Britannia Additional Allowance ISA

Yes, the interest rate is variable which means it can go up or down.

We may change your interest rate for various reasons. Please see the 'Changing these terms and ending this agreement' section of our General Terms and Conditions for more details.

When we increase our interest rates we'll tell you about the change within 30 days after it's happened.

When we decrease our interest rates we'll inform you by personal notice at least two months before we make the change.

Can I apply for this account?

You can apply for this account if:

• You are a surviving spouse or civil partner and your late spouse/civil partner held money in an ISA and,
• Your late spouse/civil partner passed away on or after 3 December 2014 and you were living with them at the time and,
• The ISA(s) held by your late spouse or civil partner was held with The Co-operative Bank, smile or Britannia, and,
• You have not already opened an Additional Allowance ISA in respect of the Additional Allowance you hold with us.
• Your spouse/civil partner died less than 3 years ago or, if later, the administration of their estate was not completed more than 180 days ago.

You must be a UK resident to open a savings account with us. If you are a non-UK resident, you may be able to transfer your Additional Allowance to another ISA provider that will accept your transfer and that will allow a non-UK resident to open an account.

• This account can only be opened as a sole account.

How do I apply for this account?

You will need to advise us firstly that your spouse/civil partner has passed away and provide us with the death certificate. You can do this by visiting a branch or by contacting us on 0800 132 304 (call charges) for more information about how you can notify us by post (lines open 8am - 8pm Monday - Friday, 9am - 12 noon Saturday).

Once we've received this, we will calculate your Additional Allowance and send this to you in writing at your address along with further information about the product, enclosing an application form. Once you’ve read all the information, and you'd like to apply, you can complete the application form and return it to us by post (along with proof of identity) to:

Britannia, FREEPOST (15796), Dept CO33, Leek, Staffordshire Moorlands, ST13 5RG.

Is there a minimum and a maximum balance?

There is no minimum balance although you must make a minimum initial Additional Permitted Subscription of £1.

The maximum amount which can be paid into our Additional Allowance ISA will depend on when your spouse or civil partner died and will be based on the balance of their ISA(s) at the date of death or when their ISAs cease to be a continuing account.

How do I make deposits into this account?

You can pay into this account with either cash, cheque, or by electronic transfer from another bank account held with us or elsewhere.

Payments are permitted for three years from the date of death of your late spouse/civil partner, or for 180 days after settlement of the estate if this is later. If the date of death was between 3 December and 5 April 2015, it will be treated as being 6 April 2015 and you will have the later of these two time frames to make payments.

You can pay into the account up to the total value of your Additional Allowance. This is in addition to and separate from your own ISA allowance, that you may be entitled to. If your late spouse/civil partner held ISAs with different providers, you may also want to speak to those providers about an Additional Allowance ISA (also known as Additional Permitted Subscription Allowance) This ISA does not allow transfers in of balances you hold in other cash ISAs.

This ISA does not allow transfers in of Additional Allowances you may have with other providers.

How do I contact you to discuss this account?

By telephone or visiting a branch.

Yes - whenever you want as this account has no restrictions on withdrawals. However, as this cash ISA is not a flexible cash ISA, any withdrawn money that you want to replace will count towards your total Additional Allowance balance, which is the maximum amount that you can pay in.

So, for example, if you have an Additional Allowance maximum balance of £10,000, and you have deposited £7,000 and then withdraw £2,000, you will only be able to deposit a further £3,000.

You can make withdrawals through the following ways:

• In branch - you can withdraw cash, cheques or make internal transfers.
• By post - you can send us a withdrawal request and we'll send your money to you by cheque in the post or by internal transfer. You can request withdrawal forms over the phone and in branch, or download them online.