Spouse inheriting isas

ANGLICANPAT

 A wife /husband can  add to their  own isa, the value of their spouses isa at the date of their death. Lets say   its £15000 . What if  the   will  says  £10000  to be given to  a son /daughter  .  Would the spouse acting as executor,   be able to claim  just £5k to add to their own  isa, or the full £15000 

badger09

ANGLICANPAT said:

 A wife /husband can  add to their  own isa, the value of their spouses isa at the date of their death. Lets say   its £15000 . What if  the   will  says  £10000  to be given to  a son /daughter  .  Would the spouse acting as executor,   be able to claim  just £5k to add to their own  isa, or the full £15000 

The APS, Additional Permitted Subscriptions, or Inherited ISA would be £15k. Who actually inherits the Estate is irrelevant. 

Its too late for me to find legislation. 

ANGLICANPAT

Thank you badger 09  for clearing that up for me .  I did read some stuff on it  that I was sent,   but that particular point didnt come up .

badger09

You’re welcome. 

See attached link. Scroll down to 8th bullet point under ‘Find out about additional payment subscriptions’ 

https://www.gov.uk/guidance/manage-additional-permitted-subscriptions-into-an-isa#add-persub

I’m sure there’s also guidance for individuals, somewhere.