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Paying Inheritance Tax using the deceased's National Savings

If the deceased had National Savings investments - such as Premium Bonds or Guaranteed Income Bonds - you can use these to pay any Inheritance Tax due on their estate.

On this page:

What are National Savings investments?

There are many different types of National Savings products, including:

  • National Savings Bank accounts
  • National Savings Certificates
  • National Savings ISAs (Investment Savings Accounts)
  • Guaranteed Income Bonds
  • Premium Bonds

Find a full list of products on the National Savings & Investments website (Opens new window)

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How do I find out what the investments are worth?

National Savings & Investments will be able to tell you the value of each type of investment. Contact them, giving the date on which the person died, and ask them for a letter stating:

  • the value of the deceased's National Savings investments at the date of death
  • the National Savings reference

This is what you’ll need to send to HM Revenue & Customs (HMRC) with your Inheritance Tax forms to pay any Inheritance Tax due.

Different offices deal with the different kinds of investment, so make sure you write to the correct office. Contact details are on the National Savings & Investments website.

National Savings & Investments contact details (Opens new window)

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How to pay using National Savings Investments

It can take up to four weeks for the money to be transferred to HMRC, so this is not the best method to use if the grant of probate (or confirmation in Scotland) is needed urgently.

How to make an Inheritance Tax payment using National Savings investments

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More help?

Contact the Probate and Inheritance Tax Helpline

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More useful links

Find out about other ways to fund an Inheritance Tax payment

How to value the estate of someone who has died

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