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Education fund for new born?

  • 04-02-2019 2:04pm
    #1
    Neighsayer
    Registered Users, Registered Users 2 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, Registered Users 2 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: 3,323 ✭✭✭davo2001


    Can I be your grandchild? :pac:


  • #4
    wildwillow
    Registered Users, Registered Users 2 Posts: 1,221 ✭✭✭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, Registered Users 2 Posts: 64 ✭✭Neighsayer


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


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