Investing for Children and Grandchildren

This course explores the different ways parents and grandparents can help build a stronger financial future for the next generation. Learn how starting early, investing consistently and taking advantage of compounding returns can help create opportunities for children and grandchildren, including future home ownership, education and long-term financial security.

Rob Goudie walks through the investment options available, the tax considerations when investing for minors, and the potential benefits and limitations of different investment structures. The course also highlights the importance of keeping investments simple, understanding ownership and tax implications, and teaching children valuable money and investing habits from an early age.

What you'll learn

• Why investing early for children and grandchildren can make a difference.
• The benefits of compounding returns and long-term investing.
• The challenges and tax implications of investing in a minor's name.
• How custodial share trading accounts work and the importance of using the child's Tax File Number (TFN).
• Listed Investment Companies (LICs) and how share bonus plans differ from dividend reinvestment plans.
• How superannuation can be used as a long-term wealth-building strategy for children.
• The First Home Super Saver Scheme and its potential role in helping with a future home deposit.
• The government super co-contribution and how eligible young workers may benefit.
• The role of children's savings accounts and their limitations for long-term wealth creation.
• Investment bonds and insurance bonds, including their tax treatment and estate planning benefits.
• How parents and grandparents can choose an investment structure that suits their goals.
• The importance of keeping investments simple, investing regularly and educating children about money