Money magazine Comments - Ask Paul: High-interest saver or shares for baby? Rachel's son is turning one in a few months and instead of toys (which he will get enough of), she would rather shares for baby. https://www.moneymag.com.au/feed/latest?story=141390358 Sun, 13 Nov 2016 05:23:49 +1100 Sun, 13 Nov 2016 05:23:49 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: High-interest saver or shares for baby? https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Josie ()

Due to high tax rate for a person under 18 years old, how do you buy shares for young children? What kind of structure required?
Thanks.

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]]> Josie () Sun, 13 Nov 2016 05:23:49 +1100 Comment by NC ()

Same question as Josie above. How exactly do you do this? Do you need to set up a trust? How can an ordinary person do this themself?

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]]> NC () Tue, 15 Nov 2016 13:48:28 +1100 Comment by Marthese ()

Same question as above .
Where are the replies posted please ?

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]]> Marthese () Thu, 24 Nov 2016 06:11:57 +1100 Comment by Money ()

You can find more information on buying shares for kids here: https://moneymag.com.au/buy-shares-kids/

Thanks for reading.

- Money team

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]]> Money () Thu, 24 Nov 2016 09:47:49 +1100 Comment by Bob ()

My understanding is Paul is suggesting you buy the shares in your name to avoid the 40% tax on kids income. At least that is what I thought he recommended in past articles.

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]]> Bob () Wed, 30 Nov 2016 05:27:20 +1100