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Building a nest egg for your children

Discussion in 'Investing Strategies' started by Simon Hampel, 13th Jun, 2008.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    9th Jun, 2005
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    Sydney, Australia
    Last edited: 17th Sep, 2016
  2. AsxBroker

    AsxBroker Well-Known Member

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    8th Sep, 2007
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    Sydney, NSW
    Hi Sim,

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


    Cheers,

    Dan
     
  3. gav

    gav New Member

    Joined:
    30th Jul, 2008
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    Location:
    Melbourne
    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.