Additional permitted subscriptions (APS)
In the unfortunate event that your spouse or civil partner dies, you may be entitled to an additional permitted subscription (APS). This means that, in addition to your 2017/18 ISA allowance, you will be able to invest the value of your deceased spouse’s ISAs, including the funds held within a Lifetime ISA plus any accrued government bonus, tax-efficiently. Please note that this benefit is only available for a limited time, related to your spouse’s estate.
As long as your spouse’s ISA was held with us, you can open a new Stocks & Shares ISA with The Share Centre to use your additional permitted subscription. Please note you cannot use this additional allowance directly within a Lifetime ISA at The Share Centre. If you inherited your spouse's ISA investments, you can transfer them into this new Stocks & Shares ISA (subject to market value), or you can pay in your own cash to use the APS. If your spouse's ISA was held with another provider, you can still use your APS by opening a new Stocks & Shares ISA with us, however you will only be able to pay in cash.