Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Education fund for new born?

  • 04-02-2019 3:04pm
    #1
    Neighsayer
    Registered Users Posts: 64 ✭✭


    My first grandchild is due soon and I'm planning to give a gift of around €10K. I was thinking of putting this in some kind of education fund but I haven't the slightest clue if such a thing exists or is possible or indeed advisable. Any advice or suggestions would be welcome.


Comments

  • #2
    gareth_c
    Registered Users Posts: 40 ✭gareth_c


    I've been looking into this recently and the only option at top of my list is for Prize Bonds

    https://www.statesavings.ie/prize-bonds

    Be interested in others views and opinions?


  • #3
    davo2001
    Registered Users, Registered Users 2 Posts: 3,319 ✭✭✭davo2001


    Can I be your grandchild? :pac:


  • #4
    wildwillow
    Registered Users, Registered Users 2 Posts: 1,179 ✭✭✭wildwillow


    You are better off using the €3000 annual gift as then it doesn't count as a gift with the possibility of a tax charge. I give this to my two grandchildren each year as a tax planning excersise.


  • #5
    Neighsayer
    Registered Users Posts: 64 ✭✭Neighsayer


    davo2001 wrote: »
    Can I be your grandchild? :pac:
    Who knows, you may well be :D


Advertisement