Manage a Kids Account

A Kids Account is managed from within an adult’s account—it doesn’t have its own login details, and can only be accessed through the adult’s account.

A kid can be a beneficiary of multiple accounts. For example, multiple parents can have their own separate account for the same child.

Kids Accounts aren’t eligible for referral bonuses, and Sharesies Gifts can’t be created from within a Kids Account. However, Kids Accounts can redeem a Gift, under Wallet > Redeem a Gift.

Kids Accounts are subject to the same fees as adult accounts.

Tax is determined based on any income from the kid’s investments, and any capital gains made when selling (or transferring) investments.

A tax statement is sent to the adult owner of the account.

If a child is the beneficiary of multiple accounts, they’ll have multiple tax statements sent to each individual adult owner of the account.

Learn more about tax options when investing for a kid.

When the child is old enough to take over their account, you can transfer it to them. This can be requested once the child hits the set transfer age—they’ll need to be at least 18 years old.

When the account is transferred, they’ll take control of their Sharesies account, create their own login, and manage their own investments.

Learn more about transferring a Kids Account.

You can’t directly transfer money from your own Wallet into a Kids Account Wallet.

You’ll need to use the child’s unique customer reference when topping up their Wallet. Find this in the Kids Account by going to Wallet > Top up with bank transfer.

You can transfer investments from your Sharesies account to a Kids Account—see our article on account-to-account transfers. Note that a fee applies. There may also be a capital gain or loss on the transfer.

Prior to the transfer it may be worth getting advice from a financial adviser or taxation adviser on the tax implications.