Perks and investment risk

The shares carry the risk

Share prices can fall, and you can lose the money you invest. A discount or voucher does not protect the value of your holding. A company can change or withdraw its perk. The FCA explains investment risk and returns. 

Bonds and debentures are loans

A bond or debenture records a loan to its issuer. A consumer reward may form part of the return. Some of these loans are unsecured and pay no cash interest. If the issuer cannot repay, you may lose the money lent. Check how much of the price forms the loan: an issue premium and its VAT may be non-repayable. The benefit rights can end long before the loan falls due.

An unlisted bond can be hard to sell, and its terms may restrict or forbid transfers. A secondary purchase buys an existing loan claim; its price can differ from the original issue price and repayable amount. The FCA explains mini-bond risks. 

Costs can outweigh the benefit

Dealing fees, account charges, currency conversion and the spread—the difference between buying and selling prices—can exceed the value of a perk. Taxes may also apply; their treatment depends on the investment and your circumstances. We do not calculate your personal tax position.

Some shares are difficult to sell

Smaller companies and lightly traded markets can have wider spreads and fewer buyers. An advertised share price does not guarantee that you can buy or sell at that price or in the quantity you want.

Check the claim terms

Eligibility can depend on the exact security, holding structure, broker, account and qualifying date. Each page links to its issuer source and gives a checked date. A documented offer is distinct from a claim we have tested.