My son is in matric this year, and I want to start an investment that he could take over when he eventually starts working and earning an income. I've thought of things like a retirement annuity (RA) or endowment fund, but am unsure what the best investment vehicle would be. What is your advice on which one to choose?
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Robyn Laubscher, Advice and Product Specialist, PSG Wealth, replies: It is important to align the product you consider to the financial goal you would like to achieve.
If access to the investment at any time is important, then you can consider a tax-free savings account (TFSA) or a discretionary investment in your son’s name. The benefit of a TFSA is that there is
