For children and grandchildren
Setting up a home savings plan for a child or grandchild is a wonderful way of investing in their future. It also means that their savings grow alongside them and can be adapted over time.
However, there are also a number of state subsidies available: employee housing allowances and state building subsidies are the government's way of helping people who set up a home savings plan. Why not make use of these state benefits for your children or grandchildren? From the age of 16, young adults can also apply for state subsidies for their home savings plans themselves and irrespective of their income (subsidy requirements apply).
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