Interactive Investor SIPP cashback: £200 offer (2026)

If you are looking for the latest Interactive Investor offers, you are in the right place. Interactive Investor (ii) is one of the UK’s largest investment platforms, best known for its flat monthly fee model rather than percentage-based charges.

For new customers, ii is currently running two offers, both open from 1 May to 30 June 2026: a £200 cashback on a new SIPP (pension), and £100 of free trades on a new ISA or Trading Account. Both are for UK residents only, and both are for people who are not already ii customers. Here is exactly how each one works, who qualifies, and the conditions worth knowing before you open an account.

Interactive Investor offers at a glance

Interactive Investor £200 SIPP cashback explained

The headline offer is £200 cashback when you open a new ii Personal Pension (a SIPP, or Self-Invested Personal Pension) and fund it with at least £20,000. It is the more valuable of the two offers, but it also comes with the most strings, so it is worth understanding the qualifying criteria in full.

Who is eligible

• You must not have been an existing ii customer on or before 30 April 2026.
• You must be over 18 and a UK resident, living at a UK address when you meet the qualifying criteria.
• The ii SIPP must be your first ii account, opened between 1 May and 30 June 2026.

How to qualify for the £200

1. Open a new ii Personal Pension as your first ii account during the offer period.
2. Fund it with at least £20,000 in total. This can be done through a pension transfer from another provider (which must complete within one year of you submitting the instruction), a cash contribution, or a combination of the two.
3. Add an ii Trading Account to your SIPP within one year of the end of the offer period. This is the account the cashback is paid into.

One important exclusion: cash or investments you already hold in an ii account (or with any company in ii’s group) do not count towards the £20,000. The qualifying funds have to be new money or a genuine transfer from another provider.

When and how the cashback is paid

The £200 is paid into the ii Trading Account linked to your SIPP. ii credits it by the later of two dates: 30 days after you meet the qualifying criteria, or 30 days after you open the Trading Account. It is a maximum of one payment per person, although ii can split it into instalments at its discretion. The cashback is funded by ii and is not taken from your investments.

The 12-month minimum term (read this before transferring)

To keep the cashback, you need to keep your ii SIPP open and funded for at least 12 months from the date your last qualifying transfer or contribution completes. If you close the SIPP, or withdraw or transfer the qualifying money out before that 12 months is up, ii can reclaim the £200.

Read the full terms & conditions here.

Interactive Investor £100 free trades (ISA and Trading Account)

The second offer is lower value but also far simpler, with no minimum deposit. New customers who open an ii Stocks & Shares ISA and/or an individual Trading Account (a General Investment Account, or GIA) as their first account during the offer period receive £100 of trading credits.

• Eligibility: new ii customers only, over 18 and UK resident.
• Minimum deposit: none.
• When credits arrive: within 5 working days of your account being opened.
• Expiry: the credits can be used until midnight on 31 December 2026. Anything unused after that expires.

The credits can be used to offset commission on real-time trades when you buy or sell shares, funds, bonds, gilts and ETFs, as well as automated trades such as dividend reinvestment. They cannot be used for the extra charges on extended settlement or telephone trades, and they cannot be used inside an ii Managed ISA. New accounts start on ii’s Core Price Plan; if your combined ISA and Trading Account balance goes above £100,000, you move to the Plus Price Plan.

One small timing note: orders placed before the expiry date but executed after it will not be eligible for the credits. Since fund orders often settle a few days after you place them, do not leave fund purchases until the last moment in December.

Please read the full terms & conditions here.

Is the Interactive Investor offer worth taking?

For the £100 free trades, the answer is straightforward. There is no minimum deposit and effectively no lock-in beyond the credit expiry, so if you were going to open an ii ISA or Trading Account anyway, it is close to free money for your first trades.

The £200 SIPP cashback deserves more thought, because moving a pension is a bigger decision than the cashback itself. ii’s flat-fee model tends to work best for larger pension pots, where a fixed monthly charge beats a percentage fee. If you were already planning to consolidate a pension into a flat-fee SIPP and you can comfortably meet the £20,000 funding requirement and the 12-month minimum term, the £200 is a genuine bonus on top.

What you should not do is transfer a pension purely to claim £200. Before transferring, check whether your existing pension has exit penalties, valuable guarantees, or benefits you would lose, and weigh those against the offer. As ii itself states in the terms, the offer is not advice or a recommendation to transfer, and if you are unsure whether transferring is right for you, you should take independent financial advice.

Other broker bonuses

If an ii account is not quite what you are after, several other platforms run sign-up offers for UK investors:

You can compare more options in our full list of brokers with sign-up bonuses.

Is Interactive Investor safe and regulated?

Yes. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority (FCA), and eligible client investments are protected under the Financial Services Compensation Scheme (FSCS) up to £85,000 per person. ii is one of the longest-established investment platforms in the UK, with its registered office at 201 Deansgate, Manchester, M3 3NW.

Bottom line

Interactive Investor has two new-customer offers running until 30 June 2026, both for UK residents. The £100 free trades on a new ISA or Trading Account is simple and low-commitment. The £200 SIPP cashback is more rewarding but comes with a £20,000 minimum funding requirement and a 12-month minimum term, so it suits people who were already considering a flat-fee SIPP rather than anyone chasing the cashback alone.