Investing for kids is the best way to give them a head start in life! Stockspot helps you invest into a diversified portfolio of ETFs that will grow their savings tens of thousands more than your typical savings account long term.
View the Investing for kids page and scroll down to read the top FAQs.
View the Stockspot portfolios to see the range of investment options available.
To open an account:
Head to Get Started on the Stockspot homepage
Enter an email and password
Get your portfolio recommendation
Complete the online application
We'll set up your account and email you the account details once ready.
Opening multiple accounts using the same email address
If you're opening multiple kids accounts, you can use the same email address so that all of your accounts are linked.
Once you have the first account set-up, you can open additional accounts inside your dashboard.
Expand the arrow next to your account name in the top left hand corner of the screen and 'Add new account'. Step through and complete the application.
We'll email you separate cash account details for the new kids account!
Ownership and tax
Kids accounts must be in the name of an adult (ie. over 18) on their behalf or through an established trust (such as a discretionary trust under a trust deed).
The parents (or trust) is the legal owner of the investments and will declare any income or capital gains in their tax return each year.
You can transfer the holdings to your child when they are 18+ years, or sell and re-buy in an account in their name.
You can access the funds anytime (prior to them turning 18) by lodging a withdrawal request.