Support

• If your spouse or civil partner has passed away and they had an ISA, you will probably be eligible to receive an inherited ISA allowance. You’ll need to have been married to, or in a civil partnership, with your partner when they passed away. And you’ll need to have been living together and not legally separated or about to become legally separated.
• An inherited ISA allowance is in addition to the annual ISA allowance you already receive, and it could mean you pay less tax on your savings.
• The inherited ISA allowance doesn’t mean the money that’s in your partner’s ISA. It is based on the value of the ISA(s) they held.
• Your partner may have had ISAs with several managers. If this was the case, you can choose to register separate inherited ISA allowances with each ISA manager, or you can choose to transfer your total inherited ISA allowance (i.e. the value of all your partner’s ISAs) to a single manager.
• Our Inheritance ISA is an account especially for managing and using your inherited ISA allowance.

Any cash ISAs, stocks and shares ISAs, innovative finance ISAs and lifetime ISAs your partner held will count towards your inherited ISA allowance. The only one that doesn’t count is a junior ISA.

• If your partner died on or before April 5 2018
  Your inherited ISA allowance will be the value of your partner’s ISA(s) at the date of death.


• If your partner died on or after April 6 2018
  At the time of applying, you can either:

  1. inherit an ISA allowance that is the value of your partner’s ISA(s) at the date of death

  OR

  2. if your partner’s ISA(s) remains open and continues to earn interest, you can inherit an ISA allowance that is the value of your partner’s ISA(s) at account closure. Your partner’s ISA(s) can remain open up to three years after the date of death.

  You will be able to use the higher of the two values as your inherited ISA allowance unless, under option 2, you start using this allowance before your partner’s ISA(s) is closed. When this happens, you will inherit an ISA allowance that is the value of your partner’s ISA(s) at date of death (the same as option 1).