The Autumn Statement included a small giveaway for older investors. With effect from December 3rd, a husband, wife or civil partner can inherit their partner’s ISA on their death and keep the tax exemptions. Previously, those tax benefits ceased at death. On a £100,000 ISA, the annual tax savings in an ISA for a basic rate taxpayer could be over £500.
BRB Wealth Management provides fee based, comprehensive financial planning advice to individuals seeking to take control of their financial future and achieve their personal and financial goals.