What to do on the death of an investor

You don’t need to make any decisions about Artemis investments held until you are ready to, but when you are, we are here to support you.

We understand that this is a difficult time so if you would rather speak to us, please call us on 0800 092 2051 and we can talk you through the process.

Step 1: Notify us

When we are notified of a bereavement of an investor, we will take some details from the notifier and ask them to send an original or certified copy of a death certificate.

Please send the death certificate along with a covering letter to Artemis Fund Managers Limited, Sunderland, SR43 4BH.

The covering letter should include:

• the deceased investor’s full name
• address
• date of birth
• Artemis investment Party/Plan number/s*
• name and address of the individual sending the death certificate
• the address the death certificate should be sent back to

* Party / Plan numbers

• Party Number: this is allocated to an investor when they first invest with us and is used to identify an individual. It will appear in the format 80** ****.
• Plan Numbers (also referred to as account numbers): these differ from Party Numbers as they are identifiers for accounts, rather than an individual. A Plan number will will appear in the format 60** ****.

You can find both the Party Number and Plan number on any correspondence that we send .

Step 2: We will update Artemis’ records

Upon receipt of the original death certificate, we will update our records accordingly to acknowledge that the investor has died.

We will return the death certificate to the address provided by recorded delivery within 2-3 working days.

Step 3: We will transfer the investor’s investments

Should the holding at the date of death be less than £30,000 and Probate is not being sought, please complete a Small Estates Form (available on the HMRC website) and send it to us, along with the original/certified copy of the deceased' will.

If the holding at the date of death is £30,000 or above, the Executor must provide an original or court-sealed copy of the Grant of Probate, which should be sent to us.

Types of investments

Artemis offers two types of investment accounts, which will be treated as follows:

Non-ISA investments

The investor’s non-ISA investments will be transferred to either the personal representatives or, as instructed by the person who is the notifier of the death of the investor, after probate has been granted and proven or if the deceased investor holds a joint account, the investments will be transferred to the surviving holder.

The total value of all investments held with Artemis will form part of the estate for Inheritance Tax purposes.

ISA investments

If an Individual Savings Account (ISA) is held, the tax-free status will continue to benefit from the ISA tax advantages until the earlier of (1) the completion of the administration of the estate, (2) the closure of the account or (3) the third anniversary of the date of death.

However, when an ISA holder dies, the spouse or partner of the deceased is entitled to an extra ISA allowance equal to the value of the ISA(s) held by his/her spouse or partner, even if they don’t inherit the cash or assets in the ISA.

This allowance is called the Additional Permitted Subscription (APS) allowance and is in addition to the deceased's spouse or partner's annual ISA allowance.

This information is intended to provide you with help and guidance about investing generally and about investing with Artemis. It is not a marketing communication and should not be used to make investment decisions. You should always refer to the relevant fund prospectus and KIID/KID before making any final investment decisions.

Artemis does not provide investment advice on the advantages or suitability of its products and no information provided should be viewed in this way. Should you be unsure about the suitability of an investment, you should consult a suitably qualified professional adviser.