afi
arg
mir [might be best choice because he's young and can adopt a riskier approach- not that MIR is particularly risky]
However, You need to be aware of children's tax- he will pay 65% on returns over ~$650- not sure of the exact figures but they make it prohibitive for a child to have any investments which make unearned income. I'm pretty sure this includes a bank savings account.
Solution is a share-based insurance bond which is tax free after around ten years. [again, i'm a bit fuzzy on the detail, DYOR]
- Forums
- ASX - General
- want to buy some shares for my 12 year old son
want to buy some shares for my 12 year old son, page-14
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries