626b mms: using a SMSF, investing for kids, making trade offs for financial goals, roller skating + more
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How to Invest for Kids That Aren't Your Kids
Mum and dad just build wealth, be strong financially when the kids turn 20 or 30. You have to have an annual tax return for each kid. I pay my account too, but they absolutely have to do tax returns. So that's just one of the things that we, and I'm just on the ATO website, I'll read it out to everyone. That's why we're going to basically do an episode and talk about some options. Second option could be the informal trust with tax-file numbers. Third option for some serious wealth, there might be a discretionary family trust. The fourth option could be an investment bond. For me personally, when it's investing for kids
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