If your spouse or civil partner passes away, you inherit their ISA allowance, known as an Additional Permitted Subscription (APS).
You can transfer this value into your ISA, and it won’t count towards your current year’s allowance.
Can I transfer an APS allowance to my ISA?
Yes, Trading 212 supports APS transfers to and from other providers.
Does the APS allowance affect my ISA allowance for the current tax year?
No, it’s an extra allowance, meaning you can pay up to £20,000 plus your APS value in the same tax year.
How is APS allowance calculated?
It equals the value of your spouse or partner’s ISA(s) on the date of their death or when the ISA was closed, whichever is higher.
What if my spouse or partner had multiple ISAs?
You’ll receive a separate APS allowance for each provider where they held an ISA.
Is there a time limit to use the APS allowance?
Cash ISAs: within 3 years of the date of death, or 180 days from the end of estate administration, whichever is later.
Stocks & Shares ISAs: within 180 days from the end of estate administration.
How can I transfer this?
HMRC and the TISA guidelines allow two options:
- Subscribe with the same provider that held your spouse’s ISA.
- Transfer the APS allowance to a new provider (in full, once only).
If your spouse had multiple ISAs with the same provider, they’ll be combined into one APS allowance.
If you’re unsure which applies, contact us and we’ll guide you through the process.