Do you want to give your child a head start in life when they turn 18? Aviva's Children's Savings Investment Trust could be what you're looking for. This product provides a tax-efficient way to save up to €3,000 for each child (or €6,000 for a couple) each year.
Watch our short video below for more on Aviva's Children's Savings Investment Trust.
Transcript for video Dave O'Donovan, One Minute Pitch. Children's Savings Investment Trust.
Your time starts now.
What is the small gift exemption?
This allows you to gift up to €3,000 tax free to any child, grandchild or any other person in a calendar year.
How can I avail of this exemption?
Aviva has a regular savings plan called the Aviva Children's Investment Trust. This plan enables you to use this allowance for beneficiaries under 18 years of age.
Can you tell me more about this product?
You can save from as little as €100 per month. There is a choice of funds with differing risk profiles, thereby giving your beneficiaries money the potential to outperform bank deposits and inflation over the long term.
Who owns the policy?
The beneficial owner of the plan is the child. They can access the funds from 18 years of age.
In the meantime, trustees will manage the policy and the fund selection on their behalf.
Who should invest in this product?
This product may be suitable for parents or other relatives, such as grandparents are godparents who may wish to save for a child's future.
Dave, your time is up.
For more information, talk to your financial broker or visit Aviva.ie.
- Invest from as little as €100 per month.
- Thanks to our range of investment options, you have control over how you invest in the Aviva Children's Savings Investment Trust. Whether you're new to investing or more experienced, there's an option for you. These investment options include our popular Multi-Asset ESG Funds.
- You can change your investment choice throughout the policy.
- Money in the Aviva Children's Savings Investment Trust is the child's, not the parent's (or another contributor such as a grandparent).
- This product may be suitable for parents and relatives such as grandparents and godparents who would like to put money aside for a child’s future.
Download the Children Savings Investment Trust Customer Guide to learn more.
