We're asking everyone not to visit us in branch unless it's absolutely necessary. That means you can only apply for an Inheritance ISA by post, if you're already a Nationwide member. Just order an application pack to get started. Otherwise, some of our other savings accounts can be opened online. See all our savings accounts.
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 2021/22 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.
0.01% to 0.05% AER/tax-free (variable)
Access to your money
Make withdrawals at any time
Manage your money
Online and in branch
- 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
Not the right account for you?
Answer a few simple questions and we'll show you what's available.
Setting up an Inheritance ISA
Apply in just four steps.
Register your partner’s death with us
You’ll need your partner’s death certificate or a certified copy of it.
Register your inherited ISA allowance
Just order our Inheritance ISA pack online or pick one up in branch.
Start saving in your Inheritance ISA
Make your first deposit and start saving more, tax free
Close your Inheritance ISA
Move your money to another account
Before you start
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
Summary Financial Statement
When you open an account with us, we need to let you know about our most recent summary financial statement and auditors' report. Our summary financial statement is published in our Review of the Year document PDF, 5.9MB (opens in a new window). You can find our latest annual report and accounts, including our auditors' report, on our Results and Accounts page.
Member Prize Draw
Apply for Inheritance ISA
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.