What happens to my stocks and shares ISA when I die?

Your stocks and shares ISA will form part of your estate – everything you’ve owned is known as your estate after you die – and your money stays invested until we get authorised instructions for what to do with it. We can’t make any changes to your investments until we’ve got these. Since your money stays invested, the value could go down as well as up and may be worth less than has been invested.

Your stocks and shares ISA becomes a ‘continuing deceased’s account’ when you die – this is for a maximum of three years and means the money in your ISA still has the same tax benefits, but no more money can be paid in.

If you have any money in an ISA when you die, your spouse or civil partner can pay that amount into their own ISA (or open one in their name) and not pay any extra tax on it, no matter the value. This is on top of their usual ISA allowance too. You can find out more on the government website.

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