{"id":2663,"date":"2015-04-27T00:00:00","date_gmt":"2015-04-27T00:00:00","guid":{"rendered":"http:\/\/hebblethwaites.wpengine.com\/index.php\/a-few-miscellaneous-effects-of-holding-isas\/"},"modified":"2015-04-27T00:00:00","modified_gmt":"2015-04-27T00:00:00","slug":"a-few-miscellaneous-effects-of-holding-isas","status":"publish","type":"post","link":"https:\/\/hebblethwaites.com\/index.php\/a-few-miscellaneous-effects-of-holding-isas\/","title":{"rendered":"A few miscellaneous effects of holding ISAs"},"content":{"rendered":"<h3>\n\tIf you move abroad<\/h3>\n<p>\n\tIf you open an Individual Savings Account (ISA) in the UK and then move abroad, you can&rsquo;t put money into it after you move (unless you&rsquo;re a Crown employee working overseas or their spouse or civil partner).<\/p>\n<p>\n\tHowever, you can keep your ISA open and you&rsquo;ll still get UK tax relief on money and investments held in it.<\/p>\n<p>\n\tYou can pay into your ISA again if you return and become a UK resident (subject to the current annual ISA allowance of &pound;15,240).<\/p>\n<h3>\n\tIf you die<\/h3>\n<p>\n\tYour ISA ends on the date of your death. There will be no Income Tax or Capital Gains Tax to pay up to that date but ISA investments will form part of your estate for Inheritance Tax purposes.<\/p>\n<p>\n\tYour ISA provider can be instructed to sell the investments and either:<\/p>\n<ul>\n<li>\n\t\tpay the proceeds to the administrator or beneficiary of your estate<\/li>\n<li>\n\t\ttransfer the investments directly to them<\/li>\n<\/ul>\n<h3>\n\tIf your spouse or civil partner dies<\/h3>\n<p>\n\tIf your spouse or civil partner died on or after 3 December 2014, you can inherit their ISA allowance.<\/p>\n<p>\n\tAs well as your normal ISA allowance, you can add a tax-free amount up to the value they held in their ISA when they died.<\/p>\n<p>\n\tContact your ISA provider or the provider of your spouse or civil partner&rsquo;s ISA for details.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>If you move abroad If you open an Individual Savings Account (ISA) in the UK and then move abroad, you can&rsquo;t put money into it after you move (unless you&rsquo;re a Crown employee working overseas or their spouse or civil partner). However, you can keep your ISA open and you&rsquo;ll still get UK tax relief [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-2663","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/comments?post=2663"}],"version-history":[{"count":0,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2663\/revisions"}],"wp:attachment":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/media?parent=2663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/categories?post=2663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/tags?post=2663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}