Both are FCA-regulated and FSCS-protected. The real difference is fees, account types and how each platform feels to use. Verified against each provider’s published charges.
Fees verified July 2026. Capital at risk. Information, not financial advice.
Beginners building a habit, and first-time buyers using the Lifetime ISA.
People who want their investments chosen and managed for them, including in a Lifetime ISA or Junior ISA, and who prefer one percentage fee to dealing charges.
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Account availability verified July 2026. Capital at risk. Information, not financial advice.
Users love the round-ups, the goal-based design and how painless it makes starting. 93% of customers surveyed in 2026 would recommend it.
The £1 monthly subscription on top of the platform fee is often flagged as expensive for balances under £5,000.
Read Moneybox reviews on TrustpilotWe have not verified current review themes, so read recent reviews on independent sites to see what customers say since the Nutmeg brand became J.P. Morgan Personal Investing in November 2025.
For problems customers report, check the most recent reviews, as older ones may refer to the service under the Nutmeg name.
Read J.P. Morgan Personal Investing reviews on Trustpilot| Fee | Moneybox | J.P. Morgan Personal Investing |
|---|---|---|
| Platform fee | £1/month subscription (waived at £5,000+) plus 0.15% to 0.45% platform fee | Managed styles: 0.75% a year on the first £100k, 0.35% above. Fixed Allocation: 0.45%, then 0.25%. Inc. VAT; fund costs extra |
| Share dealing | US stocks available, 0.45% FX fee | No dealing charges (managed service) |
| Fund dealing | Free (fund fees apply) | No trading charges; underlying ETF costs and market spread apply |
| FX fee | 0.45% on US stocks | Not applicable: managed portfolios |
| Stocks & Shares ISA | Subscription plus 0.15% on Moneybox funds or 0.45% on other funds | Stocks & Shares ISA (not flexible), Lifetime ISA, Junior ISA. No cash ISA |
| SIPP | 0.45% on the first £100k then 0.15% (other funds); 0.15% capped at £150 a year (Moneybox funds); no subscription | Yes: personal pension (SIPP), from £500 |
| Withdrawals | Free | No exit charge; in-specie transfers out £20 per line of stock |
| Minimum to start | £1 | £500 (ISA, pension, GIA); £100 (Lifetime ISA, Junior ISA); £10,000 (Income) |
Moneybox is designed for getting started. Round-ups, weekly deposits and simple starter portfolios remove the friction that stops most people investing, and its Lifetime ISA is one of the most popular routes to a first home deposit.
The convenience has a cost on small balances: £1 a month plus up to 0.45% is one of the higher fee stacks here below £5,000 in non-Moneybox funds. The subscription drops away at £5,000, and Moneybox's own funds carry 0.15% rather than 0.45%, so the total depends on your pot size and fund choice.
J.P. Morgan Personal Investing is what Nutmeg became. J.P. Morgan bought Nutmeg in 2021 and retired the Nutmeg brand on 3 November 2025. The service works the same way: you choose an investment style, and the portfolio is built and managed for you. It offers a Stocks & Shares ISA, Lifetime ISA, Junior ISA, personal pension (SIPP) and general investment account.
You pay one service fee instead of dealing charges: 0.75% a year on the first £100,000 in the managed styles and 0.35% above that, or 0.45% then 0.25% for Fixed Allocation. On £20,000 that is £150 a year before fund costs. The trade-off is cost against effort: you pay more than a self-directed platform's fee, and in return the portfolio is chosen and rebalanced for you.
It depends on what you hold and how often you trade. Moneybox's platform fee is £1/month subscription (waived at £5,000+) plus 0.15% to 0.45% platform fee, against managed styles: 0.75% a year on the first £100k, 0.35% above. Fixed Allocation: 0.45%, then 0.25%. Inc. VAT; fund costs extra at J.P. Morgan Personal Investing. On dealing, Moneybox charges US stocks available, 0.45% FX fee for shares and free (fund fees apply) for funds, while J.P. Morgan Personal Investing charges no dealing charges (managed service) for shares and no trading charges; underlying ETF costs and market spread apply for funds. Fees verified July 2026.
Moneybox is best for beginners building a habit, and first-time buyers using the Lifetime ISA. J.P. Morgan Personal Investing is best for people who want their investments chosen and managed for them, including in a Lifetime ISA or Junior ISA, and who prefer one percentage fee to dealing charges. Both are FCA regulated and covered by the FSCS.
On Moneybox's ISA: Subscription plus 0.15% on Moneybox funds or 0.45% on other funds. On J.P. Morgan Personal Investing's ISA: Stocks & Shares ISA (not flexible), Lifetime ISA, Junior ISA. No cash ISA. Neither offers a flexible ISA, so anything you withdraw still counts against your annual allowance. Minimums are £1 at Moneybox and £500 (ISA, pension, GIA); £100 (Lifetime ISA, Junior ISA); £10,000 (Income) at J.P. Morgan Personal Investing.
Moneybox does not offer a SIPP. J.P. Morgan Personal Investing offers a SIPP (yes: personal pension (SIPP), from £500).
Moneybox scores 4.4 out of 5 on Trustpilot (Excellent) from around 4,800 reviews. J.P. Morgan Personal Investing scores 4.1 out of 5 (Great) from 2,718 reviews, checked 9 October 2026. The £1 monthly subscription on top of the platform fee is often flagged as expensive for balances under £5,000. For problems customers report, check the most recent reviews, as older ones may refer to the service under the Nutmeg name.
Yes. UK platforms accept ISA and SIPP transfers in, and you start the transfer with the receiving provider rather than the one you are leaving. Moneybox charges free on withdrawals and J.P. Morgan Personal Investing charges no exit charge; in-specie transfers out £20 per line of stock. Transfer as cash and you are out of the market while it settles; transfer in specie and you keep your holdings but it takes longer.
Moneybox or J.P. Morgan Personal Investing, the account is the easy part. What decides when you can retire is how much goes in and for how long. Delphina works that out from what you already hold and what you pay in each month.
Free to check. No card required. Takes about two minutes.