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What is the ISA inheritance allowance?

From 6th April 2015, a bereaved spouse or civil partner of anyone who died from 3rd December 2014 onwards, can apply to receive an additional ISA allowance up to the value of the deceased's ISA savings at the time of death. This is called Additional Permitted Subscription (APS).

Please note: this is not inheriting the actual money in the ISA. It is inheriting an allowance equal to the balance (including all interest) on the date of death.

To apply please print, complete and return the Spouse/Civil Partner ISA Allowance Transfer Form (PDF 16KB) to:

NatWest
Retail Processing Operations
Chatham Waterside Court
Chatham Maritime
Chatham
ME4 4RT

We will check the information provided and write to you within 30 days with your exact entitlement along with details of how to fund your own cash ISA.

Please do not fund yourself outside of this process as it will result in your normal annual ISA allowance being used rather than your APS allowance.

For further information on we how can help during the difficult period following the death of a loved one please see our bereavement service (opens in a new window).

For further information about APS, the BBA have produced an obtaining additional ISA allowances leaflet (opens in a new window) to help.