Investing for Kids

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• How do I use Six Park to invest for a child?
• What are Six Park's fees if I open an account for a child?
• What are the tax implications of opening an account for a child?
• If I’m making ongoing contributions, when will additional funds be invested into the market?
• Am I committed to regular payments?
• Can anyone add funds to a child’s investment account?
• How can I withdraw funds from the cash management account held for a child?
• Can the minor withdraw the money before the age of 18?
• What if, at age 18, the child is not considered fit to control the money?
• What if the person who set up the child's account dies before the account has been transferred to the child (now adult)?
• What costs are involved when the account is transferred to the child (now adult)?
• Is tax on earnings payable each year?
• Is a statement of earnings issued to the account holder?
• When the beneficiary sells the investment account assets (for a house deposit, for example), will they pay tax on the sale proceeds?