@danmalonemoney: Afraid of gift tax ruining your child’s investment fund? Don't be. 🛑👇 One of the biggest misconceptions Irish parents have is that they need a special children's account or that Revenue will hit them with gift tax for setting money aside. Revenue doesn't care whose name is on the account - they care about clear documentation. Here is how to set up an investment fund for your child cleanly and tax-free: 1️⃣ Open a Separate Account: Create a new investment account in your own name solely dedicated to your child's money. Never mix your personal investments with gifted funds. 2️⃣ Document the Transfers: Set up a €140 monthly transfer and write a reference note like Gift for [Your Child] from [Whoever]. 3️⃣ Stay Under the Threshold: €140/month equals €1,680 per year - well under the €3,000 Small Gift Exemption per parent, per year. Result? Zero gift tax. 4️⃣ Transfer at 19: When you hand over the funds in the future, your child only pays tax on the investment gains. No complex legal structures or specialized accounts needed - just clean tracking. 💡 💬 Comment GIFT below and I’ll send you the full step-by-step setup guide straight to your DMs! When investing, your capital is at risk and you may get less back than invested. Past performance doesn't guarantee future results.

Dan Malone

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Region: ZA

Friday 09 October 2026 12:00:00 GMT