If you have a new account but are having problems posting or verifying your account, please email us on [email protected] 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 [email protected]

What type of account to set up for a Youngster in Ireland?

  • 30-03-2019 1:59pm
    Registered Users Posts: 3

    Hi all,

    I'm thinking of starting up a brokerage account for a younger member of my family.

    They're only 7 years old at the moment, but I want to get an account set up & invest in some stocks / index funds, etc. for them with the long term in mind.

    The plan is to put a lump sum in now, and then periodically invest a bit more, as well as re-investing any dividends that are returned.

    I'm just wondering what is the most efficient type of account I can set up for them, which broker to use, etc.?

    I'm still new to the world of investing myself, so I'm not entirely sure what I should be looking for.

    Here's what's on my mind at the moment regarding this:

    - Tax:
    What would the most tax-efficient type of account?
    So when they do decide to take out dividends or whatever, that they're not stung badly.

    - Fees:
    Same as above tbh :)

    I'm sure there are some other aspects that I'm not aware of, so I'd be more than thankful if anyone could provide some more info or insight. Thanks a lot in advance!