Hugh Lambert No Comments

From experience of setting up monthly investment plans, most people set them up to be used as money for either children or nieces or nephews.

The likelihood is that most people will need to avail of money for education or for housing and also the other side of that I’ve seen that put a strain on people’s finances trying to find the money for mainly on education from what I’ve seen.

No alt text provided for this image

So most people will take a long-term view, 10 to 20 years, and invest on a monthly basis between €140 and €250 a month.

€140 is a basic level of child benefit and €250 a month, which is three grand a year, will avail fully of the small gift allowance which should allow for a tax free inheritance.

When you’re looking at a time frame of 10 to 20 years you’ve got the greatest chance of positive investment returns as well.

If you found this article helpful and would like to learn more about your financial planning options for your children, please comment below, share with your network or tag a friend who might benefit from this information!

Feel free to connect and start a conversation or contact me directly at +353 (87) 778 5325☎️

Leave a Reply

Your email address will not be published. Required fields are marked *