So I’ve been looking at money again lately, and I’m left wondering why joint ISAs aren’t allowed. And yes, before some smart arse points it out, I know that the I in ISA stands for individual.
I don’t know about other couples, but what my wife and I have is an ISA each which we fill up each year. So instead of one account we have two. As far as I can see there is no difference between this and a joint ISA; the tax benefits are identical. In fact, it means there’s a whole load of additional accounts which wouldn’t exist if joint ISAs were allowed.
I therefore put forth the idea for a JSA. A Joint Savings Account, with two holders, two NI numbers, and twice the benefits of an ISA.
Who’s with me? 🙂