Interesting to note that the £40k might well not be £40k. As you cannot contribute more than your earnings to a pension in any year. The T&C acknowledge this, saying:
The Winner will receive the £40,000 Prize into their Penfold Pension which consists
of:
a) A £32,000 contribution from Penfold...
To add to the above, Profile Pensions Referral offer now needs a minimum pension deposit (or transfer) of £50, not £10.
From the T&C:
"
The referrer is offered a £50 Amazon.co.uk Gift Card for each friend who orders for the first time and the pension balance is over £50.
"
Still well worth...
Not sure why you're suggesting you're losing the £10 and only making a 'profit' of £40.
It's a pension. It's still yours. And it will be 12.50 when the tax relief is paid. And then invested, so will, generally, go up over time.
Plus you get a £50 voucher.
So £10 outlay for £12.50 in a...
Here's my referral - grateful if anyone uses it!
Thanks.
https://our.kroo.com/r/trees/6mDnJZ
Get £10 & plant 10 trees when you open a Kroo debit card account today.
Just logged in to Raindrop and see that we (myself and Mrs Z-man) have had the referral bonuses too - only the net bonus so far, tax relief part of it not added yet, so only £40 of the £50.
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