Premier Portfolios: What happens to my investments if I die?
For clients invested in the Premier Portfolio Management Service only.
On your death and following receipt of a death certificate, your (non-ISA) investments will be transferred to either your personal representatives or, as instructed by them after probate has been granted and proven or if you hold a joint account, your investments will be transferred to the surviving holder. The total value of your investments will form part of your estate for Inheritance Tax purposes.
If an Individual Savings Account (ISA) is held, the tax-free status will continue to benefit from the ISA tax advantages until the earlier of (1) the completion of the administration of your estate, (2) the closure of your account or (3) the third anniversary of the date of your death. However, when an ISA holder dies, it is possible to pass on the value of the ISA at the date of death to the surviving spouse or civil partner via an additional permitted subscription. Your financial adviser will be able to provide you with further information.