Reward Shares Offer Terms (SIPP and Mortgages) 2022

Offer

1. The shares in Digital Moneybox Limited (“Moneybox”) offered in this promotion (“Reward Shares”), are available to customers who open a personal pension with Moneybox or obtain a mortgage through Moneybox Mortgages Limited. This promotion is made by Moneybox and is subject to the below terms and conditions (“Reward Share Offer Terms”).

2. The offer is available from 10:00 BST on 16 May 2022 to 23:59 BST on 8 July 2022 (the “Offer Window”).

Moneybox Pension Eligibility

3. To be eligible to receive the Reward Shares, you must satisfy all of the following requirements (together, the “Offer Requirements”):

a. during the Offer Window open a Moneybox Personal Pension, if you don’t already have one; 

b. during the Offer Window have one or more Qualifying Pension Transfers (as defined below) In Progress (as defined below);

c. the Qualifying Pension Transfer(s) (as defined below) must subsequently be completed (this is indicated when the pension transfer(s) are marked as completed in the Moneybox App and via email); 

d. complete transfers In Progress equal to a cumulative value of at least £100;

e. satisfy the Promotional Requirements as defined and included in Section 13 (Promotions) of the Moneybox Terms and Conditions; and

f. agree to the Reward Share Agreement.

4. A “Qualifying Pension Transfer” means a UK registered pension that:

a. does not have guaranteed benefits associated with it that cannot be provided by the Moneybox Personal Pension, as set out in Section 3 of the Moneybox Terms and Conditions; and

b. is not the pension provided by your current employer and being contributed to by your employer. 

5. A pension transfer that is “In Progress” is one in which Moneybox has received a transfer request where the current pension provider (“Current Provider”) has been selected and all the correct policy information has been supplied. This will show as “Transfer in progress” in the Moneybox Personal Pension account in the Moneybox App. If your pension transfer request cannot be processed by your Current Provider electronically, to qualify for the Offer we must have received your transfer request form complete with all the correct policy information before the Offer Window deadline.

Moneybox Pension Reward

6. Reward Shares will be awarded no earlier than 30 days after the eligible transfer(s) completes, and we will endeavour to issue them within 65 days. 

7. The total amount of Reward Shares that will be awarded will depend on the total value of the eligible transfer(s) completed, as set out in the table at Table 1 below.

Mortgage Eligibility

8. To be eligible to receive the Reward Shares, you must satisfy all the following requirements (together, the “Offer Requirements”):

a. be a Moneybox customer;

b. submit a Qualifying Mortgage Application (as defined below) during the Offer Window;  

c. the Qualifying Mortgage Application in 8.b must subsequently complete; 

d. complete the mortgage process through your solicitor/conveyancer;

e. satisfy the Promotional Requirements as defined and included in Section 13 (Promotions) of the Moneybox Terms and Conditions; and

f. each applicant entitled to receive Reward Shares must agree to a Reward Share Agreement.

9.  A “Qualifying Mortgage Application” means an application with Moneybox Mortgages Limited for either: (i) a new residential mortgage; (ii) a remortgage, (iii) a product transfer, or (iv) a new buy-to-let mortgage, submitted by a customer of Moneybox.

10. If there are two or more mortgage applicants: 

a. only the Moneybox customers are entitled to the Reward Shares; and

b. the total Reward Shares will be split equally between the mortgage applicants who are Moneybox customers and transferred to each Moneybox customer’s account. 

Mortgage Reward

11. Reward Shares will be awarded no earlier than 30 days after completion of a mortgage, and we will endeavour to issue them within 65 days of completion of a mortgage. 

12. The total amount of Reward Shares that will be awarded is dependent on the completion of a mortgage, as set out in Table 2 below. 

Other Terms

13. If you transfer your Moneybox Personal Pension to another provider within 36 months of your eligible transfer(s) completing, all of the Reward Shares earned as a result of the eligible transfer(s) must be returned to Moneybox (per the terms of the Reward Share Agreement). 

14. By entering this promotion you confirm you are not an employee, officer or director of Moneybox or any member of its group, or any member of such person’s immediate family or household. This is a condition of eligibility for this promotion. 

15. Moneybox is not responsible for any delays or issues with the transfer of your pension.

16. Moneybox may withdraw and/or revoke the Reward Shares at any time if you are suspected of fraud, misuse or violation of these terms, the Moneybox Terms and Conditions of the Reward Share Agreement. 

17. These Reward Share Offer Terms supplement the Section 13 (Promotions) of the Moneybox Terms and Conditions.  To the extent there is a discrepancy between these Reward Share Offer Terms and the Moneybox Terms and Conditions, the Moneybox Terms and Conditions shall prevail. Moneybox is the sole arbiter of these Reward Share Offer Terms and  the Moneybox Terms and Conditions, and may amend them from time to time. 

18. By participating in this offer, you are deemed to have accepted these Reward Share Offer Terms and the Reward Share Offer Risk Warnings.

 

Table 1: Reward Share Tiering table: Moneybox Pension 

Each share has an estimated value of £5.58, based on the price of shares purchased by investors in Moneybox’s last fundraise. The price does not necessarily reflect the cash returns that could be achieved if the shares were sold, and may go up or down in the future. There is not currently a liquid market to sell the shares. – please refer to the risk warnings available at: https://www.moneyboxapp.com/app/reward-shares-risk-warnings

Table 2: Reward Share Tiering Table: Moneybox Mortgage

Each share has an estimated value of £5.58, based on the price of shares purchased by investors in Moneybox’s last fundraise. The price does not necessarily reflect the cash returns that could be achieved if the shares were sold, and may go up or down in the future. There is not currently a liquid market to sell the shares.  – please refer to the risk warnings available at: https://www.moneyboxapp.com/app/reward-shares-risk-warnings