Nearly one million Junior ISA accounts received no new funds in the 2023-24 financial year, new figures from HM Revenue and Customs (HMRC) reveal, highlighting the ongoing impact of the cost-of-living crisis on families.
An analysis of the HMRC data, conducted by Nottingham Building Society following a freedom of information request, found that approximately 967,000 Junior ISAs (JISAs) saw no contributions during the year.
