If you are interested in investing for your children\u2019s future education, a good way to achieve this is with exchange-traded funds (ETF). It is best advised to have a balanced portfolio spread over multiple asset classes so as to reduce volatility and enhance performance potential. You should consider the following points when setting up education accounts for your children:<\/p>\n
THIRD-PARTY ACCOUNTS<\/strong> The use of an \u201cinvestment platform\u201d should be considered. These platforms allow for multi-ETF investments where charges are \u201cbulked\u201d rather than being charged per investment, this can save a great deal.<\/p>\n
\nSet up separate third-party accounts for each child. You will have control over the investment until your child reaches a majority age of 18 or more, when control of the investment will be turned over to them. As the investment will have always been in their name, the transfer will not trigger transaction or taxation fees.<\/p>\n