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Useful information

ISA

Getting started with your cash ISA

Savings AccountDescriptionManage AccountSave From
Cash ISAGet the benefit of tax-free savingsATM, Internet, Phone, Branch£1View & Apply

Making the most of your cash ISA

ISA Limits

The overall ISA allowance for the 2015/2016 tax year is £15,240. With this limit you can save:

  • Up to £15,240 in a cash ISA,
  • Up to £15,240 in a stocks and shares ISA or
  • A combination of £15,240 between one cash ISA and one stocks and shares ISA of your choosing.

Transferring your ISA

If you have a ISA with another provider, you can make it easier to manage your ISAs by transfering them to Ulster Bank. To help you do this, we have a simple transfer process that safeguards your tax-free entitlemnt. Tax-free interest means that interest payable is exempt from UK income tax. Please see our Transferring your ISA section for further information.

Reactivating your cash ISA

If you haven’t deposited money into your cash ISA for a full tax year, and you want to pay into it again, you need to reactivate your account. To help you do this, please complete the ISA re-activation form.

ISA Inheritance Allowance

If your spouse or civil partner died from 3rd December 2014 onwards and held an ISA, you can apply to receive an additional ISA allowance up to the value of the deceased’s ISA savings at the time of death. This is called ‘Additional Permitted subscription’ which is referred to as APS.

Please note, this is not inheriting the actual money in the ISA. It is inheriting an allowance that equals the balance (including all interest) on the date of death.

To apply, please print, complete and return this form to:

Ulster Bank Limited,
Central Tax Unit,
Danesfort,
Stranmillis Road,
Belfast
BT9 5UB

We will check the information provided and write to you within 30 days with your exact entitlement along with details of how to fund your own cash ISA. Please do not fund yourself outside of this process as it will result in your normal annual ISA allowance being used rather than your APS allowance.

Apply online
OR

Call 0800 046 6486
to apply

Lines are open:
8.30am - 7.30pm Monday and Friday
8.30am - 9pm Tuesday, Wednesday and Thursday. (excl. bank holidays).

Calls may be recorded.

OR