In need of a little more help?
How much do I have to invest with Moneyfarm?
Can I add or remove cash from my initial investment?
Can I customise the suggested portfolio?
What stops me from copying your portfolios and doing it myself?
Do you give investment advice?
What is a model portfolio?
How is the performance of my portfolio calculated?
Can I use Moneyfarm if I am not a UK resident?
I am a US Citizen, can I invest with Moneyfarm?
What is an ISA?
How much is the ISA allowance?
This tax year you are allowed to put up to £20,000 into your ISA.
Tax year 2018/19 – £20,000
Tax year 2017/18 – £20,000
Tax year 2016/17 – £15,240
Tax year 2015/16 – £15,000
You can pay your whole allowance of £20,000 into a Stocks and shares ISA, a Cash ISA, or a combination of these. So even if you have a Cash ISA elsewhere, you can still open a Stocks and Shares ISA with Moneyfarm.
You can choose between making a lump sum investment and/or making regular or ad hoc contributions throughout the tax year.
Your yearly ISA allowance expires at the end of the tax year and any unused allowance will be lost. It can’t be rolled over to the following year.
With MoneyFarm you can invest more than the ISA allowance but any investments outside the ISA allowance will not be sheltered from tax.
Can I withdraw from my ISA?
What are the requisites to open an ISA?
What are the tax benefits of an ISA?
Do you offer a Cash ISA?
Do you offer a help-to-buy ISA?
Do you offer a Junior ISA?
Can I transfer existing ISAs with other providers to the MoneyFarm ISA?
If I transfer an ISA will it count towards my ISA allowance?
How much of my ISA can I transfer?
How long does it take to transfer an ISA?
When can I transfer my ISA?
How do I transfer my ISA investments to another manager?
- We cannot transfer your holdings as funds, only cash.
- In accordance with this, all assets will be liquidated within 7 days upon your request to transfer.
- There is no dealing commission charged when we sell your funds.
- There will be no charge for closing your account with us.
Where can I find the ISA transfer form?
What is a pension?
How do pensions work?
How much should I contribute to my pension?
What is the annual pension allowance?
Can my employer make contributions to my Moneyfarm pension?
I’m self-employed, can I use the Moneyfarm Pension?
Can I transfer a pension?
What is the lifetime pension allowance?
How much tax will I pay on my pension?
What annuity could I get with my pension when I retire?
What happens to a pension when you die?
How do you understand my attitude to risk?
Why do you need to assess my risk profile?
What is an ETF?
Why do you use ETFs?
How do you select ETFs?
Are ETFs secure?
Do ETFs come with any fees?
What is the taxation on ETFs?
How do you calculate fees?
- The first £20,000 will be charged at 0.7%
- Any amount from £20,000 up to £100,000 will be charged at 0.6%.
- Any amount from £100,000 up to £500,000 will be charged at 0.5%.
- Any amount over £500,000 will be charged at 0.4%.
- 0.7% for first £20,000
- 0.6% on £80,000
- 0.5% on £110,000
What is included/excluded from the annual fee?
All the costs related to an investment, disinvestment, rebalance or any kind of operation on your portfolio are included, as well as the entry and exit fees. Fund costs are not included in the annual fee and will not appear as a charge, instead these are factored into the performance of your investment.
Moneyfarm uses ETFs, these have a small cost payable to the ETF provider, also known as the Total Expense Ratio.This is very low compared to other instruments available on the market. On average by investing with Moneyfarm you will incur a fund cost of 0.3% deducted directly from the value of your investment.
How do I pay the fees?
Do ETFs come with any charges?
For example: If you invest £20,000 with Moneyfarm: You’ll be charged 0.7% in management fees. This results in a total annual fee of £140 (0.7% x 10,000), paid to Moneyfarm directly. You will also be charged 0.3% on your entire portfolio, this is separate to the 0.7% and will be deducted on an ongoing basis and will show in your performance. Please note: There will always be an ongoing charge with ETFs regardless of who you invest with.
7. Funding your Account
How do I add funds to my account?
Can I transfer funds from another bank account?
How do I change the bank details linked to my account?
Can I use Direct Debit to make a one time payment?
Can I set up more than one Direct Debit?
When will you take the Direct Debit?
When will the funds appear in my Moneyfarm account?
What is the Direct Debit Guarantee?
Is there a limit to how much I can deposit in my Moneyfarm account using Direct Debit?
How do I cancel a monthly Direct Debit?
What do I need to do when my bank account is ‘pending’?
8. Withdrawing from your Account
How do I withdraw from available cash?
How long does it take to get my money back?
How do I disinvest?
How do I get my money into my personal bank account?
9. Terms of Service
Am I locked in?
No, you can withdraw from your ISA and GIA whenever you like without paying any additional fees. There’s no minimum investment period with these accounts, but keep in mind that when investing you should have a long term approach.
When you invest in the Moneyfarm Pension, you won’t be able to withdraw your money until you reach 55, like any other pension product. However you will be able to transfer your pension to and away from Moneyfarm free of charge. Check with your current provider before you transfer as they may charge you for transferring.