NUTS
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Free investing! Or as close to it as possible. InvestEngine charges no fees at all if you want to manage your investments yourself. It’s more than just low cost though, the app is easy to use and there’s a huge range of investment options, plus the customer service is great.
To claim the InvestEngine deal, simply click the button above, and during the registration process use the code NUTS. After that, your money will simply appear in your account when you deposit £100 or more. Enjoy!
For individual investors you’ll get up to £100, and for businesses you’ll get up to £200.
Registering as a business? Use this business account link¹.
By the way, you get this bonus in addition to any other deal InvestEngine is running, for instance cashback on ISA or SIPP transfers. Whoop!
There’s no fees! There’s no account fees and no dealing fees (fees to buy or sell an investment). There will be fees within the fund (ETF) itself, and these depend on the fund.
Aside from having no fees, it’s a pretty great way of building and managing your own portfolio. You can only buy ETFs, rather than individual stocks and shares (companies).
An ETF is an exchange-traded fund, which is a group of lots of different investments, such as stocks and shares, all packaged together into a single investment, making it much easier and cheaper to buy and sell. They are then traded on stock exchanges (like the London Stock Exchange), so you can buy and sell them as and when you like.
They’re super popular, and one of the best ways to invest and build a portfolio suited towards your goals. Each ETF has a different theme or mix of investments (such as long term growth, or to earn income).
With InvestEngine, there's a large range of ETFs (over 700), and increasing all the time.
This is the standard investing account, called a General Investment Account (GIA). This is where you might have to pay tax on the profit your money makes (Capital Gains Tax, Income Tax and Dividend Tax).
You can also open a Stocks and Shares ISA with InvestEngine. These accounts allow you to save up to £20,000 per tax year (your ISA allowance), and everything you make is completely tax free, forever!
There’s also a personal pension, technically called a self-invested personal pension, or SIPP.
This is where you can invest for retirement, and benefit from all the amazing tax benefits pensions have, such as your money growing tax-free, and getting a massive 25% bonus from the Government on everything you contribute.
If you’re a higher rate taxpayer (40%) or additional rate taxpayer (45%), you can claim some tax back at those rates too (through HMRC).
You might pay tax when you start withdrawing your money, it all depends on your income at the time, but 25% will always be tax-free.
And, you won’t be able to withdraw any cash until you’re 55 years old (57 from 2028).
There's some great news with the InvestEngine pension too – there's actually no account fees (even for the pension). This is very rare for investment platforms (as there's lots going on behind the scenes with pensions).
If you have a limited company, you can open an account with InvestEngine (which isn’t that common). This means you can invest your company’s spare cash to (hopefully) make your business even more money over time.
There’s still no fees to manage it yourself, and the low-fee managed option too.
You can also get your money back quickly if you need it, and with no exit fees.
If you are interested, here's where you can open a business account¹, you'll get a welcome bonus of up to £200. T&Cs apply.
We like InvestEngine. A lot. When you’re investing, fees can really add up and take a chunk out of your wealth. But with InvestEngine, it’s so low cost you won’t even notice them!
It is quite literally the cheapest way to invest out there.
The range of investment options (ETFs) is huge, over 700 to choose from. The mobile app and website are great, and clear and transparent.
The customer service is fantastic, with real people to speak to and great opening hours.
It’s got everything going for it, the only downside is there’s not more ISA options, such as a Junior ISA and Lifetime ISA.
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