Why choose an Inheritance ISA?

If your husband, wife or civil partner passes away, the money they have in any ISAs becomes part of their estate and settled in their will.

But you could also use your partner’s ISA to make the most of your own tax-free savings. Here’s how an Inheritance ISA works.

Each year the government sets a limit on how much you can save in your ISA, tax-free. This is called an ‘allowance’, which for the 2022/23 tax year is £20,000.

Let’s say your partner had £5,000 in their ISA. That means your allowance this year would be the normal £20,000, which you save in your ISA, plus their £5,000 as an extra allowance, which you save separately in your Inheritance ISA. So altogether, you could save up to £25,000 this year, tax-free.

This page will give you an idea of how an Inheritance ISA works.

Interest rate

0.11% to 0.15% AER/tax-free (variable)

Access to your money

Make withdrawals at any time

Manage your money

Online and in branch

Designed for:

  • Savers who want instant access to their money
  • Savers whose husband, wife or civil partner passed away with ISA savings

Not designed for:

  • Savers whose partner passed away over 3 years ago and their estate has been settled for over 180 days
  • Savers who were separated from their partner at the time of passing

How to manage your Inheritance ISA

Inheritance ISAs work differently to some of our other savings accounts.

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Account details


This Summary Box sets out the key features of the savings account. For full details, please read the account terms and conditions.



Before you apply, please make sure you read the Summary Box and Terms and Conditions in full and print or save a copy for reference

Savings and ISA help

Useful guides to help you manage your account and understand the different ways to save.

Protecting your money

The Financial Services Compensation Scheme (opens in a new window) (FSCS) is a free, independent service that protects up to £85,000 of your eligible money at Nationwide.