Some of the largest P2P lending sites offer sign up bonuses for new registrations. For some P2P lending platforms these can be accessed directly through a cashback link. Other sites need a referral email to be requested which is directly associated with your name and email address. For the later I’ve made a request form below if you want me to raise the requests for you.
|Platform||Minimum Investment||Cashback||Minimum Investment Period||Cashback Link & Terms and Conditions|
|Brickowner||£1,000||£50||None||Invest £1,000 within 30 days of opening account. Sign up via referral link. Email [email protected] to confirm.|
|CurrencyFair||€1,000||€30||Single money transfer||CurrencyFair is a money transfer service, used by some who invest in Euro platforms. Join here & transfer at least €1,000|
|Funding Circle||£2,000||£50||2 months||Invest £2000 before 30th June 2017. Need referral email (how?).|
|Funding Secure||£1,000||£25||1 month||Referral Link (takes you directly to registration)|
|Growth Street||£2,000||£100||12 months||Sign up via this referral link. Capital at risk. No FSCS cover. Terms apply.|
|Landbay||£1,000||£50||12 months||Working cashback link here. Must deposit £1000 in one transaction, and keep invested for 12 months.|
|Lending Works||£1,000||£50||6 months||Working cashback link here.|
|Property Partner||£5,000||£100||None||I can send you a personal invite via this form.|
|RateSetter||£1,000||£50||12 months||Referral Link - see RateSetters latest terms in the link.|
|RebuildingSociety||£0||£10||None||Working cashback link here. You need to register, verify identity and make a deposit to receive cashback.|
|WiseAlpha||£1,000+||£25 - £250||Staggered new customer bonus from £25 for £1k up to £250 for £25k. More details via this referral link.|
|Zopa||£2,000||£50||None||Zopa sometimes closes off new investments when demand is too high. This referral link works when they are accepting new investors.|
Form to Request Manual Referrals
Q: I registered before realising there was a cashback offer available… is it too late?
A: That depends. If you’ve not gone through any ID or ‘Know Your Customer’ (KYC) checks it should be OK to just clear your browser cookies and re-register with a new email address. On the other hand if, you’ve verified your identity or made an investment it may not be so easy. If there’s any doubt it’s best to email the customer services of the relevant P2P platform and check with them. If you get it in an email to confirm that you’re eligible for the cashback offer that may make life easier if you need to chase it up 6 months/ 1 year later.
Q: Do I have to pay tax on Cashback offers?
A: This is a complex issue, the most informative piece I could find was Zopa’s guidance, which goes on to source two government documents (links below). What I understand from this is:
- Cashback offers where you are offered an incentive to join are not taxable (see relevant government document)
- Refer a friend offers where you are the referrer who gains when someone else joins are taxable (see relevant government document)
I also receive a bonus for most of the referral links above, which goes towards helping to run this site and develop the P2x comparison tool.