Does the APS affect your ISA allowance for the current tax year?
No, the APS is separate from the ISA allowance. The surviving spouse or civil partner can use their ISA allowance in the normal way, in addition to any APS.
Related questions
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I have a joint account but my spouse has passed away. Do I still have to provide you with a grant of probate? -
If the value of the funds is under £20,000, will I need a grant of probate? -
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What happens if the deposit reaches maturity before we receive the grant of probate? -
How do I apply for a grant of probate?