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Nutmeg Lifetime ISA Review

Name: Nutmeg

Description: Owned by JP Morgan, Nutmeg won the “Best Lifetime ISA” category in our 2022 award, offering one of the simplest low cost LISAs with a range of low, medium and high-risk options.
Capital at risk. Tax treatment depends on your individual circumstances and may change in the future

Key Features

  • Investments: Pre-made portfolios
  • Minimum deposit: £100
  • LISA management fees: 0.45% – 0.75%
  • LISA share charges: n/a

Fees: A Lifetime ISA with Nutmeg costs 0.75% for their managed portfolios which drops to 0.35% for balances over £100k. For their fixed allocation portfolios they charge 0.45% dropping to 0.25% for balances over £100k. For all portfolios, there is an addition charged by the investment fund managers of around 0.2% and the market spread on buying and selling portfolios is on average 0.07%.


  • Simple Lifetime ISA investment platform for beginners
  • Regular investing available (repeat orders)
  • Scaled account fees that reduce as your LISA grows


  • Cannot invest in individual shares
  • Pricing
  • Market Access
  • Online Platform
  • Customer Service
  • Research & Analysis