Tax Efficient Route to College Fund

di11on

Hi folks,

I'm semi self-employed (I have a part time PAYE job and a business (limited company)).

I want to set up a college fund for each of my kids. I would want it to mature in perhaps 5-8 years time.

What is the most tax efficient way to do this? In the next couple of years I reckon the business would make above what we'd need to live on and I would like to use this surplus to set up this fund if it would be possible.

I assume that putting the money into a pension fund wouldn't really work because by the time I retire, it will be no use to my kids.

Anyone any suggestions?

Thanks in advance

DubTony

I'd say you're on the wrong forum for this. Probably the wrong site. Go to that site where they might ask you about your money.
But I have a feeling trust fund might be in the answer.

(I'm not doing ALL the work for you ).

AW - OK, I did

http://www.moore.ie/create-a-tax-free-trust-fund-for-your-children/

di11on

Thanks for this - I've headed on over!