The issue on reduction of allowable donation is correct. If you fund R30k to each child, you will have used R60k of your donations allowance. Suggest you give your wife R30k and then she makes the deposit to one child. So you spread the donation allowance over R200k for the year iso just over your allowance. Not sure re the move of the TFSA from one supplier to another, but I am very happy with Std Bank. You can open a TFSA with Std Bank Online Share Trading for your children if they are older than 7. Under 7, you must use the TFSA option linked to their own bank acc in internet banking. So for my one child - aged 9, I have his share trading acc and TFSA on same platform which allows immediate trades and the other one - aged 5, has her TFSA as part of her internet banking. A bit irritating as trades are only done around 25-26th of every month in the internet banking space