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GET A HEAD START FOR YOUR CHILDREN

Would you like to create a nest egg for your children?

It is becoming more and more difficult for young people to buy a house without help from their parents. And future generations may have to rely solely on their own money to fund their retirement. So building a nest egg for your children has become more important than ever.

What you need to know

  • The effect of compounding means the earlier you start investing for your children, the easier it is to create wealth. So it makes sense to put in place a regular savings and investment plan.
  • You can start making superannuation contributions for your children while they are still under 18. Generally no tax deduction is available; however with the benefit of compounding, a relatively small contribution at birth can grow into a significant nest egg by the time the child reaches retirement.
  • For example, if you were to contribute $1,000 per year from birth to age 16 (a total of $16,000), by the time your child reaches age 60 the nest egg would have grown to $66,595 in today's dollars (assuming inflation of 3% and a gross 7% annual return). A very handy head start for retirement!

Getting started

Consider investing in your name rather than your child's name. In most cases, investing in the name of a child is inefficient for tax purposes, as penalty tax rates apply to 'unearned' income for people under 18.

Count on us

A Count adviser can help you:

  • Start saving for your children's future

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Contact CBD Wealth Solutions

11A / 29 Mt Cotton Road Capalaba QLD 4157
PO Box 1202 Capalaba QLD 4157
Telephone: (07) 3390 3663
Fax: (07) 3390 3660
Redland, Brisbane


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CBD Wealth Solutions ABN 75 083 804 317 is an Authorised Representative of Count Financial Limited, ABN 19 001 974 625. AFS Licence Number 227232 which is 85% owned by CountPlus Limited ABN 111 26 990 832 (CountPlus) of Level 17, 1 Margaret Street, Sydney 2000 NSW and 15% owned by Count Member Firm Pty Ltd ACN 633 983 490 of Level 17, 1 Margaret Street, Sydney 2000 NSW. CountPlus is listed on the Australian Stock Exchange. Count Member Firm Pty Ltd is owned by Count Member Firm DT Pty Ltd ACN 633 956 073 which holds the assets under a discretionary trust for certain beneficiaries including potentially some corporate authorised representatives of Count Financial Ltd. The information on this web page is not advice and is intended to provide general information only. It does not take into account your individual needs, objectives or personal circumstances.