Generally, we would recommend using an ISA if you are able to. You can open multiple ISAs each year, as long as they are different types of ISA. e.g. you can open a Cash ISA and a Stocks & Shares ISA within the same tax year, but you cannot open two Stocks & Shares ISAs within the same year. In addition, the combined limit for all ISAs you own is £20,000 each year. This means you can only deposit £20,000 across all of your ISAs combined in any one year. However, you can easily transfer an existing Stocks and Shares ISA from a different provider to NuWealth. To transfer your ISA to NuWealth, please contact our customer support team at support@nuwealthapp.com to assist you with the process. 

A GIA is a great choice if you have already opened or funded an ISA, or if you’ve reached your £20,000 ISA limit. Please note, tax treatment depends on the individual circumstances of each client and may be subject to change in future.

To transfer your current ISA to a NuWealth Stocks & Shares ISA, please email support@nuwealthapp.com and request an ISA transfer form. Transferring to a NuWealth ISA is free. However, please check if your current provider charges fees. 

You can transfer your savings to a different type of ISA or to the same type of ISA at any time. To switch providers, contact the ISA provider you want to move to and fill out an ISA transfer form to move your account. 

If you want to transfer money you’ve invested in an ISA during the current year, you must transfer all of it. For money you invested in previous years, you can choose to transfer all or part of your savings. You must use the online transfer process to transfer an ISA because you may lose tax benefits if you try to transfer the money yourself.

You can make as many trades as you like, but the trades will only complete when the stock market is open. 

The majority of shares available for our Standard accounts are traded on the UK market, however, a selection of US stocks are available too. We trade once a day (enabling us to keep account fees low) shortly after 15:00 each business day. Trades on this account complete shortly after 15:00 (if placed before the market opens, any trades placed after this will complete on the next working day).

Please note, trades placed on ‘The Adventurer’, ‘Fly the Flag,’ ‘Bond, Global Bond’, ‘Slow and Steady’ or ‘The Balanced’ need to be placed before 11am on a working day in order to be processed the same day. If trades are placed after 11am, the trade will typically be processed on the next working day. However, please be aware that all trades placed on ‘The Adventurer’, ‘Fly the Flag,’ ‘Bond, Global Bond’, ‘Slow and Steady’ or ‘The Balanced’ can take up to four working days to complete.

There is a £1 per month fixed subscription fee covering all transaction and investing costs, and grants you access to the Learning Hub, Round Ups and Auto Invest.

There is also a platform fee of 0.10% of your portfolio value, e.g. £10 per £10,000 per year which is charged monthly. At any time, you can view the fees you will pay per month for your Standard accounts by opening the NuWealth app > 'Account' > 'Fees & Charges'. These low fees make NuWealth one of the cheapest providers out there!

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On some occasions, a 0.75% FX fee will be applied to trades on foreign shares only. 

Plus, where applicable, an ETF provider fee (0.07% and 0.75% variable based on the fund) will be charged annually, and billed monthly, depending on which themed fund you select. This isn’t deducted from your account but rather is reflected in the value of your fund.

View our pricing.

ISA stands for Individual Savings Account. A Stocks & Shares ISA allows you to invest up to £20,000 per year tax-free. 

There are many types of ISAs, such as Cash ISAs, Stocks & Shares ISAs, and Innovative Finance ISAs. Previously, you could only open and fund one account per ISA type each tax-year, but as of 6th April 2024, there is no longer a restriction around how many ISAs of each type you can utilise in a year (as long as you meet the eligibility criteria for each type, and with the exception of Lifetime ISA). For example, you could open and fund two of the same type of ISA, like two Stocks & Shares ISAs, as long as the total amount does not exceed the £20,000 limit.

NuWealth offers a Stocks & Shares ISA. Please note, tax treatment depends on the individual circumstances of each client and may be subject to change in future. We also offer a Junior Stocks & Shares ISA.

Themed Funds (or Exchange-Traded Funds)
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With NuWealth, you can invest in themed funds (ETFs) in a range of sectors, such as gold, technology and ethical investing from just £10. We work with a number of ETF providers such as BlackRock, Vanguard, Amundi and Rize. Explore our ETFs to see the full range of options. Please note, ETFs are only available with a NuWealth Standard account.

Fractional Shares
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‍You can also choose to purchase shares in global companies with fractional shares. Sometimes the value of a whole share can be high, which is why we provide fractional shares; fractional shares allow you to purchase part of a whole share for as little as £10. No matter your budget, you can own a piece of brands like Tesla, Apple or Amazon. Fractional shares are only available in General Investment Accounts, though whole shares are also available in ISAs and Junior ISAs.