Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Thread Tools Display Modes
Old 12.04.2011, 16:31
kfp kfp is offline
Junior Member
Join Date: Jun 2010
Location: Lausanne
Posts: 64
Groaned at 0 Times in 0 Posts
Thanked 26 Times in 13 Posts
kfp has earned some respectkfp has earned some respect
investing for a child

I wondered if anyone had any advice on investing for a child in Switzerland. the child in question in British not Swiss and is not mine but my Godson. I would like to start a long term investment. Are there tax rules etc. Can I do it? I should know about? One option is to buy gold year on year as he grows up. Is this a good idea?
Reply With Quote
Old 12.04.2011, 17:14
Posts: n/a
Re: investing for a child

I wish I had godparents like you! I get a tenner a year for my birthday... (suppose it's not that bad, but I'd love a pot of gold )
Reply With Quote
Old 12.04.2011, 17:18
Carlos R's Avatar
Forum Legend
Join Date: Dec 2009
Location: Roundn'about Basel
Posts: 7,232
Groaned at 105 Times in 95 Posts
Thanked 9,934 Times in 4,178 Posts
Carlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond repute
Re: investing for a child

<insert usual "send me the money and I'll look after it for him..." gag>

I don't know anything concrete - my in laws tried investigating this, and it seemed awfully complicated, vs. e.g. options in the UK.

However, health insurance companies, like Assura, offer a paying-in scheme where you can put in X a year until majority. Again, I don't know who can and cannot do this, but you can make tax deductions for gifts, and I'm guessing that insurance companies are not too fussed about where they get their money from.
Reply With Quote
Old 12.04.2011, 17:22
Posts: n/a
Re: investing for a child

Two tips to start you off:
1. No, don't buy bleedin gold.
2. Invest in the currency the child is most likely to want to spend in, not the currency you might earn in. Remember, currency doesn't have to concern location, you can do USD/EUR/GBP here too.
Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Investing in silver in Switzerland Puhutes Finance/banking/taxation 17 17.05.2011 13:20
Buy to let investing in Switzerland yogaphysio Housing in general 9 13.12.2010 09:56
Investing in Uranium Phil_MCR Finance/banking/taxation 31 01.10.2010 16:02
I want to start Investing, How to begin? Rahul Finance/banking/taxation 27 16.06.2010 18:10
Unethical investing Polorise General off-topic 0 28.08.2007 14:03

All times are GMT +2. The time now is 16:35.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0