Young investors are driving an increase in stocks and shares ISAs, new data from Moneybox has revealed.
According to the wealth management platform, there was a 27% increase in the number of stocks and shares ISAs opened in the 2024/25 tax year, compared to the 2023/24 tax year.
Those aged 25 to 30 were most likely to open a new stocks and shares ISA, accounting for 27% of accounts opened. This was followed by under-25s (21%).
In comparison, 30–35-year-olds accounted for 16% of new accounts, while just over one in 10 (11%) of 35–40-year-olds opened an account.
Those least likely to have opened a new account were aged 40 to 45 (8%), the data showed.
Moneybox said there was also a significant increase of 75% in the average stocks and shares ISA deposit and by April 2025, 6,271 users had maxed out their stocks and shares ISA.
Brian Byrnes, director of personal finance at Moneybox, said: “Whilst investing can sometimes feel out of reach or complex, the stocks & shares ISA stands out as an entry point for people across the country to start building long-term wealth. What’s particularly striking is the momentum we’re seeing in our own data, with young investors leading a cultural shift towards investing and taking greater control of their financial futures.
“With the Government’s retail investing campaign and Targeted Support due to kick off in April, we expect to see this trend continue as more and more people are given the guidance and support they need to begin their investing journey with confidence. The Government has grand ambitions, and if well executed in partnership with industry, they could usher in a positive change to financial habits in the UK.”
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