Quote:
Originally Posted by snootchiebootchies
I did not know you could carry forward your grant eligible grants that far. Good to know. I should really let the experts answer these types of questions.
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I don't mind at all if someone else answers, so no problem at all on that end. The carryover and grant issue (and really the whole system) ought to be simplified in my opinion.
I know what they're trying to guard against is people with lots of money dropping the full $50k in for a newborn and having it grow for a few decades tax free. It's just a pain to continually track how much room is remaining and things like that. Not the end of the world, but people contribute odd amounts in a lot of cases so it's not just a simple $2500 or $5000 per year sort of thing.