6 months old and already an investor

Updated September 20 2015 - 9:47pm, first published 1:49pm

My mother has given me $5000 to invest in some shares for my six-month-old daughter to save some money for university fees in the future. Do I put the shares in my name or my daughter’s name? What are the tax implications of this? 

WISE MOVE: A reader wants to know how to go about investing money in shares for her six-month-old daughter, with the hope it might fund her education one day.
WISE MOVE: A reader wants to know how to go about investing money in shares for her six-month-old daughter, with the hope it might fund her education one day.

This is a fantastic idea and something your daughter will certainly appreciate in the future.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Wodonga news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.