• Vaughan Storer & Associates , VIC, Australia
  • Vaughan Storer & Associates , VIC, Australia
  • Vaughan Storer & Associates , VIC, Australia
CONTACT US
Suite 1, 16 The Link
Mill Park, VIC 3082
Australia
Ph. 03 9436 4422
Fax. 03 9436 4477 
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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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