Stocks and Shares ISA

Discussion in 'Legal and financial issues' started by cake4tea, Dec 3, 2018.

  1. cake4tea

    cake4tea Registered User

    Jan 22, 2014
    60
    Can anyone tell me what happens to a stocks and shares isa when the investor dies. Dad had one and when he died in June 2014 we transferred all his accounts and joint accounts to Mom's name but just noticed today that his annual ISA stocks and share statement which we have just received still has his name on it.
     
  2. Theresalwaystomorrow

    Theresalwaystomorrow Registered User

    Dec 23, 2017
    296
    Hi
    They can be transferred over to your mum as well, she can take his tax allowance I believe.
    The bank can sort this for you
     
  3. nitram

    nitram Registered User

    Apr 6, 2011
    16,423
    Male
    North Manchester
    Dad's ISA lost it's TAX free status on his death, any income since his death was taxable.

    As his death was before April 2015 Mom would not have received an additional £20k of ISA allowance.
     
  4. Spamar

    Spamar Registered User

    Oct 5, 2013
    6,627
    Suffolk
    The two firms I dealt with when winding up OHs money both required probate, by the way.
     

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