IRD numbers are used to identify tax-related events. For a child, they’ll need an IRD number if they’re earning money, or interest on a bank account or investment.

Kids Accounts will be taxed on any dividends on their investments with Sharesies, like an adult’s account.

Tax on Sharesies

Find the application form and more information about getting an IRD number for your child on the IRD website.

Did this answer your question?