If you go to the Settings link in the left panel on the main portfolio dashboard page (this is the page that loads just after you log in). Within this box you'll notice a link called ‘Settings':
When you set up your Nutmeg ISA or Lifetime ISA, we said that we would automatically open an ISA for you in each tax year. You can adjust this setting for the next tax year by clicking the toggle below.
If you hold a stocks and shares ISA, your ISA Settings tab will look as follows:
If you hold a Lifetime ISA, your ISA Settings tab will look as follows:
Under HRMC rules, if you do not contribute to your ISA within a tax year, your ISA will lapse. This means an ISA will not be automatically opened for you in the following tax year, even if you have your ISA settings configured to open one (Auto-renew). You will need to open a new ISA wrapper which you will need to do via the desktop version of our website. The link to "Open an ISA" can be found on the left-hand side when you first log in.
Please bear in mind any contributions made to your pot before an ISA is open will go into a General Investment part of your account, which is subject to taxation.
If you want us to move any taxable investments from your General Investment Account to your ISA automatically you will need to enable Auto-fill and ensure that your ISA allowance is correct. If there is room left in your ISA, we'll arrange for the qualifying amount to be moved during our next investment cycle.
By doing so, come the start of the new tax year, you will enable us to maximise your ISA allowance by automatically moving the money in you GIA account into your newly renewed ISA.