How much does FreeAgent charge?
FreeAgent costs £19/mo for sole traders and £33/mo for limited companies. For some UK business banking customers, it can be free: eligible users of NatWest, Royal Bank of Scotland, and Mettle can get FreeAgent at no extra software cost.
Last verified May 2026 · Feebite Editorial · Independent fees calculator
Review target: freeagent.com
Quick Verdict
Rating: 4.2/5
Best for: UK freelancers, sole traders, and small limited companies that want accounting software built around HMRC admin, invoicing, expenses, and tax visibility.
Not ideal for: Businesses needing advanced inventory, deep custom reporting, or a broad multi-entity finance stack.
Fees & Pricing — The Full Picture
FreeAgent is a UK-focused accounting platform aimed at freelancers and small businesses, and its pricing is refreshingly straightforward compared with many accounting tools that gate useful features behind confusing tiers.
The core trade-off is simple: it is not the cheapest option if you are paying retail, but it becomes very compelling if you qualify through a supported business bank.
| Plan / access route | Price | Who it's for | Notes |
|---|---|---|---|
| Sole trader | £19/mo | UK sole traders / self-employed users | Standard monthly subscription |
| Limited company | £33/mo | UK limited companies | Higher tier reflects company accounting needs |
| NatWest business banking customer | Free | Eligible customers | FreeAgent included for qualifying users |
| Royal Bank of Scotland business banking customer | Free | Eligible customers | FreeAgent included for qualifying users |
| Mettle business banking customer | Free | Eligible customers | FreeAgent included for qualifying users |
What you’re actually paying for
FreeAgent’s value is less about raw bookkeeping depth and more about reducing day-to-day admin friction for UK microbusinesses. It is designed around common freelancer and small-company jobs: creating invoices, tracking expenses, monitoring cash flow, and keeping an eye on tax obligations.
That matters because many accounting tools are either:
- too lightweight and feel like glorified invoicing apps, or
- too enterprise-flavoured for a one-person business.
FreeAgent sits in the middle. The pricing reflects that positioning. At £19/mo, a sole trader is paying for a specialist UK accounting workflow rather than just basic income-and-expense logging. At £33/mo, a limited company gets a more realistic setup for company admin, though that monthly cost can feel steep if your business activity is simple and low-volume.
The biggest pricing catch
The obvious catch is that retail pricing is only part of the story. If you already bank with NatWest, Royal Bank of Scotland, or Mettle and qualify for included access, FreeAgent can go from “reasonable but not cheap” to “hard to argue against”.
That free banking-linked access is one of the strongest reasons UK freelancers shortlist it. But if you do not qualify, you should compare carefully with alternatives before subscribing, especially if you mainly need basic bookkeeping and annual filing support.
Key Facts
| Fact | Details |
|---|---|
| Category | Accounting |
| Pricing | £19/mo (sole trader), £33/mo (limited company) |
| Free plan | No |
| Founded | Not listed here |
| HQ | UK-focused product |
| Best feature | Clear UK freelancer/small-business accounting with strong banking-linked value |
| Worst limitation | Less appealing on retail price alone if you only need very basic bookkeeping |
How It Compares
FreeAgent is strongest when judged as a practical UK small-business accounting tool, not as an all-purpose finance platform. Here’s how it stacks up against two well-known alternatives.
| Name | Fee | Best For | Verdict |
|---|---|---|---|
| FreeAgent | £19/mo or £33/mo; free for eligible NatWest/RBS/Mettle customers | UK freelancers and small limited companies | Excellent fit if you want UK-focused accounting and especially if you qualify for free access |
| Xero | Varies by plan | Broader small-business accounting and app ecosystem | Better for businesses needing more integrations and accounting depth, but often pricier or more complex |
| QuickBooks | Varies by plan | General SMB bookkeeping and reporting | Strong mainstream option, but FreeAgent can feel more tailored for UK freelancers |
The practical takeaway: if you are a UK freelancer comparing pure usability and tax-oriented admin, FreeAgent often feels more focused than bigger generalist platforms. If you need extensive add-ons, more customisation, or more layered finance workflows, Xero or QuickBooks may justify their extra complexity.
Pros
- Built with UK freelancers and small businesses in mind rather than generic global accounting workflows.
- Pricing is easy to understand: £19/mo for sole traders, £33/mo for limited companies.
- Can be free for eligible NatWest, Royal Bank of Scotland, and Mettle business banking customers.
- Well suited to combining invoicing, expenses, and tax visibility in one place.
- Good middle ground between ultra-basic invoicing tools and overly complex accounting suites.
Cons
- No free plan for everyone; the best value depends heavily on banking eligibility.
- £33/mo may feel expensive for a very small limited company with simple accounts.
- Less suitable for businesses that want advanced reporting or more complex finance operations.
- Best fit is clearly UK-centric, so it is not the natural choice for internationally complex setups.
Who Should Use FreeAgent
Perfect for: UK sole traders, freelancers, contractors, and small limited companies that want straightforward accounting software with clear monthly pricing and a strong chance of excellent value if they bank with NatWest, RBS, or Mettle.
Skip it if: you only need bare-bones bookkeeping at the lowest possible cost, or you need heavier accounting features, advanced custom reporting, or broader operational finance tools.
How to Get Started
-
Choose your business type
Decide whether you need the sole trader (£19/mo) or limited company (£33/mo) route. -
Check banking eligibility first
Before paying retail, confirm whether you qualify for free FreeAgent access through NatWest, Royal Bank of Scotland, or Mettle. -
Review your actual needs
Make sure you want full accounting software rather than just invoicing or receipt capture. FreeAgent makes most sense when you will use it regularly for admin and tax tracking. -
Compare with one or two alternatives
If you are paying out of pocket, compare FreeAgent against Xero and QuickBooks based on complexity, integrations, and how much accounting depth you really need.
Frequently Asked Questions
How much does FreeAgent cost in 2026?
FreeAgent costs £19/mo for sole traders and £33/mo for limited companies. There is no general free plan, but eligible NatWest, Royal Bank of Scotland, and Mettle business banking customers can get it free, which materially changes the value equation.
Is FreeAgent free with NatWest, RBS, or Mettle?
Yes, FreeAgent is available free for eligible business banking customers of NatWest, Royal Bank of Scotland, and Mettle. Eligibility matters, so you should confirm the current terms directly with your bank and FreeAgent before assuming access is included.
Is FreeAgent worth it for UK freelancers and small limited companies?
Usually yes, especially if you want UK-focused accounting software and will actively use invoicing, expense tracking, and tax visibility features. At £19/mo or £33/mo, it is not the cheapest retail option, but it can be strong value for the right UK microbusiness—and even better if free through banking.
This review was last updated May 2026. Fees and availability may change — always check FreeAgent's website for the latest information.