Thinking of putting away a lump sum of 1000 euros each for my 2 babies. We are emmigrating so was thinking of leaving the money in Ireland for them until they were 21 where they could then access the money and use the funds for a deposit. What are the options available and how much would 1000 euros be in 21 years, given an interest rate of say 4-8% on avarage. Would a managed fund be the best for the long term or would the fees eat away any profit. Also the children would be non resident for tax when they are old enough as we will probably still be overseas.
Appreciate any comments
Appreciate any comments