Plum is a UK savings and investing app that moves small amounts of money for you automatically. It connects to your bank account, looks at your spending and sets money aside every few days. You can then keep it in savings or invest it.
This review covers Plum’s plans and fees as they stand in October 2026, after the fee changes that took effect on 27 February 2026.
When investing, your capital is at risk and you may get back less than you invest.
Plum at a glance
| Products | Easy Access savings, Cash ISA, Lifetime ISA (cash), Stocks and Shares ISA, General Investment Account, SIPP, Plum Interest (money market fund) |
| Plans | Basic £0, Plus £3.99 a month, Boost £7.99 a month, Max £14.99 a month |
| Minimum to invest | £1 |
| Investments | 3,000+ stocks and 25+ funds |
| Regulation | Saveable Ltd, FCA FRN 739214 |
Pros of Plum
- Invest from £1
- Automatic saving rules, such as round-ups and payday transfers
- Stocks and Shares ISA, Cash ISA, Lifetime ISA and SIPP in one app
- No dealing fee on funds
- Free Basic plan includes investing
Cons of Plum
- 0.60% management fee on the Basic plan is high next to some rivals
- Paid plans only pay off on larger balances
- Money waiting in your main Plum pocket is e-money and not covered by the FSCS
- Fund charges come on top of Plum’s own fee
What is Plum?
Plum was founded in 2016 and has offices in London and Athens. It started as a saving chatbot and now offers savings, ISAs, a pension and individual shares.
With Plum, you set rules for how much to put aside and where it should go. For example, you could move £100 on payday and split it 50/50 between an Easy Access account and a Stocks and Shares ISA.
How does the Plum app work?
Plum connects to your current account through Open Banking. It reads your transactions and works out an amount it thinks you can spare every few days. You can increase, reduce, pause or stop this at any time.
Other rules include:
- Round-ups: rounds your card spending up to the nearest pound and saves the difference.
- Payday: moves a set amount or percentage when your salary lands.
- 52-week challenge: saves a rising amount each week.
You can withdraw from savings and investments when you need to. The SIPP is different. Pension money is locked until age 55, rising to 57 from April 2028. The Lifetime ISA has a 25% government withdrawal charge unless you use it for a first home or are 60 or over.
Plum investment fees and pricing
Plum’s fees depend on your plan. These are the fees on its UK fees page from 27 February 2026:
| Plan | Monthly price | Yearly cost | S&S ISA and GIA fee | Share trading FX fee | Share trade fee (after 2 free trades a month) |
|---|---|---|---|---|---|
| Basic | £0 | £0 | 0.60% | 0.60% | £0.50 |
| Plus | £3.99 | £47.88 | 0.45% | 0.45% | £0.15 |
| Boost | £7.99 | £95.88 | 0.30% | 0.30% | £0.05 |
| Max | £14.99 | £179.88 | 0.15% | 0.15% | £0 |
Fund dealing is free. Each fund also has its own ongoing charge, which comes on top. The SIPP costs 0.45% a year (0.35% admin plus 0.10% custody) plus fund charges.
Which plan is cheapest? It depends on your balance. On £5,000 in a Stocks and Shares ISA:
- Basic: 0.60% = £30 a year
- Plus: £47.88 + 0.45% (£22.50) = £70.38 a year
- Max: £179.88 + 0.15% (£7.50) = £187.38 a year
Max only beats Basic on investment fees once you hold about £40,000. Paid plans also include other features, so check what you would use before upgrading.
Customer service
You can contact Plum through in-app chat. The help centre on its website covers most common questions. Check recent reviews on Trustpilot for an up-to-date picture.
Is my money safe with Plum?
It depends on where your money is:
- Main Plum pocket: this is e-money, held by Plum’s e-money partners and safeguarded. It is not covered by the FSCS. Plum is moving these accounts to its own e-money institution, Plum Fintech Payments Ltd (FRN 1023776), from October 2026.
- Easy Access and Cash ISA: held with partner banks (Lloyds and Citibank). Deposits are covered by the FSCS up to the limit per person, per bank.
- Investments: held in your name, separate from Plum’s own money. The FSCS may cover losses if a firm fails and can’t return your assets, up to its limit. It does not cover falls in investment value.
Is Plum good for investing?
Plum suits people who struggle to save and want the app to do it for them. The £1 minimum and free Basic plan make it easy to start.
For larger pots, the fees deserve a closer look. A low-cost ETF platform can be cheaper once you hold a few thousand pounds and don’t need the saving automation.
Summary
Plum makes saving automatic and lets you invest from £1. Pick the plan that fits your balance. For most small investors, that means Basic.
Frequently asked questions
How much does it cost to invest with Plum?
On the free Basic plan, you pay a 0.60% management fee on your Stocks and Shares ISA or GIA, plus fund charges. Paid plans cost £3.99 to £14.99 a month and lower the fee to between 0.45% and 0.15%.
Does Plum offer a Lifetime ISA?
Yes. Plum offers a cash Lifetime ISA. You can pay in up to £4,000 a tax year and the government adds a 25% bonus, up to £1,000. You must be 18 to 39 to open one.
Can I have more than one Stocks and Shares ISA?
Yes. Since April 2024 you can pay into more than one ISA of the same type in a tax year. Your total across all ISAs must stay within the £20,000 allowance.
Does Plum have a pension?
Yes, a SIPP at 0.45% a year plus fund charges. Read our guide on SIPP vs Lifetime ISA to compare.
Disclaimer: Investments can go up and down and your capital is at risk. This is not financial advice. Do your own research or speak to a regulated adviser.
Pedro is passionate about finance, marketing, and technology. He is a growth manager at several online projects and a former digital marketer for a fintech company.
