Story perspectives

Financial Strain: Nearly 1 Million Junior ISAs Unfunded

2/12/2026

Summary

Story summary

Nearly one million Junior ISA accounts received no new funds in the 2023-24 year, per HM Revenue and Customs data analyzed by Nottingham Building Society, up from 869,000 previously.
The total number of Junior ISAs rose to 2,367,000, but the share with no contributions rose faster.
About 73% of accounts had less than £500 deposited.
Harriet Guevara from Nottingham Building Society notes that financial pressures hinder contributions and calls for support for saving for children's futures.

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Story summary

Nearly one million Junior ISA accounts received no new funds in the 2023-24 year, per HM Revenue and Customs data analyzed by Nottingham Building Society, up from 869,000 previously.
The total number of Junior ISAs rose to 2,367,000, but the share with no contributions rose faster.
About 73% of accounts had less than £500 deposited.
Harriet Guevara from Nottingham Building Society notes that financial pressures hinder contributions and calls for support for saving for children's futures.