Why not allow joint ISAs?

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? 🙂

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