Retaining points

[Major]

You could also open an A/c for them with E Trade and buy them a few shares

https://invest.etrade.com.au/cms/viewcmsarea.aspx?key=Bulletin+-++71

 

[ChrisDPom]

You could also open an A/c for them with E Trade and buy them a few shares

https://invest.etrade.com.au/cms/viewcmsarea.aspx?key=Bulletin+-++71

Mad Robbie the Robot would say on that "Warning. Warning!!!!".

Shares in minors names do not get a tax free threshold as it is not exertion income*

* Unless the children happen to be named Google, Apple or Starbucks.

 

[ozcanoz]

Good one ChrisDPom

 

[medhead]

Mad Robbie the Robot would say on that "Warning. Warning!!!!".

Shares in minors names do not get a tax free threshold as it is not exertion income*

* Unless the children happen to be named Google, Apple or Starbucks.

Last time I looked into this question, it not exactly exertion that is the rule. But that the child has to have full control over earning the income. Technically the do get a tax free threshold just that that threshold is very lower.

Still the point remains, serious tax implications involved.