One of my children just started work.
Under 18 and we're encouraging savings to benefit from compounding. We're trying to Instill the habit.
We are debating the optimum bank, cu, an post savings accounts then it occurred to me that perhaps starting a pension immediately and benefiting from tax free contributions straight away.
Is this doable for u18's?
Any advice or experiences are appreciated.
Under 18 and we're encouraging savings to benefit from compounding. We're trying to Instill the habit.
We are debating the optimum bank, cu, an post savings accounts then it occurred to me that perhaps starting a pension immediately and benefiting from tax free contributions straight away.
Is this doable for u18's?
Any advice or experiences are appreciated.