There are plenty of reasons why the ISA additional permitted subscription is a flop - not least its name - but, writes Neil MacGillivray, it remains a potentially valuable entitlement advisers should not overlook
Over the last month or so, I have received a number of queries from financial advisers on the subject of the ISA additional permitted subscription (APS). Available since 6 April 2015, this allows the surviving spouse or civil partner of an individual who dies the entitlement to an APS that is equal to the value of the deceased individual's ISA savings at the date of their death or, from 6 April 2018, the date on which the account ceases to be a continuing deceased's account -whichever is the higher value. Now, it had been some time since I have had to deal with enquiries on this subje...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
