Building a nest egg for your children

Discussion in 'Share Investing Strategies, Theories & Education' started by Simon Hampel, 13th Jun, 2008.

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  1. Simon Hampel

    Simon Hampel Founder Staff Member

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    Last edited by a moderator: 17th Sep, 2016
    Simon Hampel, 13th Jun, 2008
    #1
  2. AsxBroker

    AsxBroker Well-Known Member

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    Hi Sim,

    I like how he slipped in the Insurance/Investment Bonds last.


    Cheers,

    Dan
     
    AsxBroker, 14th Jun, 2008
    #2
  3. gav__

    gav__ New Member

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    Doug Webber says that if mum or dad whold the investment as trustee for the child, then they are the legal owner of the investment and liable for tax on it.

    This ATO page suggests otherwise. Children's share investments This page says that regardless of whose name the investment is in, if all the dividends and the shares themselves are held for the child, then the child is the owner for tax purposes.
     
    gav__, 27th Oct, 2008
    #3