Skip to main content
All CollectionsPopular questions
Tax Year Prize Draw 2024/25
Tax Year Prize Draw 2024/25

How does the tax year prize draw work?

Zunera avatar
Written by Zunera
Updated this week

We’re offering up to £50,000 in cash prizes, which includes a grand prize of £25,000 for one lucky customer! To enter, you’ll need to deposit a minimum of £100 into a Cash ISA, Stocks & Shares ISA, one of our LISAs, Junior ISA, or a Personal Pension by 11.59pm on 5th April 2025.

For every £100 you deposit, you’ll gain one entry into the draw. So, as an example, if you were to deposit £2,000, this would earn you 20 entries! You can keep track of your entries directly within the app, under Settings > Promotions.

You can deposit through any method you like, such as easy or manual bank transfers, variable recurring payments (if available to you), our weekly collection cycle, moving money from one of our cash savings accounts (Simple Saver, Notice Accounts, or Reward Savings Account) into one of the above accounts, gifted deposits (for Cash LISA only), or transferring in an ISA or LISA from another provider. Please note that pension transfers do not count towards this prize draw.

ISA maxed out and withdrawals💸

For any customers who have maxed out their allowance(s) for the current tax year prior to the draw, we’ll automatically assign entries through the following structure:

  • Those with a maxed-out Lifetime ISA (either Stocks & Shares or Cash) will earn 40 entries*.

  • Those with a maxed-out ISA (either Stocks & Shares or Cash), will earn 200 entries.

  • Those with a maxed-out Junior ISA, will earn 90 entries.

  • Those with a maxed-out Moneybox Pension, will earn 600 entries.

*The maximum entries across all Cash LISA, Stocks & Shares LISA, Cash ISA and Stocks & Shares ISA products is 200 entries.

If you max out any of your allowances during the prize draw, we’ll automatically give you full entries too. If you make a withdrawal from a maxed-out ISA or Lifetime ISA (other than for the purpose of a qualifying property purchase) prior to 11:59pm on 5 April, then you will no longer receive these entries.

If you make a withdrawal from a qualifying product (other than from a Lifetime ISA for the purpose of a qualifying property purchase) prior to 11:59pm on 5 April then your withdrawals will be deducted from your entries. For example, if you were to deposit £2,000 into a Cash ISA and withdraw £950 from your Cash ISA, you would have 10 entries into the draw.

Track entries in your app 📱

If you’re on our latest app version, you can view your current number of entries by heading to Settings > Promotions.

Your number of entries will update automatically once your deposit(s) have been added to your account balance or any withdrawals have been deducted from your account balance. If you choose to add money through our weekly collection cycle, this typically occurs by the end of the next working day after the funds leave your bank account, normally the Monday after collection.

Transfers in

If you’re transferring an ISA or Lifetime ISA into Moneybox from another provider, we’ll need to receive the funds from your existing provider before the offer window closes at 11:59pm on 5th April 2025.

It’s worth noting that transfers can take up to 30 days to complete, and so we aren’t able to guarantee that your existing provider will send the funds before this date, however we’ll do the best we can to ensure there are no delays to your transfer.

Please note that the last opportunity to submit an ISA to Lifetime ISA transfer request for the 2024/25 tax year will be 5pm on 28th February. After this point, ISA to Lifetime ISA transfers will be unavailable in the app until the new tax year begins.

Winners 🏆

We’ll randomly select our nine winners on 21st April 2025, and they will be notified by email. If you’re selected, we’d just need you to accept or decline the prize within five working days of receiving this email.

If you don’t hear from us on 22nd April, this would mean that you weren’t selected this time round, however, we do run offers throughout the year so keep an eye out for future promotions! If one of the selected winners doesn’t respond within the given timeframe, a new winner will be selected on 29th April.

T&Cs apply, which you can find on our website here.

Did this answer your question?