# Lightyear Sign-up Promotion Terms # Terms  1. These Terms govern timed promotions offered by Lightyear or Lightyear's affiliate partners from time to time. A promotion may allow eligible customers to claim a Reward (Reward) during the Promotional Period (as specified in the App) by meeting the participation requirements and fulfilling any additional conditions specified for the promotion. 2. The Reward depends on the Promotion. The nature and criteria of each specific Promotion shall be specified in-App or via marketing materials. The Reward can be a benefit (such as removal of certain fees), a fractional share worth a pre-determined amount or any other alternative reward as communicated to our customers.  3. Certain Promotions may include automated randomisation of the Reward value. For this type of Promotion, each eligible customer who meets the participation criteria will receive a Reward. The value of that Reward is allocated via automated randomisation according to the applicable table below, depending on whether the Promotion relates to a personal or business account. The process assigns the customer to a Reward bucket based on the stated probabilities and then selects a Reward value at random within that bucket’s range. - Lightyear determines the eligibility criteria and the randomisation parameters (including buckets, ranges and probabilities) at its sole discretion. - Due to randomisation, the actual distribution of awarded values may differ from the table weightings. **Personal account promotions** The below table applies to Promotions relating to a personal account. **Bucket Min** **Bucket Max** **Probability** **10** **20** **80%** **21** **50** **15%** **51** **75** **3%** **76** **100** **2%** **Business account promotions** The below table applies to Promotions relating to a business account. **Bucket Min** **Bucket Max** **Probability** **30** **50** **80%** **51** **75** **15%** **76** **150** **3%** **151** **300** **2%** 4. If an individual wishes to redeem a Reward, any Reward requiring deposit into an account (such as monetary rewards or fractional shares) can only be deposited into (a) a General Investment Account (GIA), for a personal account Promotion; or (b) the customer's Lightyear business account, for a business account Promotion. Non-monetary Rewards (e.g., fee waivers) are not subject to this requirement. Accordingly, in addition to meeting the conditions in Clause 1, the customer must successfully open and complete verification of the relevant account to redeem the Reward. 5. The Reward that is a fractional share worth a pre-determined amount can be claimed by placing a market order on the Lightyear App to buy the chosen fractional share. This order cannot be cancelled or otherwise modified. If the Reward is redeemed at the time when the market in which the fractional share is tradable is closed, the Reward shall be made available once the market opens and the order is filled. By redeeming the Reward, the customer acknowledges and agrees that: - Lightyear does not provide any investment advice or recommendations by making the Reward available to the eligible customer. - The Reward shall grant the eligible customer a right to receive a fractional share in the monetary amount as specified in the specific Reward but the customer is not entitled to any specific amount of fractional shares. The amount of fractional shares received by the customer will depend on the market price at the time of filling the order. - Standard Lightyear fees apply to the Reward. This means that a currency conversion fee is deducted from the Reward while converting it to another currency, to make the fractional share order. For more details on pricing, please refer to Terms of Service and here: [https://lightyear.com/en-gb/pricing](/pricing). 6. For Rewards that can be withdrawn or transferred, they may be withdrawn or transferred by the customer to another provider (including in-specie transfers) only after 6 months (or longer as may be specified in the Lightyear App) have passed from receiving the Reward in the customer's account. If the Reward is a fractional stock is sold and/or the money is converted into another currency, the withdrawal restriction shall apply to a sum on the account equal to the Reward’s original value as specified in-App or via marketing materials. Lightyear reserves the right to remove the Reward value from the account or reject an outward transfer request if initiated within this 6-month period. 7. Where a Promotion requires a minimum deposit to qualify for the Reward (Qualifying Deposit), following receipt of the Reward the customer must remain funded with Lightyear for a minimum of 6 months from the date they received the Reward, maintaining a minimum net funding (total deposits minus withdrawals and outward transfers, whether held as cash or invested) of at least the Qualifying Deposit plus the value of the Reward. Other promotional rewards do not count towards this total, and changes in the market value of investments do not affect it. Failure to comply with the above requirements results in Lightyear reclaiming an amount equal to the value of the Reward as originally specified in-App or via marketing materials from the relevant customer’s account. 8. Lightyear reserves the right to amend, extend or withdraw any Promotion if necessary, including for legal or regulatory reasons or otherwise at any time without prior notice. If the Promotion closes early, all qualifying applications received up until this time will be accepted. We reserve the right to disqualify a customer at any time from participation in a Promotion if they do not comply with any of these Terms.  9. Promotions are limited to one Promotion per customer who satisfies the requirements outlined in these Terms. This promotional Reward cannot be used together with any other reward offered by Lightyear (such as referral rewards). 10. Lightyear does not provide any investment advice and customers should make their own investment decisions or seek independent advice from a professional adviser. Nothing in the Promotion represents a recommendation to buy, sell or hold any particular investment. 11. The purpose of this Promotion is to introduce Lightyear to new customers who wish to actively and genuinely use the solutions provided by Lightyear. If Lightyear has reasonable grounds to believe that a customer has engaged or may have engaged in behaviour aimed at taking advantage of this Promotion contrary to its purpose, including any of the behaviours listed in Clause 12, or if the customer fails to meet the minimum funding requirement set out in Clause 7, Lightyear may at its discretion: - disqualify the customer from current and future participation in the Promotion; - withhold any Reward not yet granted; - suspend the crediting of any Reward not yet granted, or restrict the withdrawal of any Reward already granted, for a reasonable period while Lightyear investigates a suspected breach of these Terms; - revoke and remove any Reward already granted from the customer's Lightyear account; and/or - where the Reward is no longer available on the customer's account, reclaim the corresponding amount, including by deducting an equivalent amount from any other funds the customer holds with Lightyear. Any amount to be reclaimed under these Terms constitutes an amount due and payable by the customer to Lightyear under the Terms of Service. Where Lightyear exercises this right, the customer agrees that the reversal or deduction is authorised by them. If a customer's participation in the Promotion has been deactivated due to behaviour falling within Clause 11 and 12, it will not be reactivated. 12. The following behaviours may lead Lightyear to take the actions described in Clause 11: - Funding an account to meet the minimum threshold required to qualify for the Reward and then withdrawing their funds, i.e. withdrawing funds within 6 months of receiving the Reward so that the minimum net funding required under Clause 7 is no longer maintained (this results in the reclaim of the Reward under Clause 7). - Funding an account or otherwise meeting the participation criteria without genuine intent to use Lightyear's services. - Creating, controlling, or coordinating multiple Lightyear accounts (including through family members, household members, or third parties acting in concert) for the purpose of qualifying for Rewards. - Circumventing or attempting to circumvent the eligibility criteria of the Promotion, including by using false, misleading, or duplicate information when opening or operating a Lightyear account. - Any other conduct that Lightyear reasonably considers to be a manipulation or abuse of the Promotion contrary to its purpose. # Tax 13. The entire value of the instruments you may buy when sold may be subject to capital gains tax. You can check the value of each instrument when issued and/or sold on your portfolio screen in the App. 14. Any tax depends on your personal circumstances and if you are unsure about any tax implications, seek professional advice from a tax professional. Lightyear does not take any responsibility for any tax implication related to this Reward. --- Canonical: https://lightyear.com/en-gb/signup-promotion-terms