How does APS work?

Anyone who was married or in a civil partnership with someone who died on or after 3 December 2014 can apply for an additional ISA allowance, known as the APS.

For cash ISAs an APS is available for three years after the date of death, or for up to 180 days after the administration of the estate is complete, whichever is later.

Where an investor held ISAs with several providers, a separate APS will be available for each. If your spouse or civil partner held multiple ISAs with the same ISA provider, the value of these ISAs will be combined to give one APS allowance with that ISA provider.