description plum Overview
Plum is a mobile application facilitating automated savings and investing for UK residents. The app utilizes round-ups from debit card purchases to invest small sums in Stocks and Shares ISAs. It’s suitable for individuals new to investing who prefer a simplified, hands-off approach to building their financial future. Investment choices are restricted and fees apply, making it best suited for those seeking basic, passive investment solutions.
help plum FAQ
How do Plum round-ups work?
Plum can round debit-card purchases up to the next pound and move the difference into an automated savings or investing flow. The feature is designed to turn small amounts from everyday spending into repeated deposits.
Can Plum hold a Stocks and Shares ISA?
Yes, Plum currently advertises a Stocks and Shares ISA for subscribing customers, alongside general investment accounts. The UK ISA allowance shown on its investment page is up to £20,000 per tax year. [Plum investments](https://withplum.com/investments)
Does Plum let me buy individual stocks as well as funds?
Yes, Plum advertises access to more than 3,000 individual stocks as well as professionally managed funds. Its site separately notes that direct stock investing does not use a Stocks and Shares ISA, so the account type matters.
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