Majority of grieving savers could be needlessly paying IHT

Since 2015, married couples and civil partners have been entitled to an extra ISA allowance when their partner dies, known as an additional permitted subscription (APS). The allowance is equivalent to the value of a partner's ISA account at the time they passed away. A freedom of information request submitted to HM Revenue & Customs by Zurich found, however, just 21,000 people used the allowance to inherit a partner's ISA balance in the 2017/18 tax year. This is despite estimations from the Tax Incentivised Savings Association that some 150,000 married ISA holders pass away annually, ...