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. You can also see Euro-based P2P Cashback offers here.
|Platform||Minimum Investment||Cashback||Minimum Investment Period||Cashback Link & Terms and Conditions|
|Archover||£5,000||£75||Join via this referral link and pledge £5,000 within 90 days for £75 cashback.|
|Brickowner||£1,000||£50||None||Invest £1,000 within 30 days of opening account. Sign up via referral link. Email [email protected] to confirm.|
|CapitalRise||£1,000||1% of first investment amount. More details here.|
|CurrencyFair||€2,000||€30||Single money transfer||CurrencyFair is a money transfer service, used by some who invest in Euro platforms. Join here & transfer at least €2,000|
|Flender||£1,000||10% of any investment amount >£1,000||10% cashback for each lender who signs up via this link and invests over £1,000. Cashback available as soon as lenders invest funds.|
|Funding Circle||£2,000||£50||2 months||Invest £2000 before 30th September 2017. Need referral email (how?).|
|Funding Secure||£1,000||£25||1 month||Referral Link (takes you directly to registration)|
|Lendy (formally Saving Stream)||£1,000||£50||Join up via this Referral Link|
|Property Partner||£5,000||£100||None||I can send you a personal invite via this form.|
|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.