APS

What does APS stand for?
Additional Potential Standard
Additional Permitted Subscription
Allowance Potential Sum
Another Prescribed Subscription
How long does a spouse have to use up the APS allowance from date of death?
1 Year
2 Years
3 Years
4 Years
What forms are needed to open a legacy ISA with us and transfer in an allowance from another provider?
Legacy ISA App & APS Paying in form
APS Transfer Authority Form & Paying in Form
Legacy ISA App only
Legacy ISA App & APS Transfer Authority Form
Can customer deposit their personal £20k allowance into a Legacy ISA
Yes
No
Spouse of deceased opens a Legacy ISA with us and transfers their allowance of 50k to us before adding 25k into the account. They then decide to move it to a normal cash ISA. Would this effect their APS allowance?
The customer would lose the 25k allowance they had remaining and would not be able to use it.
The customer could pay in the 25k APS allowance into the cash ISA.
The customer would not lose the APS allowance but would have to open a new Legacy ISA to pay in the remaining.
The customer can pay in 50k into the new ISA.
What figure is the surviving spouse eligible to deposit into a Legacy ISA.
The balance of deceased ISAs at the date of death
The balance when they closed the deceased ISA including any extra interest accrued after death
£20k a year
However much they want just can't go over product limit of 1 million
If a customer opens a legacy ISA but wants to pay in £1000 a month until they hit the max allowance, what paperwork is needed with each extra £1000 Payment
Legacy App form each time
APS TAF each time
APS Paying in form each time
They dont need any paperwork
A customer opens a legacy ISA product and pays in the full allowance. They want to siwtch it to a on sale 5 years fixed ISA. Can they do it and what paperwork would they need if so?
Yes, can request over the phone and we can send a workflow for the product switch
Yes, they would need to complete a ISA Amal/ Reval form and send to us
Yes, they need to complete an ISA application form and ask for funds to be moved over
No, they can't do this
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