Number of maximised JISA accounts reaches post-pandemic high

Figures obtained from HM Revenue & Customs (HMRC) by Murphy Wealth, through a freedom of information request, showed the 2023/24 tally was a 41% increase on the low of 2020/21 and a 9% increase on 2022/23. The wealth manager said the trend pointed to an increasing number of families looking to pass on wealth to their children more quickly. It added that almost 80% of maximised JISA accounts were stocks and shares, indicating a "very different approach to how adults use their own subscriptions". Number of JISA accounts maximising their allowance by tax year Tax Year Numbe...