If you die
Your ISA will end when either:
- your executor closes it
- the administration of your estate is completed
Otherwise, your ISA provider will close your ISA 3 years and 1 day after you die.
There will be no Income Tax or Capital Gains Tax to pay up to that date, but ISA investments will form part of your estate for Inheritance Tax purposes.
Stocks and shares ISAs
Your ISA provider can be instructed to either:
- sell the investments and pay the proceeds to the administrator or beneficiary of your estate
- transfer the investments to your surviving spouse’s or civil partner’s ISA - this is only possible if they have the same ISA provider as you
Check the terms and conditions of your ISA for details.