Your money questions – ‘Is there a tax-free way I can fund my grandson’s fees for attending a private school?’

Plus, what’s the best way to invest €100,000

Low-risk investment options could be worth considering to set aside money for a family member’s fees for attending private school. Photo: Getty

Q My grandson is starting private secondary school in September 2026. I would like to finance his fees. I am in my late 70s and would like to put monies in a fund for him. Is there a tax-free way of doing this, or what is the best way to go?

A As your grandson is starting secondary school in September 2026, you have a very short investment timeframe, even if you were to continue to set aside money for his school fees throughout his five to six years in secondary school.

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