7 CommentsLeave a comment

  • I will definitely look into that retirement annuity for my child

    Thanks Maya you guide and information to some of us is everything.

  • I have open my little sister a tax free savings account she is only 12 years and I’m hoping to give her the account when she turns 18,
    My daughter is 2 years when I opened two accounts trust account and tfsa account for her.

    I want to do more but I don’t know how

  • You could also consider starting a retirement annuity for your children. You would contribute as and when you can afford to. When they turn 18 they have the option to continue the contributions, or at any stage when they start their first job. Even if they didn’t continue the contributions, compounded growth until they reach 55 means a great legacy as well as a nice top up to their own retirement savings.

Leave a Reply

Your email address will not be published. Required fields are marked *

Join the Maya on Money weekly newsletter

Join the Maya on Money weekly newsletter

For updates that impact your day-to-day money decisions.

You have Successfully subscribed. Please check your inbox to verify your subscription.