash back offer at any time without a period of notice. In the case of early withdrawal we will publish a notification on the Barclays Smart Investor website. A withdrawal of this offer will not affect any qualifying requests received by us prior to the date of withdrawal.

1.5. The value of cashback will be determined by the total value of Funds transferred (Funds and/or cash (subsequently invested in Funds)) on completion of your qualifying request(s):

1.6. If we identify more than one qualifying request from you is made to one or more Smart Investor Accounts, the aggregate value of Funds transferred (Funds and/or cash (subsequently invested in Funds)) will be taken into account for the purpose of calculating your cashback.

1.7. The total value you transfer will be valued as at the date we receive the Funds (Funds and/or cash (subsequently invested in Funds)) in your Smart Investor account.

2. Cashback payment

2.1. Your cashback will be paid to your nominated bank account that is linked to the account that you are transferring your assets to. If you do not have a nominated bank account please contact us. Without this you will not receive your cashback as we will be unable to make the payment.
2.2. Cashback due to you will be paid within 60 days of the transfer of the final Fund (or cash subsequently invested in Funds) being received into your Smart Investor account(s).

The value of investments can fall as well as rise. You may get back less than you invest. Tax rules can change and their effects on you will depend on your individual circumstances. Before transferring your investments, find out about any charges, exit penalties, benefits you may lose or investments that you can’t transfer to us. If you transfer cash or investments from a Lifetime ISA to an Investment ISA, it will count as a Lifetime ISA withdrawal and you will incur the 25% government charge on the amount transferred.