Additional ISA allowance for surviving spouse (Estate Administration)


New rules have been published explaining how the surviving spouse or civil partner of a deceased holder of an individual savings account (ISA) can use an additional ISA allowance from 6 April 2015. Survivors can use the additional allowance to subscribe to one or more accounts with an ISA manager other than the deceased's manager, and can subscribe cash up to the value of the deceased's stocks and shares ISA if they cannot subscribe non-cash assets.

New rules have been published explaining how the surviving spouse or civil partner of a deceased holder of an individual savings account (ISA) can use an additional ISA allowance from 6 April 2015. Survivors can use the additional allowance to subscribe to one or more accounts with an ISA manager other than the deceased's manager, and can subscribe cash up to the value of the deceased's stocks and shares ISA if they cannot subscribe non-cash assets.

Read the full story here - http://uk.practicallaw.com/4-607-6336