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Everything below is set up for you by your own senior advisor.
Or Freephone 1800 808 808 and a senior advisor takes it from there.
Put money aside every month for a child or grandchild, invested for the years until they need it. We compare every main Irish provider and set the plan up so the gift tax rules work in your favour.
Who it is for, how much a month and when they will need it. Two minutes, then a senior advisor is in touch with the options.
Tax relief, contribution limits and the right plan differ between the three.
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A children's savings plan is a regular savings plan with an Irish life company, set up for a child, grandchild or godchild. Each month your payment, less the 1% government levy, is invested in funds matched to the years until the money is needed.
Most people save with a goal in mind: college, a first car, a deposit on a first home. A plan like this works best over five years or more, and starting when a child is born gives it 18 years.
Revenue lets anyone give anyone gifts of up to €3,000 in a calendar year with no Capital Acquisitions Tax. Each parent can give €3,000 to a child every year, so two parents can give €6,000. Grandparents can each give €3,000 too.
Gifts within the exemption do not count against the child's lifetime threshold for gifts from their parents, which Budget 2027 raised to €420,000 for gifts taken on or after 7 October 2026. In Revenue's own example, two parents giving €3,000 each a year for 10 years pass on €60,000 with no gift tax and the threshold untouched.
Who owns the plan decides who controls it and how the gift rules apply. A plan in the child's name is held in a bare trust, explained on our bare trusts for children page.
| Plan in your name | Plan in the child's name | |
|---|---|---|
| Who owns it | You. The money stays yours until you give it | The child, with trustees managing it until they are 18 |
| Control | You decide when, and whether, to hand it over | At 18 the child is entitled to all of it |
| Gift tax | One gift on the day you hand it over. Only €3,000 of it falls under that year's small gift exemption, and the rest counts against the child's threshold | Each year's payments are gifts as they are made, so €3,000 a year from each giver falls under the small gift exemption |
| If plans change | You can use the money for something else | The money belongs to the child and cannot be taken back |
| Tax on growth | Exit tax on the gain, deducted by the life company | Exit tax on the gain, deducted by the life company |
Most undergraduates at publicly funded colleges pay no tuition fees, but most colleges charge a yearly student contribution. Citizens Information puts the maximum at €2,500 a year, so a four-year degree is €10,000 in student contributions alone.
Rent, travel, books and living costs come on top. A plan started at birth has 18 years to build towards them, and a plan started at 10 still has eight.
€250 a month is €3,000 a year, one parent's small gift exemption. Growth of 4% a year after charges is an illustration only, not a forecast and not guaranteed. The tax taken every eight years is credited at the end. If the exit tax cut to 35% announced in Budget 2027 applies, the tax here would be about €8,250.
| Amount | |
|---|---|
| Paid in over 18 years | €54,000 |
| Government levy at 1% | €540 |
| Illustrative value at 4% a year | €77,550 |
| Gain on what was paid in | €23,550 |
| Exit tax at 38% | €8,950 |
| Value after exit tax | €68,600 |
Who it is for, how much a month and when they will need it. The form takes two minutes.
Ownership and the gift rules set out in figures, with a bare trust if it suits.
Providers, funds and charges side by side, in euro.
The application and paperwork handled with the provider.
Funds and payments checked each year as the date gets closer.
We (Richie and Nickey) received excellent pension advice that was clear, honest, and tailored to my situation. Everything was explained in a way we could easily understand, and we felt confident making decisions about my future. Highly professional service and very reassuring throughout the process.
They made setting up a company pension on a deadline extremely easy and stress free. You can tell they understand the products inside out. Very approachable, great availability for support with instant and clear answers.
True Wealth was super efficient in locating my UK pension. They were very professional and responsive in dealing with the relevant pension organization. I would highly recommend True Wealth.
Thank you for the several calls to advise me. Great client attention! Eimear is fantastic! I had my pension sorted and a few insurances arranged. All the best.
Excellent service. Always there if I had any questions, would recommend without hesitation. A 5 star service. Thank you everyone.
Straight answers with the figures. If yours is not here, a senior advisor answers it in your review.
€3,000 from each giver in each calendar year, under the small gift exemption. Two parents can give €6,000 a year between them. Above that, gifts count against the child's Group A threshold of €420,000 from 7 October 2026.
In your name, you keep control and can change your mind, but handing it over at 18 is one large gift. In the child's name, each year's gift falls under the small gift exemption, but the money is theirs at 18. Your advisor sets out both in figures.
Yes. Each grandparent can give €3,000 a year under the small gift exemption. Above that, gifts count against the grandchild's Group B threshold of €44,000 from 7 October 2026.
Start with what fits your budget and step it up as your income rises. Irish Life's Clear Regular Invest starts at €100 a month. Lump sums from birthdays and family can go in along the way.
No. The value of the funds can go down as well as up. As the date gets closer, your advisor can move the plan into lower risk funds.
The life company deducts exit tax of 38% on the gain when money is taken out, and every eight years on the gain so far. Budget 2027 announced a cut to 35%. A 1% government levy applies to each payment.
Checked 8 October 2026.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in this product you may lose some or all of the money you invest.
Warning: Past performance is not a reliable guide to future performance.
Two minutes online, then a senior advisor is in touch with the options for your child or grandchild.