Hello all,
currently we are saving the children's allowance for our 2 children in the credit union as a fund for when they are of college age.
Will there be a tax implication to this when they reach 18 and need the fund ?
and crucially would we be better off investing in a Zurich type fund that makes gains on the money as investing for potentially 13-15 years
Thanks
B
currently we are saving the children's allowance for our 2 children in the credit union as a fund for when they are of college age.
Will there be a tax implication to this when they reach 18 and need the fund ?
and crucially would we be better off investing in a Zurich type fund that makes gains on the money as investing for potentially 13-15 years
Thanks
B