End of 2024/25 Tax Year Prize Draw – T&Cs
Terms and Conditions
Promoter
The End of 2024/2025 Tax Year Prize Draw (the “Prize Draw”) is operated and promoted by Digital Moneybox Limited, a limited company registered in England & Wales with the company number 09597755 whose registered office is Suite 1.07 1-2 Hatfields, London SE1 9PG (“Moneybox”, or “we” / “us” / “our“).
Eligibility
1. The Prize Draw is open to all Moneybox customers who:
a. have or open at least one “Qualifying Product” (as defined below) via your Moneybox account by 3pm on 5 April 2025. Any subsequent Qualifying Products must be opened by 5pm on 5 April 2025;
b. make a “Qualifying Deposit” (as defined below) during the “Qualifying Period”, (as defined below),
(an “Eligible Customer” or “you”).
2. The Prize Draw is available from 12am on 24 February 2025 to 11.59pm on 5 April 2025 (the “Qualifying Period”).
3. A “Qualifying Product” means:
a. Any one of the following Moneybox products:
i)Moneybox Cash Lifetime ISA;
ii) Moneybox Stocks & Shares Lifetime ISA;
iii) Moneybox Cash ISA or any other Moneybox Cash ISA product;
iv) Moneybox Stocks & Shares ISA;
v) Moneybox Junior Stocks & Shares ISA; or
vi) Moneybox Pension.
b. A product will be treated as a Qualifying Product only if the registration process is complete, at which point it will be visible in the ‘Your active accounts’ section through the ‘Accounts’ option in the ‘Settings’ tab in the Moneybox app, or showing as an ‘account’ on the ‘Home’ page on the Moneybox website.
4. A “Qualifying Deposit” means a total deposit of £100 or more, which has been successfully deposited and credited into a Qualifying Product during the Qualifying Period by no later than 11.59pm on 5 April 2025, in any one, or combination of, the following ways:
a. by Direct Debit (i.e. weekly collections) provided that you have instructed the collection by Direct Debit on or before 12pm (noon) on 2 April 2025 and the deposit is successfully collected thereafter;
b. by easy bank transfers, manual bank transfers or variable recurring payments (if such deposit options are available to you);
c. by using the “Move Money” feature to move money from a Simple Saver product, Reward Savings product, any notice saving product (i.e. 32 day notice product, 45 day notice product, 95 day notice product, 120 day notice product) or General Investment Account product into a Qualifying Product provided you have made the request by 5pm on 3 April 2025;
d. a gift link deposit (which for the purposes of this Prize Draw will be counted towards the Qualifying Deposits of the recipient, not the depositor, of the gift link deposit); and/or
e. a transfer from another ISA or Lifetime ISA provider into a Qualifying Product.
5. In respect of Qualifying Deposits, for the avoidance of doubt:
a. it is not necessary to break down deposits of more than £100 into separate deposits; for example, a single deposit of £1,000 will be counted as ten (10) Qualifying Deposits;
b. smaller sums that cumulatively add up to £100 will be deemed a Qualifying Deposit, such that every multiple of £100 deposited into one or more Qualifying Products within the Qualifying Period will be counted as a Qualifying Deposit. For example, one (1) deposit of £50 into one Qualifying Product and another deposit of £50 into another Qualifying Product will be counted as one (1) Qualifying Deposit;
c. any withdrawal(s) from any applicable Qualifying Products during the Qualifying Period shall be subtracted from the total Qualifying Deposits (apart from a withdrawal from a Moneybox Cash Lifetime ISA or Moneybox Stocks & Shares Lifetime ISA for the purpose of a qualifying property purchase, which will not affect your entries in the Prize Draw); for example, if a deposit of £2,000 (eligible for twenty (20) Qualifying Deposits) is made into a Moneybox Cash ISA and you subsequently withdraw £950 of Qualifying Deposits from a Moneybox Stocks & Shares ISA, this will be counted as ten (10) Qualifying Deposits in aggregate;
d. partial or full withdrawals from Moneybox Cash Lifetime ISA and/or Moneybox Stocks & Shares Lifetime ISA for any reason other than a permitted reason as set out in the ISA Regulations may incur a government withdrawal charge of 25% of the withdrawal amount. The portion of the withdrawal which is the government withdrawal charge will not count towards the reduction in the number of entries you earned from your Qualifying Deposits for this prize draw. For example, if you make a Qualifying Deposit of £2,000 (eligible for twenty (20) Qualifying Deposits) during the Qualifying Period, then withdraw £1,000 (including the government withdrawal charge), £250 of the total £1,000 withdrawal will be the 25% government withdrawal charge and so you will receive £750, and your Qualifying Deposits will therefore be adjusted accordingly and counted as twelve (12) Qualifying Deposits.
e. the maximum number of entries that can be earned in the Prize Draw is:
i) 40 entries for a Moneybox Cash Lifetime ISA or Moneybox Stocks & Shares Lifetime ISA (which are a subset of the maximum ISA entries in clause 5(e)(iii));
ii) 90 entries for a Moneybox Junior Stocks & Shares ISA;
iii) 200 entries for a Moneybox Cash ISA or Stocks & Shares ISA; and
iv) 600 entries for a Moneybox Pension;
f. any one of the following actions mean that your deposit(s) are not eligible for the Prize Draw in each case in respect of the applicable Qualifying Product(s):
i) if you reach the annual ISA limit or maximum annual pension allowance for the 2024/2025 tax year with another provider before the Qualifying Period;
ii) any amounts deposited in a Qualifying Product which exceed the annual applicable ISA limit will not count towards a Qualifying Deposit and will not be eligible for an entry into the Prize Draw;
iii) if you request to transfer any of your Qualifying Product(s) to another ISA or Lifetime ISA provider and such request to transfer is completed or pending at 11:59pm on 16th April 2025; or
iv) if you transfer your personal pension from another pension provider into a Moneybox Pension, even if the transfer request has been made or is completed during the Qualifying Period.
6. If you deposit the annual ISA limit, or the maximum annual pension allowance, for the 2024/2025 tax year, into any of your Qualifying Product(s), either prior to the beginning of the Qualifying Period or during the Qualifying Period by making Qualifying Deposits, you will be eligible to receive:
a. a total of forty (40) entries into the Prize Draw in respect of a Moneybox Cash Lifetime ISA or Moneybox Stocks & Shares Lifetime ISA (which are a subset of the maximum ISA entries in clause 6(c)); and
b. a total of ninety (90) entries into the Prize Draw in respect of a Moneybox Junior Stocks & Shares ISA; and
c. a total of two hundred (200) entries into the Prize Draw in respect of a Moneybox Cash ISA or Moneybox Stocks & Shares ISA; and
d. a total of six hundred (600) entries into the Prize Draw in respect of a Moneybox Pension,
in each case, any withdrawals from the Qualifying Products will reduce your entries as set out in clause 5(c) and 5(d) above.
7. Please contact our team on support@moneyboxapp.com or via the in-app chat by 16 April 2025 if you would prefer not to participate, otherwise all applicants that make a Qualifying Deposit into a Qualifying Product will automatically be entered into the Prize Draw. There is no fee for entering the Prize Draw.
8. To be eligible to win the Prize Draw you must continue to hold your Qualifying Product(s) with us until the date the winners are selected (see below).
Winners
9. Nine (9) winners will be randomly selected in accordance with the laws of chance, consistent with the requirements of Promotional Marketing Rule 8.24 of the CAP Code, by a computer process on 21 April 2025 and notified by email by 11:59pm on 22 April 2025 using contact details registered on the winners’ Moneybox accounts.
10. Each winner will need to respond to Moneybox to confirm they accept or decline the prize within five (5) business days from the date that Moneybox sends the Customer an email notifying them about the prize.
11. If a selected winner(s) does not respond to our email within this timeframe, either to accept or decline the prize, a new winner(s) will be randomly selected by 29 April 2025, and notified within five (5) business days. For the avoidance of doubt, the new selected winner(s) will also need to respond to Moneybox to accept or reject the prize within a five (5) business day timeframe, otherwise a new winner(s) will randomly be chosen following the above process.
12. If any winner(s) are the owners of a Moneybox Junior Stocks & Shares ISA, the parent or guardian registered on the Moneybox Junior Stocks & Shares ISA on 16 April 2025 will be deemed to be the winner of that prize and required to respond to our email within five (5) business days.
Prizes
13. There are nine (9) prizes on offer: one (1) prize of £25,000, one (1) prize of £10,000, two (2) prizes of £5,000 and five (5) prizes of £1,000 each. The prizes will only be paid to the competition winners (as determined by the process above). The prizes will be paid directly into each winner’s bank account linked to their Moneybox account (or the parent/guardian’s bank account registered for a Moneybox Junior Stocks & Shares ISA, as applicable). We will endeavour to complete the payments within five (5) business days from the date of acceptance of the prize.
Other
14. These Prize Draw Terms and Conditions (the “Prize Draw Terms”) supplement the Moneybox Terms & Conditions and the Moneybox Promotional Terms & Conditions available on the Moneybox website and app. To the extent there is a discrepancy between: (i) these Prize Draw Terms and; (ii) the Moneybox Terms and Conditions and the Moneybox Promotional Terms & Conditions, the Moneybox Terms and Conditions and the Moneybox Promotional Terms & Conditions shall prevail.
15. By placing a deposit or opening a product with us at any time, you are deemed to have accepted these Prize Draw Terms.
16. Please note we are required to make available information that indicates that a valid award took place. To comply with this obligation, we will send the surname and county of the prize winners to anyone requesting this information. If you object to any or all of your surname and county being published or made available, please notify us by contacting us on support@moneyboxapp.com, and we will remove you from the Prize Draw. Please note, we must provide details of any Prize Draw entrants to the Advertising Standards Authority, the Financial Conduct Authority, or any other competent authority requiring such details, on request.
17. We will process your name, email address, date of birth, bank details, residential address, and other account details necessary, for the purposes of administering the Prize Draw. Personal data supplied will be treated as set out in our Privacy Notice.
18. Before opening an ISA or Lifetime ISA product, it is your responsibility to review and understand the ISA and Lifetime ISA eligibility criteria and rules including those relating to withdrawals and penalties. Any tax implications depend on your personal circumstances, and the ISA and Lifetime ISA rules may change. Rules regarding contributions, tax benefits, and account usage are subject to change and may vary based on your individual circumstances. By proceeding, you acknowledge you have verified your compliance with HMRC regulations.
19. Please check with us before you transfer from another ISA or Lifetime ISA provider to ensure we can support your transfer. We are not liable for any delay in transfer of an ISA or Lifetime ISA.