We get a lot of questions about investing for kids and although we can't advise on which setup is best suited to your needs, we've created the following page to provide some more information on this topic:

https://pearler.com/explore/education/kids-investing-hub

Additionally, our friends at Pivot Wealth wrote a blog that covers many of the big questions, so we’re sharing it here for educational purposes only. Just a reminder the blog is not intended to provide you with personal taxation advice. The information is general in nature and you should consult your own tax or financial advisers before taking any action. Also, we have no referral or sponsorship relationship with the blog author, if you seek further advice from them, we receive no kickbacks or perks. https://pivotwealth.com.au/blog/how-to-invest-for-your-children/

We offer minor accounts where the adult/guardian would be the primary entity and assets are held in the name of the guardian/adult in trust for the child. Once the minor has turned 18, we are able to process a transfer from a minor account into a newly created individual account in their name. There is no requirement to transfer as timing would depend on when the adult feels ready. We do not charge fees for this type of transfer, although we would advise you to obtain professional tax advice before proceeding as CGT may still apply depending on your personal circumstances.

Direct ASX investments made on Pearler are CHESS-sponsored, which means you are investing directly into the company and your investments will be held in your name and associated with your account's unique HIN (or Holder Identification Number - X followed by a 10-digit number). This then means that you will have direct ownership of each share/ETF and also a direct relationship with their respective share registries. An adult TFN can be supplied for this product to be used for any available ATO prefilling.

Pearler Micro (or the Headstart app) is our managed fund product that tracks popular ETFs and allows you to make unlimited contributions (as little as $5 at a time) for a low monthly fee. For more details and important information on the Micro product, please check out the PDS and TMD. A minor or adult TFN can be supplied for this product.

CHESS-Sponsored vs Custodial vs Micro-investing

You can switch between or add new accounts via your drop-down menu in the top right-hand corner of your Dashboard. No need to create a new login :)

If you have more questions, feel free to reach out via help@pearler.com or our live chat function :)