Quote:
Originally Posted by The Fisher Account
Can you maximize all the grants if you you do less than $2500/year? I assume they don't penalize you if you only do like $100/month and it just takes you longer to hit those thresholds?
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Quote:
Originally Posted by GGG
You only have until 18 to hit the max. So you need to hit something like 175 per month from birth to max out the grant money. If you haven’t used all of your grant space in previous years you can make up contributions to capture it but there is some limit on that.
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The maximum you can put in and receive the grant is $5000/year per child if you have years where you didn’t deposit the maximum. There are rules around deposits for children who are 16/17 though; you need to have deposited at least $2000 before the end of the calendar year where they turn 15 to get the CESG for those kids.