You can also let us know you want to opt out of reinvesting at the end of your fixed term at any point in the six months before your account matures by visiting us in branch or calling 03457 24 24 24 (Relay UK: 18001 03457 24 24 24). Just complete the Opt-Out form in your maturity pack and send it back to us. After then, you'll need to give us 35 days’ written notice and there could be an Early Closure Charge.ĭon't want to reinvest straight away? It’s easy to opt-out.

If you change your mind, you can still close your account within 30 days of you reinvesting your savings.

Want to revinvest your savings into another Fixed Term Savings Account? No problem, we can automatically do that and send you a Certificate of Deposit with all the details of your new account within 14 days of reinvestment. Please note, if the estate takes more than 3 years to settle, interest earned after this is taxable so will not count towards the APS.Ībout 2 weeks before your fixed term is due to end, we'll send you a maturity pack with all the infomration on what happens next, whether you decide to reinvest in another Fixed Term Savings Account, or opt out. If the ISA holder died on or after the 6 th April 2018, the allowance can be the higher of the value of the ISA balance including all interest at the date of death, or the value of the ISA balance at the point the ISA is no longer a “continuing account”.Īn ISA account is no longer a “continuing account” when the administration of the estate is complete, the ISA is closed, or 3 years have passed since the date of death – whichever is earliest. If the ISA holder died on or before the 5 th April 2018, the value of the allowance is equal to the value of the ISA balance, including all interest at the date of death.

This isn't inheriting the actual money in the ISA, which follows the normal estate process. This is called ‘Additional Permitted Subscription’, or APS. If you're the spouse or civil partner of anyone who died from 3rd December 2014 onwards and held an ISA at the time of death, you can apply to have their ISA allowance added to your ISA.

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