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Legacy Cash ISA Issue 12

3.80% tax-free pa/AER variable
(Annual Interest)

Ready to apply?

This account might be right for you if:

  • your spouse or civil partner had savings in ISAs and either died in the last three years, or if earlier, it’s less than 180 days since the administration of their estate was completed
  • you want to keep any tax-free entitlements they’d built up, known as an Additional Permitted Subscription (APS)
  • you would like easy access to your money.

Summary Box

Account name Legacy Cash ISA Issue 12 (Additional Permitted Subscriptions only)
What is the interest rate?
Annual Interest 3.80% tax-free pa/AER
  • This account earns interest daily. Annual interest is added to the account on 5 April. There is no monthly interest option available.
  • If you ask us to pay interest to a different account, we’ll pay it on the first working day after the day we’d have added it to this account. Working days exclude Saturday, Sunday and bank holidays.
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 8 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 in advance if we intend to reduce 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 £1,038 assuming that:
    • the account is opened with £1,000 paid in by internal transfer and it starts earning interest straight away
    • no further deposits or withdrawals are made
    • the interest is paid annually
    • the interest is added to this account
    • there is no change to the interest rates stated.
  • Estimated balances are for illustrative purposes only. They may be less for accounts opened by cheque, because interest won’t be earned until your account receives the deposit.
How do I open and manage my account?
  • This account is available to UK residents aged 16 or over.
  • You can open and manage it in branch or by post.
  • You must be the surviving spouse or civil partner of a person who held an ISA.
  • You can pay money into the account once we’ve received the APS eligibility declaration from your deceased spouse or civil partner’s ISA provider.
  • You must apply for the 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 three months of opening, we’ll cancel the account.
  • Once the account is open, you can pay in until three years after the date your spouse or civil partner died, or up to 180 days after the administration of the estate is complete, whichever is later.
  • The minimum opening and operating balance for this account is £1. You must keep at least this amount in the account at all times.
  • You can pay in up to your APS allowance, subject to a maximum account balance of £1 million.
  • You can’t transfer in any of your own ISA savings or pay in any of your own ISA allowance for the current tax year.
  • Any money paid into the Legacy Cash ISA will be treated as your previous years’ ISA subscriptions. It will count towards your APS allowance but not your current tax year ISA allowance.
  • Joint accounts aren’t allowed.
Can I withdraw money?
  • Yes, you can withdraw in branch or by post, subject to the £1 minimum operating balance. The minimum withdrawal amount is £1. You can also transfer it to another ISA provider.
  • This account is flexible, so you can withdraw money and put it back without affecting your APS allowance, as long as it’s done in the same tax year and the account is still open.
  • If you withdraw by electronic payment this must be made to a UK bank or building society account in your own name. We won’t make an electronic payment to any other type of account.
  • You don’t need to give us notice before you withdraw and there are no penalties.
Additional information
  • The Annual Equivalent Rate (AER) shows what the interest rate would be if interest was paid and added each year.
  • 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.

Before you apply

Proving your Identity

  • You will need your National Insurance number when applying for this account.

If you are not an existing customer of the Society, we will require identification to open the account. If you're opening your account in branch, please bring proof of ID as set out in our Proving your identity [PDF] document.

If you’re 18 or over and on the electoral roll for your current address we may be able to verify your identification electronically, to do this please call us on 0345 608 0783 and we’ll let you know straight away if you’ve passed our checks. If we can’t verify your identity electronically, or if you're under 18, you’ll need to provide us with proof of ID as set out in our Proving your identity [PDF] document.

Terms and Conditions

It is important that you read the 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.

Application forms

APS rules allow the APS allowance 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 one of three events listed above for others.

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

How to apply


If you'd like to open your account in branch, please contact your local branch to arrange an appointment.


Return your application form and cheque to:

Customer Delivery
Skipton Building Society
The Bailey
BD23 1DN

If you are not satisfied with our services we have an internal complaints procedure. For more information please call us on 0345 608 0783, 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.

You're protected up to £85,000

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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