Description
With many grandparents wanting to help their families financially, particularly in the area of school fees, this article discusses two ways this could be done. It uses a case study to explain the potential financial differences.
Introduction
Many grandparents want to give their grandchildren a head start in life, and a common way to do so is to help by paying some (or all) of their school fees. This can, of course, simply be done by making a contribution at the time the fees are payable. However, it’s not unusual for grandparents to plan ahead by setting funds aside in a specific account. That is one option, but there might be a better one.
To download and use this content, make sure you're logged in to the Library then hit the Download button.
No login details? Register here for full access.
