Are there any tax implications that come with opening a CommSec Minor Trust Account?
The tax implications associated with investing for children will depend on a number of factors. For that reason, we suggest seeking professional tax advice before deciding to begin investing for your children.
We're here to help
Learn more about the tax implications of investing for your children, or discover how you can invest for your kids with a Minor Trust Account.
A CommSec Minor Trust Account is an investment account opened and operated by an adult for a child under the age of 18. This is operated by, and in the name of, the individual adult with an account designation that refers to the child. It is a common way of describing this account type in the industry. Essentially, the adult acts ‘as the trustee for’ the child who is a ‘beneficiary’. This does not necessarily mean that there is a legal or formal trust in place.
