Investing for your kids or grandchildren – part 3

Co-founder of the Switzer Report
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Key points

  •  Insurance bonds (also called investment bonds) are long-term investment vehicles that offer tax efficiency for some investors.
  •  Insurance bonds usually include a “child advancement policy”
  • Education savings plans are designed for saving for tertiary education and can be a tax-free way to save.


In the lead up to Christmas, we have been looking at how you can invest on behalf of your kids or grandchildren. In the first part of this 3 part series, we covered how minors (people aged under 18) are taxed, whether your child needs a TFN (tax file number) or not, who is liable for paying any tax and we also reviewed some of the bank deposit accounts especially designed for kids. (Click here for our first article).

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