Backdating option grants

Recent developments in the benefits system and the asylum process mean that refugees face fresh challenges in securing the support they need to build a new life in the UK.People fleeing their home country and applying for protection (or asylum) in the UK are generally excluded from claiming most benefits (asylum seekers are 'persons subject to immigration control' in the benefit rules).Turning 17 year old By the description “turning 17” I’m assuming the child is turning 17 in 2009.

My previous comment about tax sheltering for the 18 year old are still valid for this child.

Is there anything that would be worthwhile in investing into the RESP now and can it be backdated?? Looks like all 3 will be going to post secondary…2 university for sure. First point (and most important point) is the concept of investing time horizon.

If you are investing money that you need in a couple of years then you have to invest in something that is not risky in order to ensure the money will be there when you need it.

In Donna’s case I would just put the money in a high interest savings account or short term bonds (via etf or index fund) since her youngest will be going to school in 2 or 3 years.

The two main benefits of resps are the government grant (20% of contributions) and the tax-sheltered status.

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