Policy paper

Individual Savings Accounts: transfer of benefits to surviving spouse or civil partner upon death

This Tax Information and Impact Note is about amendments to the ISA rules to allow the surviving spouse or civil partner to benefit from an additional ISA allowance.

This publication was withdrawn on

This publication was originally archived on 26 March 2015.

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These regulations amend the Individual Savings Account Regulations 1998 to provide for the spouse or civil partner of a deceased Individual Savings Accounts (ISA) saver to receive an additional ISA allowance up to the value of the deceased’s ISA savings at the time of death. They also provide that the additional ISA allowance does not count against the surviving spouse’s/civil partner’s annual ISA subscription limit.

Published 20 January 2015