How to get 2% cashback

Simply open an ISA with a minimum of £1,000 between 4th February, 2025 and 30th April, 2025 and you’ll receive 2% cashback. You can open a new ISA or transfer an existing one — either qualifies —  plus with the offer extending until the end of April, you can even take advantage of two years’ annual tax-free allowances.

Click here and an ISA pop-up screen will appear. Just click “Get Started”

You will be taken to Moneyfarm’s website for registration and ISA setup

Receive 2% cashback (up to £5,000) on your total investment

FAQ

How do I transfer my ISA to eToro?

The ISA transfer form is provided to you once you have created an ISA portfolio using the ISA transfer option. Alternatively, if you already have an eToro ISA, powered by Moneyfarm, you can access the form inside your Moneyfarm account. Simply go to ‘details’ on your ISA portfolio, and then ‘actions’ to find the form.

From here, the process is over to Moneyfarm. Once your form is completed and passed over, Moneyfarm organise the rest and get your new ISA set up in no time. Learn more here.

What’s the difference between the Managed ISA and the DIY ISA?

With a Managed ISA your portfolio is created and managed for you by a team experts. You will get a globally diversified portfolio matched to your goals and personal risk profile, backed by smart technology and human expertise. Moneyfarm’s Asset Allocation team monitors and regularly rebalances your ISA to maintain its optimal structure. Your ISA portfolio will stay aligned with your personal risk profile and investment goals. Learn more here.

With a DIY ISA you pick your own investments choosing from over 1,000+ stocks, ETFs, bonds and mutual funds. This gives you full control to choose and manage your own investments within your ISA wrapper. The DIY ISA allows you to personalise your portfolio, to align with your values and financial goals. You will also benefit from a consultant by your side throughout your investing journey. Learn more here.

What types of assets can I invest in with the eToro ISA?

Choose from over 1,000+ assets including UK stocks, Global ETFs, bonds, and mutual funds.

How does the cashback offer work?

Invest a minimum of £1,000 between February 4th, 2025 and April 30, 2025 and you’ll receive 2% cashback on everything you invest, up to a maximum cashback value of £5,000 (i.e. a £250,000 investment). You can invest more than £250,000, but anything over that amount will not be eligible for the 2% offer.
The offer applies to both the DIY and Managed ISA products.

Note that as the offer extends to 30 April, you can get cashback on next year’s £20,000 allowance, as well as anything you invest in this tax year, pre April 5.

You will receive your cashback value on 31st October, into your ISA cash balance within Moneyfarm.

If you withdraw your initially invested amount within a 2 year period (i.e. before 30 April 2027), the cashback amount will be withheld from your withdrawal amount.

See full terms and conditions here.

What is a Stocks & Shares ISA?

The Individual Savings Account, or ISA for short, helps savers and investors grow their money in a simple and tax-efficient way. The main benefit of an ISA is that you can grow your money tax-free. There are many different types of ISAs and they are not a “one-size-fits-all solution.” You should choose the best one depending on your needs and current situation. Stocks & Shares ISAs are a simple and tax-efficient way to grow your money over the long term. You can invest up to £20,000 in your Stocks & Shares ISA each financial year, and any growth in the value of your money and any income can build up protection within your tax-free wrapper.
You usually have to pay capital gains tax on any profit you make on your investments above your annual allowance. This is £12,000 for the 2021/22 tax year.
If you invest your money in an ISA, you won’t need to pay a thing in capital gains or dividend tax. Making the most of the tax benefits available to you is crucial for maximising your returns over the long term.
The tax benefits of an ISA are subject to change in the future.

You can learn more about ISAs in this guide.

What are the tax benefits of a Stocks & Shares ISA?

ISAs have generous tax benefits that can help you maximise your investment returns.

When you invest in an ISA, you’re not charged Capital Gains Tax (CGT) on any profit you make when you sell your investments. Everyone has an annual CGT exemption allowance of £3,000 in the 2024/25 financial year. You’ll be charged CGT on any profit made above this annual allowance if you didn’t invest in an ISA.

Any losses made on your investments in your Stocks & Shares ISAs can’t be used to offset capital gains on your other investments.

ISAs also protect any income from your investments in your tax-free wrapper.

Outside of an ISA, you don’t pay tax on the first £500 of dividends you get in the tax year. Above this allowance, you pay tax of between 8.75-39.35%, depending on your income tax band. If you invest in an ISA, you don’t pay anything.

The tax treatment of a Stocks & Shares ISA depends on your individual circumstances and may be subject to change in the future.

Can I withdraw from my Stocks & Shares ISA?

You can withdraw money from your ISA whenever you need to, without it impacting your ISA allowance from that tax year. Moneyfarm does not charge you to withdraw from your ISA, as we know how important it is that you have flexible access to your investments. However, the longer you can keep your money invested, the more you can expect your money to grow to help you have a more financially secure future. Learn how to withdraw your money from a Stocks and Shares ISA.