There’s an added benefit to putting your cash into an Isa that few savers know about.
Most are aware you can save up to £20,000 in Isas every tax year – where it is completely sheltered from HMRC.
But there’s an extra allowance that lets some savers exceed this. Called the Additional Permitted Subscription (APS), it’s given to grieving spouses to cover the sum a spouse or civil partner held in Isa wrappers.
Say your partner had £50,000 in Isas, you can put this into an Isa in your name over and above your own £20,000-a-year limit. You need to fill out forms,
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