1, save money in children's name: save money in children's name 14 years old, children can't save a lot of taxes, 14 years old, you can save a little more, but after 18 years old, the money is out of the control of parents. Generally speaking, this method can not save much tax, and it is too risky.

2. Save money in the name of parents: This method is at the disposal of parents, but the disadvantage is that they have to pay taxes.

3. Use parents' life insurance: Life insurance is a very good choice if the child is under 8 or 9 years old. Its advantage is that you don't have to pay taxes on the money you deposit, and you don't have to pay taxes at all when you use it in the future (whether it's for college or other purposes). The key benefit is that if the child doesn't need the money in the future, he can keep it for himself. Another advantage is that it will not affect children's application for school subsidies!