Spouses paying tax on inherited ISAs

Pension Advice

Data1 shows that six out of seven bereaved partners could be paying tax unnecessarily on ISA savings they inherit. Since April 2015, bereaved spouses or civil partners have been entitled to an extra ISA allowance. This is achieved by what’s called an Additional Permitted Subscription (APS). If the investor died before 6 April 2018, the APS […]