Are you planning some type of tax dodge ?
I'm sure if you have so much money that the interim expenses (school, clothing, food, car, the trip around the world!!) are well covered, you probably have enough money the get a good tax advisor who could help you
Surely you first start by planning for her education or a house - seems mad to be thinking of something she won't be able to access until she's 65.
Plus (I'm no expert) if she doesn't pay tax, how would she get the tax releif?
I'm sure if you have so much money that the interim expenses (school, clothing, food, car, the trip around the world!!) are well covered, you probably have enough money the get a good tax advisor who could help you
Can you answer the OPs question?
It's possible in the UK to do it with a 'Stakeholder' Pension. The equivalent product here would be a PRSA. See here
I'm open to correction on this but, at the moment, it is not possible to do it here as all pension providers impose an 'eligibility' age of 18. I am not sure how Revenue would view it in terms of tax treatment.
There is no age restriction determined in the PRSA legislation.
Perhaps, if the tax relief system was changed to something like that in the UK ie 25p for every £1 invested up to a certain limit, things might change.
GS
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