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Super contribution. What I am still missing, however, are possible disadvantages: If the deposit is in the child's name, you can not simply take the money from the deposit if you yourself get into a financial emergency, for example. If the child later takes a "direction" with which you as parents are absolutely not satisfied, you can unfortunately not do. At 18, the child can decide for himself what to do with it. If it puts everything into a vacation or a car one cannot do anything against it. If one is divorced as parents, not one parent can open a depot for his child. The other parent always has a custody account power of attorney. That was one of the reasons why I opened the custody account for my child in my name. Personally, I would like to decide for myself when (and if) my child gets the custody account transferred. That's why I decided to open a custody account in my name for both of my children and save the A2PKXG (FTSE All World Thesaurierer) there.
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âąDeleted User
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@six that is certainly a point not to be neglected if you have no confidence in your offspring and their upbringing đ Mainly, the article is about the possible tax savings. If you put the money in your own name for your kids these are just not a given and then it would be an 08/15 "ETF savings plans are great" article. But in any case, maximally legitimate to do it in your own name and forgo the tax benefits if you have such fears. Thanks for the insight!
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@freakyfinance I think something like that can happen with the best upbringing. Especially if a child lives with the other parent, for example, and may also be taught other values. My only concern was that you may also have something like this in mind before "saving taxes". Because so under circumstances at the end of the whole savings is perhaps gone / is hit on the head. I have personally chosen the way with the deposit in my name (for the reasons already mentioned above).
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âą@six as I said completely legitimate. And thanks for the additions
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âąExactly for the same reason I have not created a deposit directly for the child and just wanted to ask here whether it is possible to invest it directly for the child but still be able to influence the payout somehow. I would find it better, for example, if my child could dispose of it only with about 22-25 years, because then the times of the blue-eyed stupidity are often already over.
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