Legacy Cash ISA

This account might be right for you if:

  • your husband, wife or civil partner died on or after 3 December 2014 and had savings in ISAs
  • you want to keep any tax-free entitlements they'd built up. This is know as an Additional Permitted Subscription (APS)
  • you'd like easy access to your money.

This account might not be right for you if:

  • you want to transfer your own ISA savings for current or previous tax years
  • you want to pay in your own ISA allowance for the current tax year
  • you've already placed your APS allowance with another provider.

Summary Box

Account name Legacy Cash ISA Issue 3 (Additional Permitted Subscriptions only)
What is the interest rate?
Annual Interest 1.00% tax-free pa/AER
Interest is earned daily and paid on 5 April.
Monthly Interest: No monthly interest option available.
Can Skipton Building Society change the interest rate?
  • Yes, the interest rate is variable, so it can go up or down.
  • Section 22 of our Savings Account Terms and Conditions explains why we may change the interest rate.
  • If you have at least £100 in your account we'll notify you before any drop in your interest rate.
What would the estimated balance be after 12 months based on a £1,000 deposit?
  • The estimated balance after 12 months would be £1,010, assuming that:
    • £1,000 is paid in by internal transfer when the account is opened and interest starts being earned straight away
    • no further deposits or any withdrawals are made
    • the interest is paid annually and added to the account.
    • the interest rate stays the same for the full 12 months.
  • Estimated balances are for illustrative purposes only and may be less for accounts opened by cheque.
How do I open and manage my account?
  • This account is available to UK residents aged 16 or over, and can be opened and managed in any of our branches or by post. You must also be the surviving spouse/civil partner of a person who held an ISA and died on or after 3 December 2014.
  • You can pay money into the account by cheque or internal transfer from another Skipton Building Society account, once we've received the APS eligibility declaration from your deceased spouse/civil partner's existing ISA provider if their ISA wasn't with Skipton.
  • You apply for account with a nil balance but the account will only be open from the date we receive the money and ISA declaration. If no money is paid in within 3 months of opening we'll cancel the account.
  • You can save up to your APS allowance.
  • You can't transfer in any of your own ISA savings for current or previous tax years or pay in any of your allowance for the current tax year.
  • No joint accounts allowed.
Can I withdraw money?
  • Yes, you can withdraw money from this account in branch or by post. You don't need to give us notice and there are no penalties.
  • This account is flexible, so you can withdraw money and put it back without affecting your ISA allowance, as long as it's done in the same tax year and the account is still open.
Additional information
  • AER stands for Annual Equivalent Rate and shows what the interest would be if interest was paid and added each year. The AER allows you to compare the interest rates on savings accounts. The higher the AER, the better return on your savings.
  • All ISA interest is paid tax-free, which means it's exempt from income tax. Tax rules may change in future.
  • Accounts can be withdrawn from sale at any time and without notice.

If you are not satisfied with our services we have an internal complaints procedure. For more information please call us on 0345 850 1722, ask in branch or visit our Complaints page.

The Financial Ombudsman Service provides a free and independent service for consumers, and can be contacted at The Financial Ombudsman Service, Exchange Tower, London E14 9SR. Telephone: 0800 023 4567.


For products and services bought online you can also refer to the Online Dispute Resolution platform (ODR) at http://ec.europa.eu/consumers/odr/. As we're a UK building society, the ODR will still refer you to the Financial Ombudsman Service as the alternative dispute resolution body. The Financial Ombudsman Service will refer you back to our complaints process unless you've already been through this.

Need help?

If you have a question or need help deciding then you can phone, email or call into a branch - we're always happy to help.

Call us on 0345 850 1722
Our lines are open Monday to Thursday 8am-8pm, Friday 8am-5.30pm and Saturday 9am-12pm.


Things to know before you apply

  • This account can only be opened and managed in branch or by post.
  • You will need your National Insurance number when applying for this account.

If you are a new customer - where possible we use an electronic verification system to verify your identity and address, however we can't do this for postal applications, for children under 18 in England, or if you are not on the electoral roll for your current address. For full ID requirements please see our Proving your identity [PDF] document.

It is important that you read the key features and terms and conditions carefully. These contain the details of your agreement with us and any charges for these accounts and we will rely on them for our relationship with you.

New APS rules allow the APS value to reflect either the balance as at the date of death or the earlier of one of the following events:

  • completion of estate administration
  • account closure
  • three years from the date of death

Where multiple ISAs are held with the same ISA provider, the same date must be used for the calculation of the APS; it can't be calculated on a combination of the balance at the date of death for some ISAs and the balance at the time of the three events listed above for others.

You can choose which date to use for the calculation of the APS. If you choose the balance as at the date, you cannot later ask for the APS to be calculated on one of the three events above.

If your spouse/civil partner died between 3 December 2014 and 5 April 2018, your APS allowance will be their ISA balance at the date of their death.

Visit your local branch for further information and to open this account.

Branch finder

This account can be opened by post, download the paper application form below and return with your cheque to the address shown.

Return your form to:

Customer Delivery
Skipton Building Society
The Bailey
North Yorkshire
BD23 1DN

Financial Services Compensation Scheme

Your eligible deposits with Skipton Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.

Learn more about the FSCS

FSCS - Protecting Your Money
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