Creating a financial cushion for the offspring – that is the goal of many parents, grandparents, Göttis and Gottis. When it comes to saving for children, there are sometimes preferential conditions, but there are also pitfalls. What to look for.
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There are some pitfalls when it comes to building wealth for children.
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Gifts of money to children, grandchildren or sponsored children are widespread in Switzerland. Many families also set aside money so that the offspring have a financial cushion when they start studying or training. Saving for a big trip or a car is also popular. In times of negative interest rates, however, asset accumulation has its pitfalls. Possible variants include gift savings accounts, youth savings accounts, fund savings plans or saving with a robo-advisor using exchange-traded funds (ETF).
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