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FreeAgent

UK-built accounting for sole traders and contractors, filing Self Assessment and MTD VAT straight to HMRC, free for NatWest and RBS banking customers.

Best for

UK sole traders, contractors and freelancers, especially NatWest, RBS or Mettle banking customers who get it free.

Entry plan
£19/mo (Sole Trader)
Users
Unlimited
Payroll
Included
Bank feeds
Yes

How much does FreeAgent cost for accounting software?

FreeAgent plans cost from £19/mo (Sole Trader) to £33/mo (Limited Company) in 2026. A free plan is available (Yes (with NatWest/RBS)). Payroll is included on every plan at no extra per-employee cost.

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Pricing breakdown

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Every fee we track, grouped by where it applies.

How FreeAgent compares

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Side-by-side with the closest alternatives by estimated cost.

Subscription plus payroll add-on, based on the entry plan with no employees. Processing fees not included.

Xero logo

Xero

£7/mo est.

Entry plan
£16/mo (Ignite)
Users included
Unlimited
UK payroll
Yes
VAT/MTD
Yes
Bank feeds
Yes
Est. monthly cost
£7/mo

Strengths and trade-offs

Pros

  • Files Self Assessment and MTD VAT directly to HMRC
  • Free for NatWest, RBS, Ulster and qualifying Mettle customers
  • Built-in payroll at no extra cost
  • Strong CIS support for the construction trades

Cons

  • Weak multi-currency handling
  • Does not file the monthly CIS300 contractor return directly
  • Receipt capture capped at 10/mo unless you add the £5/mo unlimited option

About FreeAgent

FreeAgent is a UK-built accounting platform owned by NatWest Group, aimed at sole traders, contractors, and small limited companies. It is priced by business type rather than feature tier and files both MTD VAT and Self Assessment directly to HMRC. Payroll is built in at no extra cost, and CIS is well supported for the construction trades. It is free for life for NatWest, Royal Bank of Scotland, and Ulster Bank business banking customers, and for qualifying Mettle account holders.

FreeAgent was founded in 2007 and is headquartered in Edinburgh, United Kingdom.

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