Help & FAQs

What happens to my ISA if I die?

From 6 April 2015, the UK government introduced new legislation which permits a surviving spouse or civil partner to apply for an additional ISA subscription allowance based on the value of the relevant deceased member’s ISA upon date of their death.

It is important to note that the securities and cash held within the deceased member’s ISA will not necessarily be transferred to the surviving spouse but will form part of the deceased’s estate. The additional permitted subscription (APS) simply allows the surviving spouse to subscribe to cash and/or securities up to the value of the deceased member’s ISA at the time of their death in addition to the surviving spouse’s existing ISA allowance.

To apply for an additional permitted subscription in the event of your spouse’s or civil partner’s death, please complete our APS Allowance Request Declaration form which can be found on our Forms and Guides webpage and return it to the address provided on the form.

If you have any queries on how to complete this form, please contact Customer Experience Centre on 0345 0700 720 or +44 207 015 4800 if calling from a mobile or abroad).

For further information in regards to the circumstances on who is eligible to apply, please contact GOV.UK

Submitted on 4th Jul 2019

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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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