We opened a CBA kids bonus saver trust account for daughter with brother and my mum in control. My brother will provide his tax file number to declare half interest and mum is pensioner. The trust account was so I can't access the funds. I put $300-$400 every month and grandparents deposit some as well.
Still thinking about ways to invest and minimise tax. Wife not a resident. Daughter bad idea as she will have to pay 48.5% tax on earnings.
Not as easy as it sounds without being dodgy.
