If your spouse or civil partner dies you can inherit their ISA allowance.
As well as your normal ISA allowance you can add a tax-free amount up to either:
See Also
Getting Married: What Newlyweds Need to KnowHow Getting Married Affects Your Next Income Tax Return2023 and 2024 tax brackets and federal income tax rates | FidelityHow Should You and Your Spouse File Taxes? Married Filing Jointly vs Separately- the value they held in their ISA when they died
- the value of their ISA when it’s closed
Contact your ISA provider or the provider of your spouse or civil partner’s ISA for details.
If your spouse or civil partner died from 3 December 2014 to 5 April 2018
Their ISA ended on the date of their death. ISA investments will form part of their estate for Inheritance Tax purposes.
Their ISA provider can be instructed to sell the investments and either:
- pay the proceeds to the administrator or beneficiary of their estate
- transfer the investments directly to them
You can inherit their ISA allowance. As well as your normal ISA allowance, you can add a tax-free amount up to the value they held in their ISA when they died.
Contact your ISA provider or the provider of your spouse or civil partner’s ISA for details.
