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631c investing for kids (the FAQs) part 2

Season 6
•

In part 2 of investing for kids Glen answers a bunch of FAQs and shares some ways to teach your kids about money.


👉🏽 what if I invest for my child in an informal trust and use the dividends myself?

👉🏼 can I have a joint account for my two kids?

👉🏾 what investing platforms allow you to set up investing for kids?

👉🏿 how can you invest for someone else’s kids?

👉🏻 what happens with the investments if you pass away prematurely?

👉 can I claim investments as a tax deduction?

👉🏼 can I invest using multiple methods?

👉🏽 what happens if you change your mind and want to keep the money instead of giving it to the child?

👉🏿 what happens if my spouse and I set up a join investment account and then get divorced?

👉🏻 do you need to setup your will with details of the investing arrangements?

👉 tax on investment accounts

👉🏾 investing for kids vs putting extra towards a mortgage for them

👉🏼 how to mitigate tax on inheritance for kids

👉🏻 teaching your kids about money


Prefer reading? Check out the blog post on this episode here


Read: How to explain compound interest to your kids


Thanks to Global X for supporting our Thursday show! ✨ Learn more about their range of ETFs.


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To get help, and to check out our online courses, resources and downloads (+ our disclaimers and warnings), click here.


Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.


SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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