Search results

As often is the case with these strategies, it's better than nothing, but you can do better. If that's the only strategy you have, then it's worth doing only because the alternative is worse.

'Here's some money. You can't touch it for another 50 years.' Don't see much value there. Surely it would be easier just to include the child as a beneficiary on a family trust, use their tax free threshold of about 3k a year, then when they're 18 pay out the loan from the family trust.