Investing Child Allowance 児童手当 money

Hello all, I have been receiving 児童手当 from my city office every 6months into my bank account.

So, Planning to invest this money into my wife’s NISA account since Junior NISA was stopped so don’t like to invest in my kid’s account due to no tax free benefits.

My question is,
Does it count under gift tax, If I invest this money on my wife’s NISA account?

If yes, is there any efficient way to invest this money?

Note: Im having an Engineer VISA, wife and 1 kid are having dependent VISA.

Thank you in advance..!

by ardcanand

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