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Educational Planning - as a gift

180

Posts

EW NEWBIE

Latest post on 14 February 2011 - 16:21

Hi All

I am looking for an inspirational gift for my nephew's christening, I was wondering if anybody has ever considered or even taken out an educational plan - savings plan for child's education or university? I have heard of this, don't know much about it - but thought it sounded like a great thing to do - or I could even invest in a wine farm or something ... any thoughts would be greatly appreciated. TIA

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26

Posts

EW NEWBIE

Latest post on 16 February 2011 - 15:59

Wow this does sound like a wonderful idea - any ideas on who you can speak to in Dubai about this, I would love to set something up for my kids - if possible?

5400

Posts

EW MASTER

Latest post on 15 February 2011 - 11:50

Yebo, just wanted to add I think that's a brilliant idea for a gift. If you can't do Francie's suggestion, you could perhaps get some sort of insurance (or pension?) policy which matures on your nephew's 18th birthday? I know my brother took out several 10 year savings policies in England which have been maturing at different dates and have been very useful to him in paying various costs for his sons. I'm sorry, I don't know much about it. We have been saving on a life insurance policy for dorter's education since she was born, but it will only be worth the amount we have saved every year when it matures, being in Switzerland and it won't be sufficient for her higher education. Ah well, at least we haven't squandered it :)

232

Posts

EW NEWBIE

Latest post on 15 February 2011 - 11:40

Hi All I am looking for an inspirational gift for my nephew's christening, I was wondering if anybody has ever considered or even taken out an educational plan - savings plan for child's education or university? I have heard of this, don't know much about it - but thought it sounded like a great thing to do - or I could even invest in a wine farm or something ... any thoughts would be greatly appreciated. TIA what a fabulous idea, so thoughtful... ps: if you want to invest in a vinyard then I'd be happy to be the beneficiary...lol

FrancieBrady34846

102

Posts

EW NEWBIE

Latest post on 15 February 2011 - 11:05

We are looking at setting one up for our nieces in the US--a 529 college savings plan. We established one for our son when he was born. I think it is only applicable to US citizens. I don't know if that applies to you or the nephew. See http://www.collegesavings.org/index.aspx for info.

180

Posts

EW NEWBIE

Latest post on 15 February 2011 - 10:53

Thanks guys. Is this something you have ever looked into?

2322

Posts

EW EXPERT

Latest post on 14 February 2011 - 17:33

trust fund for tertiary education or the like....AWESOME gift.

500

Posts

EW GURU

Latest post on 14 February 2011 - 17:24

Education Savings Account......great gift

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