Like other investment managers, Nutmeg charges a fee for managing investments. This is charged by us as a percentage of your portfolio value, and it includes VAT where applicable. We calculate the fee daily based on your portfolio value at the close of business, and then collect fees automatically from your Nutmeg account once a month. Learn more, including how to see what you’ve paid

When you invest with Nutmeg, as with any other investment manager, we use your money to buy investments on your behalf. These funds carry their own charges that impact your portfolio performance. But that’s why we primarily use exchange-traded funds (ETFs) — to keep your costs as low as possible. This figure also accounts for estimated transaction costs within the funds. Learn more about the investments we choose

The average investment fund cost for Nutmeg fully managed portfolios is based on a 3 year annualised investment fund cost, asset-weighted. The average investment fund cost for Nutmeg fixed allocation, socially responsible and smart alpha portfolios is based on current fund costs, asset weighted.

When you invest with Nutmeg, we buy and sell assets on your behalf. Like all trading activity, during this process we’re subject to market spread. This is defined as the difference between the price to buy, and the price to sell.

To give you an example, when exchanging currency for a holiday abroad, you’ll see a different price when buying the foreign currency than when selling it back again. The price you buy at is known as the 'offer' price and the price you sell at is the 'bid' price. The difference between them is known as the bid-offer, or market spread.

At Nutmeg, we use exchange-traded funds (ETFs) to build your portfolio, which, like currencies and most financial instruments, have a market spread. We work hard to choose ETFs with smaller spreads, and we combine customer orders when trading to minimise this cost.

Read more about how we reduce the inherent costs of investing 

The average effect of market spread cost is based on the 3 year annualised effect of market spread for fully managed portfolios, asset-weighted.

We'll show you what you're paying and how it affects returns. Learn more about how and when we charge fees

Fees will automatically be deducted from your Nutmeg account — there's no extra payment to be made.

Fees are calculated daily based on the values and fee rates for your fixed allocation, fully managed or socially responsible pots at close of business, and then collected automatically once per month.Learn more about how we calculate fees

For pensions, government rules apply so you'll only be able to withdraw after age 55; however, you can transfer to another provider at any time. Lifetime ISAs carry additional withdrawal restrictions, as do Junior ISAs. Our minimum suggested investment timeframe is three years.