Log in to Personal Banking Skip to content
  1. Home
  2. Help & info
  3. Accounts
  4. Savings
  5. Manage account
  6. If someone dies, what happens to their savings?

Help & info

Just type in your query, or have a look at the list of popular questions below.

If someone dies, what happens to their savings?

If a customer dies on or before 5 April 2018, the tax-free status of the cash ISA will end on the date of death. We will pay any additional interest earned after that date, but this may be taxable.

However, a change in the ISA rules means that if a customer dies on or after 6 April 2018, the account will continue to earn tax-free interest after death, until one of the following occur:

  • The completion of the administration of the estate
  • The closure of the account
  • The third anniversary of the death of the account holder

The amount payable on death is the balance of the cash ISA, plus any interest earned.

Was this article helpful?

Thank you for your feedback

We will use your feedback to improve our answers. For further assistance Contact us

Thank you for your feedback

We will use your feedback to improve our answers. For further assistance Contact us

Related Articles

  • What is my Personal Savings Allowance

    Your Personal Savings Allowance will be different dependent on what rate of tax you pay.
    Learn more

  • How do I log into my Britannia DirectSaver account?

    When logging in, we’ll ask you for your user ID which we emailed you, along with 3 characters from your password. If you’re logging in with your user ID for the first time, your password will need to be set before you can log in.
    Learn more

  • Base Rate Change - 2nd August 2018

    On the 2nd August 2018 The Bank of England base rate increased from 0.50% to 0.75%. The Bank’s Standard Variable Rate will increase from 4.74% to 4.99% effective from 1 September 2018.
    Learn more