Additional Permitted Subscription (APS) FAQs

You may be eligible if:

•    you were the spouse or civil partner of the deceased when they died;
•    they held one or more ISAs; 
•    and you were living together at the time of their death (subject to certain exceptions).

 You do not need to have inherited the ISA savings to qualify for an APS allowance.

Your APS allowance is generally the higher of:

•    the value of your spouse or civil partner's ISA(s) at the date of death; or
•    the value when the ISA stopped being a Continuing Account of a Deceased Investor (a "continuing ISA").

If your spouse or civil partner had ISAs with more than one provider, you'll have a separate APS allowance for each provider. These allowances can usually be combined with one provider if they agree to accept them.

You normally have:

•    3 years from the date of your spouse or civil partner's death, or
•    180 days from the completion of the administration of their estate, whichever is later.

No. Your APS allowance is completely separate from your annual ISA allowance.

This means you can still save up to your annual ISA allowance each tax year in your other eligible ISAs, as well as using your APS allowance in a Furness Additional Allowance ISA.

If you open a Furness Additional Allowance ISA, your personal ISA allowance and your APS ISA allowance can not be combined into a single account. 

No. You can make one payment or several payments until you've used your full APS allowance, provided they're made within the permitted time limits.

The money you subscribe does not have to come from the inherited ISA savings – you can use funds from another source if you wish, provided your total APS subscriptions do not exceed your available APS allowance.

Once you've started using your APS allowance with a provider, any remaining APS subscriptions must be made with that same provider. However, after the money has been paid into your ISA, you can transfer the ISA in line with the normal ISA transfer rules.

If you open a Furness Additional Allowance ISA, only one deposit is permitted therefore it is important that you do not open the account until you have the amount you wish to invest available. Any unused APS allowance cannot be added to the account later.

No. You can use an APS allowance from an ISA held with another provider, provided you supply the required documentation.

Likewise, if your spouse or civil partner held their ISA with Furness, you are free to use your APS allowance with another ISA provider if you prefer.

 We'll ask you for the regular documents we require for account openings, as well as a completed Additional Allowance Cash ISA Account Application form. We may also ask for documents to confirm:

  
•    your identity and eligibility as the surviving spouse or civil partner;
•    details of the deceased; 
•    sufficient information to identify the deceased’s ISA;
•    and the value of your APS allowance, where applicable (for example, an APS certificate if the allowance is with another provider).

If you're unsure what documents you'll need, please contact us and we'll be happy to help.