as of 12/03/2021 at 5:36 pm
There are three core investment choices in Moneybox: the Cautious fund; the Balanced fund and the Adventurous fund.
Costs range from 0.57-0.75% a year plus a £1 a month subscription fee. The percentage fee is made up of 0.45% for the platform administration and a fund charge ranging from 0.12-0.30% – the Cautious option will be cheaper than the Adventurous option as shares cost a bit more to manage.
Growing start-up with some big friends under the bonnet
"I've got a Stock and Shares ISA with Moneybox. I recently invested a £5000 lump sum with them, and I'm making regular weekly investments of £75. When I invested the £5000, the share price was quite high based on the performance of the fund. I'm just wondering whether I made a mistake investing the lump sum in one go, and whether I should have drip fed it into the account in the same way as my weekly deposits? If so, should I withdraw and start to drip feed it back in?"
Tim, West Midlands
05/04/2019Read our reply