Silo Gift is a new feature that allows friends and family to directly contribute cash into a Junior ISA (JISA) or Child Trust Fund (CTF).
Gifters with a Silo account can take advantage of setting up regular weekly, monthly or yearly contributions, link multiple beneficiaries, view previous gifting activity, and sent messages.
As an alternative to a toy or game, grandparents, godparents, aunts, uncles, family and friends can directly contribute into a child’s Junior ISA or Child Trust Fund.
Yes – Silo connects to your bank via Truelayer, an open banking, secure payments provider regulated by the Financial Conduct Authority (FCA).
No, simply click the Unique Gift Link you were sent and follow the onscreen instructions.
The maximum you can gift depends on how much remaining balance you have in the JISA or CTF account. This information can be accessed on the first page from the gifting link under the title ‘Remaining Allowance’.
Yes, you can set up a regular Gift by creating a Silo account. Gifters with a Silo account can take advantage of setting up regular weekly, monthly or yearly contributions, link multiple beneficiaries, view previous gifting activity, and send messages.
Yes, you can add a personal message with your Gift. Simply follow the instructions and enter a personal message under ‘Your message’.
GBP
You can contact our support team via email at [email protected]
Please remember that we are an investment company and as is the very nature of investing, there are inherent risks. The value of your investments can both rise and fall over time and you cannot assume that past performance will repeat itself. You must be comfortable in the knowledge that you may receive less than you originally invested. The tax treatment of your investments with Silo will depend entirely on your individual circumstances and may be subject to change, so please do seek advice.
© 2021 Killik & Co. Silo is a trading name of Killik Intelligent Savings Limited, licensed to Killik & Co LLP. All rights reserved. Killik & Co LLP is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No OC325132 Part of the Killik & Co Group. 46 Grosvenor Street, London W1k 3HN
Please remember that we are an investment company and as is the very nature of investing, there are inherent risks. The value of your investments can both rise and fall over time and you cannot assume that past performance will repeat itself. You must be comfortable in the knowledge that you may receive less than you originally invested. The tax treatment of your investments with Silo will depend entirely on your individual circumstances and may be subject to change, so please do seek advice.
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