Is Nutmeg good for ISA investing?

Home > Reviews > Is Nutmeg good for ISA investing?

Yes, I think that Nutmeg has transformed the way people invest in ISAs for good. Nutmeg were the first provider to make investing in a stocks and shares ISA easy online and remain one of the best way to put your money to work in a tax-free wrapper.

Nutmeg Stocks & Shares ISA Review
Nutmeg

Name: Nutmeg Stocks & Shares ISA

Description: Nutmeg offers off-the-shelf portfolios across its ISA range to suit five different investment styles. Investors can choose between four different portfolios, including fully managed, smart alpha, socially responsible and fixed allocation.
Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

Summary

  • Investments: Pre-made portfolios
  • Minimum deposit: £500
  • Management fee: 0.75%-0.45%
  • Dealing fee: £0

Fees:

Nutmeg charge 0.75% for their managed ISA portfolios which drops to 0.35% for balances over £100k. For their fixed allocation ISA 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 currently between 0.04% and 0.09%.

More information on products and charges can be found here.

Pros

  • Simple ISA investment platform for beginners
  • Regular ISA investing available (one off payments or Direct Debits)
  • Scaled account fees that reduce as your ISA grows

Cons

  • Cannot invest in individual shares
  • Pricing
    (4)
  • Market Access
    (4)
  • Online Platform
    (4)
  • Customer Service
    (4.5)
  • Research & Analysis
    (4)
Overall
4.1
Scroll to Top