Frequently Asked Questions


Here are the answers to the questions we’re most commonly asked.

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What is a JISA?

A JISA (or Junior ISA) allows you to save up to £9,000 a year for your child’s future in a tax-efficient way.

There are two types of JISA’s:

A Stocks & Shares JISA which invests in financial markets. No tax is paid on any returns or dividends received.

A Cash JISA is a tax-free savings account that earns interest. Silo does not offer a Cash JISA.

Anything saved into a JISA belongs to your child, however they will only get full access to it once they turn 18, at which time it converts into a regular Stocks & Shares ISA.