Help & FAQs

What is the eligibility criteria to claim an APS allowance?

The allowance is available to new and existing customers, who meet the following eligibility, regardless of whether the deceased spouse/partner held a Shares ISA or not.

  • Spouse/Civil partner of deceased only*
  •  APS allowance can only be claimed from 3rd December 2014 (inclusive) and onwards**
  •  UK Resident (If you are a non-UK resident, you can apply for the APS allowance but will not be eligible to apply to subscribe using the standard annual ISA limit or open a new Shares ISA with us).
  •  18 years old or over
  •  Within the APS claims timescales***

* You needed to be married or in a civil partnership with the ISA holder and living together at the time of death. You can’t use an APS allowance if you were separated under a court order or Deed of Separation or separated under other circumstances that were likely to become permanent. And this allowance cannot be passed on to any other family member.

**Effective since April 6th 2015. Spouses can only claim the Additional Permitted Subscription (APS) from 6th April 2015. Where the deceased died in the period beginning 3rd December 2014 and ending on 5th April 2015, the deceased is treated as dying on 6th April 2015.

*** In the case of cash subscriptions, within 3 years of the date of death, or if later, 180 days of the completion of the administration of the estate.

Submitted on 8th May 2018

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Risk Warning

The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Selftrade does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

The extent and value of any ISA tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change.

The extent and value of any SIPP tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change. If your options change regarding an employer's pension scheme you may wish to review your financial situation. Once in a pension your money is only accessible, in general, from age 55.

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