Hi there,
As per the title say, I’m wondering which options is best for the kids. My oldest got a NISA with a bit of money in and we can’t do anything with it anymore, except let it grow. My youngest was born “too late” and she doesn’t have an account.
If I open a brokerage account for the youngest, her gains will be taxed. We are considering filling up our own NISA (as we don’t have the finance to fill up NISA every years) first and foremost and gift some money to the kids when they need it.
Anyone have any input as to which strategy is best please?
by Femtow