Approach for gifting children the annual exemption?

[DublinHead54]

Hi,

I'd like to utilise the annual CAT exemption of 3k to invest on behalf of my children. My children are both under 3 years, and I'd like to start setting some money aside for them and get exposure to the stock market to provide for their future when they reach 20.

I've looked at the Zurich child savings fund, but unsure if this is going to be too expensive at 1.75% to 2.75% annual fee plus 1.55% entry fees.

Child Savings Account | Saving For Children's Future | Zurich

Child Savings Plus from Zurich is a child Regular Savings Plan suitable for parents or god-parents who want to save for their children's future.

www.zurich.ie

Are there other options, or is it limited as the account needs to be in the name of the child?

 

[RedOnion]

Any of the life companies offer similar usually with a 'bare trust' in place. You should fine a few threads covering it.

Personally, mine is with New Ireland, and I reduced the fees by putting in a small lump sum at the start (I think it was c.7k) Standard life was another I looked at.

Go through a broker. They'll get as good a deal as going direct, but they look at more than 1 provider.

 

[DublinHead54]

Any of the life companies offer similar usually with a 'bare trust' in place. You should fine a few threads covering it.

Personally, mine is with New Ireland, and I reduced the fees by putting in a small lump sum at the start (I think it was c.7k) Standard life was another I looked at.

Go through a broker. They'll get as good a deal as going direct, but they look at more than 1 provider.

Thanks, not come across these type of brokers before, any recommendations?

I'll be investing fairly modest amount on a recurring basis.