If you leave the UK and move to another country you can generally keep your Nutmeg account open, but some restrictions may apply.
Please let us know by Nutmail as soon as you stop being resident in the UK.
If you have already moved abroad be sure to update your address.
If you plan to keep your account, please check you are happy with our considerations for holding a Nutmeg account while abroad.
If you are moving to the US, unfortunately you won't be able to keep your account open. Please get in touch.
General investment accounts
You can keep your Nutmeg account open and continue to pay into or start investing with us outside an ISA, Lifetime ISA or pension.
If you have an ISA with us you can leave your ISA invested and still make changes to your pots such as changing risk level or timeframe. We will continue to manage your investments as normal.
You can’t, however, pay into the ISA after the tax year that you move, unless you’re a Crown employee working overseas or their spouse or civil partner. So, for example, if you opened an ISA with us in May 2017 and moved abroad in January 2018, you wouldn’t be able to pay into the ISA after the tax year ends on 5th April 2018. See more about ISAs and moving abroad on the gov.uk website
You’ll be able to pay into your ISA again if you return and become a UK resident.
To avoid paying into your ISA in the next tax year, you’ll need to turn off auto-renew in your ISA settings.
You can still withdraw from your ISA as long as you have a UK bank account using our standard withdrawal process. Bear in mind that all withdrawals will be made in GBP.
Lifetime ISA accounts
As the Lifetime ISA is a relatively new product, if you are looking to move abroad, please contact us.
The rules around moving abroad and managing your pension can be complicated, so please get in touch.
Considerations for holding a Nutmeg account while living abroad
- All communication will be in English. We don't translate or accept instructions in any other language.
- All payments to and from Nutmeg will be in GBP. Payments received in currencies other than GBP will be converted to GBP and may incur bank charges. These bank charges will be deducted from your Nutmeg account.
- The bank account used to pay into and receive money from Nutmeg must be with a bank in the UK. It must be the bank account provided during the application process or as updated using our standard process for changing bank details.
- You are responsible for assessing the potential tax implications of choosing to invest with Nutmeg in the UK. We will not be held responsible for any tax consequences of your investment decision.
If you unsure or have questions, please do contact us.