I liked Plum for a bit, but eventually just moved to Vanguard since with Plum I was just paying into the same funds with an extra fee on top. The Plum fee sounds small at <0.5%, but when the annual growth is say 5-10%, that actually means you're losing as much as 1/10th of it. Obviously this compounds over years/decades.
But, having said that, it was quite nice that it did the saving for me and I didn't really have to budget or think about anything
Did you open the ISA account? You get fucked on tax if it's not in an ISA
I think Plum offered an S&S ISA along with a couple of other accounts. It doesn't matter too much to start with, you just don't want to end up with either the paperwork or cost of paying tax on it all
I liked Plum for a bit, but eventually just moved to Vanguard since with Plum I was just paying into the same funds with an extra fee on top. The Plum fee sounds small at <0.5%, but when the annual growth is say 5-10%, that actually means you're losing as much as 1/10th of it. Obviously this compounds over years/decades.
But, having said that, it was quite nice that it did the saving for me and I didn't really have to budget or think about anything
Did you open the ISA account? You get fucked on tax if it's not in an ISA