ANNA Money review
Sole traders who self-manage tax and want the account to do the admin for them.
Overview
ANNA — "Absolutely No Nonsense Admin" — is the tax-first challenger: a £0 account with unlimited outgoing transfers, AI receipt scanning, a live HMRC tax liability estimate, solid invoicing and genuinely praised 24/7 human support. Its catch is the most unusual fee structure in the category: on the free plan, ANNA takes 0.95% commission on incoming payments above £1,000 a month — your revenue is its meter. Paid plans (Grow, Business, Big Business) swap commission for transfer allowances. And two honesty flags: ANNA is an e-money institution, so funds are safeguarded rather than FSCS-protected, and it publishes no cash-deposit rates at all.
Strengths and weaknesses
What we like
- Live HMRC tax liability estimate in-app — unique and genuinely calming
- AI receipt scanning and expense categorisation included on the free plan
- Unlimited free outgoing transfers even at £0
- 24/7 human support with a strong service reputation
- Good invoicing with payment links; free expense cards per plan
What to watch
- 0.95% commission on incoming payments over £1,000/mo on the free plan — revenue becomes the fee
- No FSCS protection — funds are safeguarded (segregated), a weaker promise
- Cash deposit rates unpublished — odd for a fee-transparency brand
- +Taxes add-on for limited companies costs £29/mo + VAT separately
Key features at a glance
| Account type | E-money institution (FCA-regulated) |
| Deposit protection | Safeguarding — not FSCS |
| Monthly fee | £0; Grow £12.90; Business £22.90; Big Business £59.90 (+VAT) |
| The meter | 0.95% on incoming over £1k/mo (free plan); transfer allowances on paid tiers |
| Standout tools | Live tax estimate, receipt AI, invoicing, 24/7 support |
| Cash deposits | Rates not published |
Pricing
Free plan £0 (0.95% incoming commission above £1,000/mo). Grow £12.90, Business £22.90, Big Business £59.90 per month + VAT. +Taxes add-on £29/mo + VAT for limited companies. Indicative, checked against anna.money September 2026.
Who ANNA Money is for — and who should skip it
Best for
Sole traders and freelancers who want tax admin automated, modest monthly incoming volume, and fast human support.
Probably not for
Businesses banking meaningful incoming volume on a free plan (the commission bites), anyone requiring FSCS cover, and cash handlers.
Our verdict — 7.9/10
ANNA is the admin-averse sole trader's friend — the tax tooling is real — but the incoming-payment commission means its "free" plan is quietly the priciest in the category for anyone earning over ~£1,000 a month. Do that maths first.
ANNA Money, head to head
How we review: scores reflect our editorial assessment using vendor documentation, published pricing, independent research and hands-on evaluation where noted — read our full methodology. Pricing is indicative — always confirm current plans with the vendor. We may earn commission from links on this page; it never affects our scores.