Nutmeg Stocks and Shares ISA Review


The power of ISA investing is something that has helped many people to make the most of their savings in recent years. The Nutmeg Stocks and Shares ISA offers a way of combining the tax advantage of an ISA with the possible benefits of stock market investing.

So, how exactly does the Nutmeg ISA work and is it right for you? This is what we’ll be discussing in this Nutmeg Stocks and Shares ISA review.

How Nutmeg Works

Nutmeg are a UK-based robo advisor. Robo advisors have grown in popularity in recent years as they offer a hands off route into stock market investment management at fees which are much lower than those charged by typical fund managers. As well as a general investment account, Nutmeg also offer a Stocks and Shares ISA and a Pension product, meaning you don’t only enjoy low management fees but you also get to take advantage of tax benefits too. You can either choose to pay in a lump sum or else make regular monthly contributions.

The process of building up an investment portfolio with Nutmeg involves you giving them the information that they need to find the right way to meet your needs. They will then build a balanced and diversified portfolio based upon your preferences and covering different industries and regions.

Once everything it set up, the experts at Nutmeg keep the investment on track by following it and making any tweaks that are necessary.

Getting Started

If you decide to go for a Nutmeg Stocks and Shares ISA then getting started is easy. It is possible to open a Nutmeg account with just a £500 lump sum and monthly contributions of £100, although for amounts of £5,000 and above there is no need to make those regular contributions if you prefer not to.

The process of deciding what to invest in doesn’t need to take you much time at all. Once you have noted your preferences the experts in the Nutmeg team will work out how best to allocate your savings.

Other Nutmeg Benefits

Of course, one of the most persuasive reasons for getting an ISA in the first place is to make sure that as much of your money as possible goes into the investment. By choosing an ISA with low fees and costs, you will be taking another step towards making your money work harder for you.

The fact that there are no hidden costs in the Nutmeg Stocks and Shares ISA means that it is a great type of account for someone who wants to make sure that the maximum amount of cash goes towards the investment.

Of course, the fact that the ISA is managed by the Nutmeg team means that there is no need to spend too much time on it if you don’t want to. If you want to leave the work for someone else then you can very easily just set it up and then let the experts take control.

Whenever you want to see how the account is growing and how well the portfolio is doing you can do this quickly and easily online. If you really like to delve in the performance and statistics of your investments then you will be able to find out everything you want to know to understand it all perfectly.

Points to Bear in Mind

A common question that investors ask if whether they can transfer an existing ISA to a new account. The good news is that you can transfer an existing ISA to your new Nutmeg Stocks and Shares ISA if you want to.

In fact, you can even transfer in a Cash ISA and change it into a Stocks and Shares ISA in the process. Consolidating different ISAs with one company is often a good way of saving money and making it easier to manage them.

A transfer can be done simply when you set up your new Nutmeg account and give them the details of your existing ISA. They will then sort out the whole transfer process on your behalf.

It is also worth remembering that they don’t go chasing miracle growth at Nutmeg. Instead, they focus on the sensible, long term approach that has seen them produce excellent results in the last few years.

As well as going for the diversified approach that we looked at earlier, they also tend to stick to exchange traded funds (ETFs). This is because ETFs are regarded as a flexible and easy to manage way of investing in the stock market.

Nutmeg alternatives

If after reading the above you feel that Nutmeg aren’t quite right for you then you might be interested to know that there are other UK alternatives to Nutmeg. You can find some of their UK competitors here.


If you have been thinking about moving in to an ISA type of investment then this could be the perfect account for you. As well as the typical ISA savings, you also get the chance to earn well on the stock market too.

This means that it is the sort of account that can work harder for you without you doing very much at all. By leaving it in the hands of the investment experts in the Nutmeg team you allow them to make the decisions that will hopefully see your money grow.

Of course, if you would rather make your own decisions about what to invest in, then you might want to look at the DIY Stocks and Shares ISA from Hargreaves Lansdown.

There is no mystery about your investment when you set up a Nutmeg Stocks and Shares ISA. Instead, you will find an easy, open process that is designed to make investment in an ISA as simple and profitable as possible.

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