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Refer a Friend

How do I refer my friends to Wealthify?

Sharing Wealthify with your friends is easy. All you need to do is send them your unique referral code.

You can find your code under the ‘rewards’ tab on the app or in the ‘Refer a Friend’ section on your dashboard.

This code is a unique link, that you can share however you want: email, WhatsApp, social media, etc.

Your friend can use this link to find out more about Wealthify, before choosing to start their own Investment Plan. This link is also how we track the referral bonus, so they’ll need to use this link to be eligible for the £50 cashback.

The Terms & Conditions can be found here.

    Am I eligible to refer a friend?

    Yes, if you have an investment account with Wealthify and at least one invested Plan, then you can refer your friends. If your invited friend goes on to successfully open a Wealthify Investment Plan, deposits at least £1,000, and leaves it invested for six months or more; both you and your friend will receive £50 paid directly into your respective oldest active Investment Plans.

    If the Wealthify Plan is a personal pension (SIPP) the cashback will be paid into the bank account associated with the Wealthify account.

    This offer is not available for Wealthify’s Instant Access Savings Account.

    Do I need to have money in my Plan to refer a friend?

    Yes, you need to have at least one active and funded Investment Plan with Wealthify to qualify for this cashback offer. This offer is not available for Wealthify’s Instant Access Savings Account.

    How many friends can I refer?

    There is no limit on the number of referral invites that can be sent, but the number of friend recommendations qualifying for a payment is capped at 50 (and this offer is also subject to availability).

    For example: If you referred 55 friends and they all qualified, they would each get £50 added to their Plan — but you would only receive a total of £2,500.

    Does my friend qualify if they’ve already set up a Wealthify account?

    Any friend you refer would need to be completely new to Wealthify. If they've already signed up but not created a Plan, then they won’t be eligible for the offer. Once they fund their Plan, they can start inviting friends of their own.

    What does my friend need to do to qualify?

    Your friend must be a new customer to Wealthify, sign up using your unique referral code and invest at least £1,000 in their Wealthify Investment Plan. Their £1,000 will then need to be invested with us for six consecutive months. They can do this by either:

    • Funding their Investment Plan with a one-off payment of £1,000; or
    • Funding their Investment Plan with instalments (i.e. a Direct Debit of £200 for five months)

    If your friend doesn’t invest £1,000 as a one-off payment, cashback will be paid once their balance reaches and remains over £1,000 for six consecutive months. They’ll be able to top-up and withdraw from their Investment Plan, as long as their balance remains above £1,000.

    If your friend doesn’t fund their new Plan within six months, we will close their Plan, and no claim can be made under the offer. This offer is not available for Wealthify’s Instant Access Savings Account.

    How will I receive my refer a friend cashback?

    The cashback will be paid automatically into your oldest active Wealthify Investment Plan within 30 days of our criteria being met. You can see the full criteria in our Terms & Conditions

    If the cashback is being paid into an ISA and this would take you over your ISA allowance for that year, we’ll pay it directly into the bank account you’ve registered with us. We may request evidence of the maximum ISA allowance being reached, if ISAs are held with other ISA managers before a bank payment is made.

    What happens if my friend’s balance goes below £1,000?

    If your friend withdraws money from their Investment Plan which takes them below the qualifying investment amount, cashback will not be paid to either you or your referred friend.

    However, if the value of their Plan falls below £1,000 due to movements in the market, then we'll still pay the cashback.

    Will refer a friend cashback form part of my ISA allowance?

    The cashback will form part of the current tax year’s ISA allowance if it’s deposited into a qualifying Stocks & Shares ISA. If the maximum allowance under ISA rules has been reached, we will pay it directly into the bank account that you have registered with us. We may request evidence of the maximum allowance being reached, if ISAs are held with other ISA managers before a bank payment is made.

    The cashback will form part of the current year’s Junior ISA savings limit if it’s deposited into a qualifying Junior ISA and will form part of the child’s investment. If the maximum savings limit under ISA rules has been reached, the cashback will be paid into the Junior ISA plan in the following tax year.

    What happens if the refer a friend cashback takes me over my ISA allowance?

    Any cashback that would take you over your Stocks & Shares ISA allowance will be paid directly into the bank account you’ve registered with us. We may request evidence of the maximum ISA allowance being reached if ISAs are held with other ISA managers before a bank payment is made.

    Any cashback that would take a Junior ISA over the Junior ISA savings limit in the current tax year will be paid into the Junior ISA plan in the following tax year.

    When will the cashback be paid?

    Once your friend has had at least £1,000 invested for six consecutive months, they’ll qualify for cashback. We will pay this to both of you, automatically, within 30 days of the date your friend qualifies.

    You can track your referrals when you visit your Wealthify account, where you can see how many people you’ve invited, how many accepted your offer, and how much cashback you’ll receive.

    If your friend clicks through to Wealthify from your Refer a Friend link and creates their own Plan, the status will show as ‘signed up’. Once they qualify for the cashback, it will change to ‘pending’ until the cashback is paid.

    Why didn’t I receive my refer a friend cashback?

    There are a number of reasons you may not receive cashback after you’ve referred a friend.

    Due to data protection, we cannot disclose details of your friend's account. However, if someone doesn’t deposit the correct qualifying amount or they withdraw money from their Plan within the qualifying dates, they will either invalidate the offer, or they’ll need to meet the criteria again to receive the cashback.

    How can I check the status of my cashback?

    You can track your referrals when you visit your Wealthify account, where you can see how many people you’ve invited; how many accepted your offer; and how much cashback you could receive.

    Each stage of the process will be as follows:

    Signed Up: Someone has accepted your Refer a Friend request.

    Pending: Your friend has qualified. 

    Paid: The one you’re waiting for! The cashback has been paid into your Plan.

    Not Taken Up: If someone doesn’t accept your request or doesn’t meet the eligible criteria. 

    If your friend clicks through to Wealthify from your Refer a Friend link and creates their own Plan, the status will show as ‘signed up’. Once they qualify for the cashback, it will change to ‘pending’ until the cashback is paid. 

    Cashback will be paid 30 days after your friend reaches the criteria of having £1,000 or more invested for six consecutive months.

    What happens if I close my Plan before the cashback is paid?

    Cashback will not be paid if you close your Wealthify Plan. You’ll need to have an active Wealthify Plan to qualify for the offer.

    Can my friend use their referral code to open a Savings Account?

    Unfortunately, you can only use the referral code to open the following Wealthify Investment Plans: Investment ISA, Junior ISA, Personal Pension (SIPP), and General Investment Account. Our Instant Access Savings Account is not currently included in this particular referral scheme.

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