It is not possible to set up an account in a child’s name with Advinans. You can, however, save in your name and create a specific savings target for someone else, such as your children. Since Sweden currently does not have any gift tax, you may withdraw the money and give to your child when the time is right. By saving in your own name you also maintain control over your savings even after the child reaches the age of 18.
Can I set up an Advinans ISK for my children? Print
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