ISAs provided by:
If your spouse or civil partner has passed away and held an ISA with us, you can invest an additional amount (on top of your normal ISA allowance) equivalent to the balance your spouse or civil partner held in their ISA.
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.
Initial deposit at account opening | £1,000.00 |
Balance after 12 months | £1,000.30 |
We have worked this out assuming:
You can apply for this account if:
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.
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.
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.
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.
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:
Interest earned from this account will not count towards any of your available personal savings allowance.
All interest earned from your ISA will be free of both Income and Capital Gains Tax.
Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on your individual financial circumstances.
Tax Free - The contractual rate of interest payable where interest is exempt from income tax.
AER - Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Tax-year - A tax year runs from 6 April to 5 April the following year.
For more information about ISAs in general, please read our ISA Allowances and information guide.
Ready to apply?
Please call us on 0800 132 304 (call charges) or visit a branch.
Product Specific Terms and Conditions, Keyfacts & Summary Box (which contains interest rates)
Download Product Specific Terms and Conditions, Keyfacts & Summary Box (which contains interest rates) PDF (925KB)Britannia Savings General Terms and Conditions
Download Britannia Savings General Terms and Conditions PDF (979KB)Managing your Britannia Savings account (including Charges)
Download Managing your Britannia Savings account (including Charges) PDF (1.42MB)How we use your personal information
Download How we use your personal information PDF (290KB)The Financial Services Compensation Scheme Information Sheet and Exclusion List
Download The Financial Services Compensation Scheme Information Sheet and Exclusion List PDF (3.36MB)Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on your individual financial circumstances.
The Co-operative Bank reserves the right to decline or accept any application and/or deposit.
smile, The Co-operative Bank and Britannia are trading names of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).
The contractual rate of interest payable where interest is exempt from income tax.
Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
This means the rate could go up or down. But we’ll notify you in advance if we plan to lower our interest rates.
The contractual rate of interest payable where interest is exempt from income tax.
This means the rate could go up or down. But we'll notify you in advance if we plan to lower our interest rates.
Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
This means the rate could go up or down. But we’ll notify you in advance if we plan to lower our interest rates.
If you’re calling from the UK, calls to 0800 and 0808 numbers are free from landlines and mobiles; calls to 03 numbers cost the same as calls to numbers starting with 01 and 02; calls to 0845 and 0870 numbers cost 3p per minute, plus your phone company’s access charge; calls to 0844 and 0843 numbers cost 7p per minute, plus your phone company’s access charge. Charges for calls made outside of the UK will be determined by your local provider.
Calls may be monitored or recorded for security and training purposes.
If you'd like more help & information, you can: