ISA. If you die your ISA will continue to attract tax benefits until the earlier of the administration of your estate being finalised, the closure of the ISA or three years after death. Following your death and on production of the death certificate and grant of probate or letters of administration, we will deal with the Units as instructed by your personal representative. They must first prove they have authority to give us this instruction. They may request us to sell the Units and transfer them the net proceeds of the sales in cash or they can request that we transfer the Units to them.
ISA. If we receive notification of your bankruptcy, the tax advantages of your ISA will cease in accordance with the Law. We will not accept any further subscriptions. The appointed trustee or official receiver will become the beneficial owner of the Units in your ISA. Any tax reclaimed on income received after the date on which the trustee or official receiver was appointed will be returned to HMRC.
ISA. We currently do not apply any charges for services related to your ISA.
ISA. We will contact HMRC on your behalf to make any appropriate claims relating to tax for your ISA. For these purposes, we may carry out appeals and agree, on your behalf, liabilities for and reliefs from tax. You do not have to pay tax on the income and capital gains of the Units in your ISA as long as we and you comply with the Law. This exemption may change in the future.
ISA. Income which we have tried to pay out to you but which remains unclaimed will be held outside your ISA by the Trustee in accordance with trust law or will be held in accordance with the Client Money Rules until paid to you.
ISA. The Annual ISA Allowance is subject to review and change by the Law. Your payments into your ISA must not be less than any minimum we have told you about or go over the Annual ISA Allowance. When you have used your full Annual ISA Allowance during a Tax Year you cannot pay any more in that Tax Year. This includes replacing any money which you have withdrawn.
ISA. The Law requires the ISA to comply with certain investment restrictions which means that we may be required to Switch, Convert or sell the Units if the Law or a Fund changes. You will not be charged for any such action taken to comply with the Law.
ISA. 18.2.1 You own the Units in your ISA. You are not allowed to transfer your rights to the Units to any other person. We will not recognise the interest or claim of any other person unless, by Law, we have to. For example, this means you cannot use any of the Units as security for any borrowing or other money that you owe. If you become incapable of managing your affairs we may allow a person appointed by a Court to manage your affairs to instruct us in relation to your ISA.
18.2.2 Title to the Units will be registered jointly in our name as manager of your ISA and your name in accordance with the Law. It will be made clear that the Units belong to you and not us. Such investments might not be identifiable by separate certificates, other physical documents of title, or otherwise.
18.2.3 You will not be given any certificates for the Units. Certificates or other documents evidencing ownership of the Units (including electronic records) will be held by us.
ISA. Only individuals who meet certain eligibility restrictions imposed by the Law will be able to open an ISA.
ISA. You own the Units in your ISA. You are not allowed to transfer your rights to the Units to any other person. We will not recognise the interest or claim of any other person unless, by Law, we have to. For example, this means you cannot use any of the Units as security for any borrowing or other money that you owe. If you become incapable of managing your affairs we may allow a person appointed by a Court to manage your affairs to instruct us in relation to your ISA.
