Investing for kids

How can I open a Stockspot kids account?

Select 'Get Started' on the Stockspot website and select account type 'Kids'. The application should be completed in the name of an adult (for example, a parent or grandparent) on behalf of the child or through a formal trust as minors can't legally own investments until they are 18 or older.

What identification do I need to open a kids account?

Your passport or driver licence plus another form of ID like a utility bill. It's helpful to have these documents handy when completing your application.

How much money do I need to start investing and what are the costs?

You can start with any amount. We'll start investing on your behalf once your account hits $1,000. There are no Stockspot management fees until your child's portfolio reaches $10,000 (or until the child turns 18).

Read more about investing for kids.

Can I invest for grandchildren?

Yes, you can invest for your grandchildren through a Stockspot account by setting it up in your own name and nominating the funds for their future. Many grandparents choose to create a dedicated investment to help with milestones like education, a first car or a home deposit. You stay in control of the account, and can decide when and how to gift the money.

Is the account in my child's name?

No. If your child is under 18, the account is in your name on your child's behalf, or your trust's name if you are investing through a formal trust. This means you (or the trust) will be the legal owner of the investments until your child is 18 or older. At this point, you can transfer the holdings to the child or sell down from the portfolio to gift them the cash.