Additional Permitted Subscription (APS) Allowance
- On March 26, 2019
- By GrowthInvest Admin
An update to ISA rules, which came into effect in April 2018, has the capacity to save your clients thousands of pounds.
Additional Permitted Subscription allowance
Legislation introduced in 2015 allowed ISA account holders to pass on their investment to a spouse tax free.
The rules state that for deaths on or after 4 December 2014, ISA holders can pass the entire value of their ISA to their spouse after death without an inheritance tax (IHT) liability.
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