Quote:
Originally Posted by Hesla
The Grant Portion is clawed back by the government if the child does not go to school i think.
Everyone should set one of these up. We pay into it, and then put any money my family gives my son into it as well. Basically max it out every year and therefore get the max grant out of it. Essentially we will have over $90,000 saved for him by the time he is 18.
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Totally agree. I think we put $209 a month/kid in and that enables us to max the grant benefit out.