WebOct 23, 2015 · You might think it's a good idea to buy and register the shares in the child's name but many brokers don't allow this. Australia's … WebOct 8, 2024 · While tax applies to a beneficiary in the case of a child and a "bare trust", the trustee is assessed when a minor is involved. Also accountinga nd tax costs and trustee …
CommSec review: CommSec share trading account Finder
WebCommSec brokerage fees are as follows If you are a long term (think many years) investor just use CommSec as the extra ~10-20 dollars per trade will not matter. If you plan on buying and selling a few times per week then use SelfWealth which has a FLAT $9.50 fee for a trade of any value. WebMar 1, 2024 · I yelled, and then we high-fived. Listen, as a father, a finance nerd and a farmer, that moment was a bloody royal flush. It does not get better than that. A couple of ultra-low-cost funds hold literally thousands of companies (well, a sliver of each), including the biggest companies on earth. In other words, you name it, and chances are we own ... tacoma max towing
Introducing SelfWealth Kids Share Trading Accounts
WebApr 9, 2024 · - It's easy to open an account for a minor with Commsec - Reinvestment is selected instead of dividends so there's no tax (until they sell when they're over 18 anyway. But should be in the low tax bracket at that time so will be very little) Am I correct in thinking that's all there is to it? WebMar 6, 2024 · Click on the 'Join Now' icon on the CommSec homepage, select the product you would like to apply for and click 'Get Started'. Under 'Which account would you like to apply for', select 'Trust' and 'Minor' for the trust type” LICS, which Barefoot also discusses are a better alternative for learners in my view. WebFeb 21, 2024 · Yes, you can buy shares for children with CommSec, but you can't open an account in their name. Most brokers won't let children under 18 own shares directly. tacoma mclendon hardware