6 months 0% portfolio management fees

Open and fund an ISA or General Investment account, with a minimum of £500, or fund a Junior ISA with a minimum of £100, between 3 January 2023 and 5 April 2023 and you'll pay no portfolio management fees for 6 months. New customers only.
Terms and conditions apply.

With investment, your capital is at risk. Tax treatment depends on your individual circumstances and may change in the future.

Stocks and shares ISA

John Lewis Investments provided by Nutmeg

John Lewis works with Nutmeg to offer you a simple and convenient way to invest your money. We have flexible options that will work for you and align with your goals.

Let's get started

Get Started

With investment, your capital is at risk.

A tax-efficient way to invest

Invest your money with a stocks and shares ISA and you won’t pay any tax on your returns. Any growth you make on your yearly allowance (£20,000) is completely tax-free. 

As the markets go up or down, so will the value of your investments. This means your money has the potential to grow further than in a normal cash ISA in the long-term, but it could decrease in the short-term too.  

Decide which investment style aligns to your goals and choose the level of risk you're comfortable with. And remember to make the most of your full allowance – you can’t roll it over to the next tax year.

Tax treatment depends on your individual circumstances and may change in the future. 

How it works

Stocks and shares ISAs are best suited to mid and long-term goals. But no matter how long yours lasts, we’ll be with you every step of the way. If you need any support or guidance, our team will be happy to help.   

Expertly designed

Our investment team has built a range of portfolios, which are tailored to your chosen risk level and investment style.

Simple

Log in from any device to open your account, with £500 or more, to change risk level or investment style. Our fees are clear and we don't charge exit fees.

Transparent

With 24/7 access to your account, you can clearly see where your ISA is invested and how it’s performing. 

Try our ISA calculator

Find out how much your ISA account could be worth in 20 years. Select a risk level, then enter the value of your current stocks and shares ISA, or the amount you’ll contribute.

What you’ll need to reach your goal

Capital at risk. Projections are never a perfect predictor of future performance, and are intended as an aid to decision making, not as a guarantee. The projection includes the effect of fees, investment fund costs, and market spread – personalised according to your planned contributions – but does not take into account the effects of inflation or tax. It assumes income is reinvested.

With investment, your capital is at risk.

Already used your ISA allowance this tax year?

You can still invest your money with us if you've used up your £20,000 ISA allowance for this year. Open a general investment account for a flexible way to invest more of your money in the markets. 

Find out more

With investment, your capital is at risk. Tax treatments apply.

Our fees are clear and fair

As with any investments, there are costs involved. But we do our best to keep our fees as clear as possible. And rather than burying them in the small print, we make them clear from the get-go. We are currently running a 6 month 0% portfolio management fee promotion. This applies to the Nutmeg fees listed below.

Expert investing tailored to you

Whether your goals are big or small, you can look forward to the same care and attention from our team of experts. We make investing easy and provide a choice of investment styles that work for you.

Socially Responsible

Aligned to your values

Our socially responsible portfolios focus on companies and bond issuers that have higher environmental, social and governance (ESG) standards. We invest in exchange traded funds (ETFs) that avoid companies engaged in controversial activities and focus on those that spearhead ESG. A detailed examination of Nutmeg's approach to socially responsible investing can be found here. Inside, you'll find everything from exclusions applied to our portfolios to how the ESG scoring works.

Annual costs and charges

0.75% up to £100k, 0.35% beyond

+Average investment fund cost: 0.33%

+Average market spread: 0.08%

Fully Managed

Investment thinking done for you

Fully Managed is a range of globally diversified portfolios of exchange traded funds (ETFs) designed to align with your risk preference and goals. Your money is actively managed by Nutmeg’s expert investment team to reflect the current economic environment using cutting-edge technology. To keep you on track, we’ll make strategic adjustments to the mix of investments based on news, data and analysis, and rebalance them when necessary. This will help you remain aligned to your long-term objectives.

Annual costs and charges

0.75% up to £100k, 0.35% beyond

+Average investment fund cost: 0.21%

+Average market spread: 0.08%

Choose our general
investment account

Enjoy a simple way to invest more money once you've reached your annual ISA allowance.

1. We’ll do the hard work, choosing and building your portfolio in a way that works for you.

2. Unlike an ISA or pension, there are no tax benefits, but you can contribute as much as you want, starting with £500 or more.

3. Like our ISAs, our experts will create a globally diversified portfolio in a way that works for you.

4. There are no exit fees and you’re free to make adjustments to your risk level at any time.


Tax treatment depends on your individual circumstances and may change in the future.

Let's get started

Get Started

With investment, your capital is at risk.

Tax treatment depends on your individual circumstances and may be subject to change in the future.

Frequently asked questions

If you're a UK tax resident and over 16, for cash ISAs, and 18 for stocks and shares, you may be able to open an ISA. There are different eligibility requirements for certain types of ISA. Parents or legal guardians can open a Junior ISA for children.

Having a stocks and shares ISA means you’re investing your money, not just saving it in cash. Whether or not you should have one will depend on what your goals are, how long you’re able to invest your money, and your attitude to risk. 

Yes, you can transfer your ISAs whenever you wish. You may want to transfer an ISA in order to reduce the fees you pay or to increase your chances of higher returns. If you transfer an ISA, always use the new provider’s transfer service – never withdraw the money yourself as it may impact on your annual allowance. 

You can withdraw money from most types of ISA whenever you want. However, certain ISA types, like the Lifetime ISA, have strict HMRC withdrawal rules and penalties. Some providers may even charge you to take money out of your ISA. If you have a Nutmeg stocks and shares ISA, you won’t be charged a fee for any withdrawals.

ISAs retain their tax benefits after you die, until they’re closed. An added benefit is that your spouse or civil partner can inherit the value of your ISA as a one-off additional tax-free allowance, regardless of who you leave your ISAs to in your will. 

You can have as many stocks and shares ISAs, cash ISAs, and Innovative Finance ISAs as you want, but you can only open or contribute to one of each of these types in any one tax year. John Lewis Investments only offers stocks and shares ISAs and JISAs.  

 

Each child can have one cash JISA and one stocks and shares JISA. On turning 16 you can take control of your JISAs but cannot withdraw the money until you're 18. You can choose to consolidate your cash and stocks and shares JISAs into one or change provider. Ages 16 to 18 can hold both Junior ISA types and an adult cash ISA. However, if you’re between 16 and 18 years old, you could have a Junior ISA and a cash ISA. You can decide how to use your annual ISA allowance across the different ISA types you’re eligible for.  

 

You’re able to split the amount any way you like between the different ISA types across the tax year, make sure never to contribute more than £20,000 during the tax year. If you invest more than this year’s ISA allowance in your John Lewis Investments account before the end of the current tax year, any investments beyond the ISA allowance will be treated as a general investment account and you may have to pay tax on any returns. It’s important to remember that the Junior ISA allowance is separate to the £20,000 ISA allowance. So, if you’re between 16 and 18 years old, you could pay £9,000 into a JISA and still have a £20,000 allowance to contribute to a cash ISA. You can also contribute to someone else’s JISA without affecting your annual allowance. 

A general investment account is a simple way to invest more money once you've used up all of your ISA limit for the tax year. Unlike an ISA or pension, there are no tax benefits or contribution limit when investing in a general investment account. But like our ISAs, our experts will create a globally diversified portfolio in a way that works for you.  

 

The general investment account is flexible and easy to use. Our investment experts will put your money to work for you, so you don’t have to spend valuable time managing it yourself.  

 

To open a general investment account, you have to be over 18, a UK or EEA resident and have a UK bank account.