Kids can invest

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Investment calculator Work out how much you could grow your wealth by. Log in Get started. We're here to help. Investing for kids without the fees. A tailored plan for your child's future. Learn money lessons. Easy to use. Start investing. Get started early. Say goodbye to the bank of mum and dad. Discover how other parents are investing for their children.

Simply better investing. Established track record of returns Our portfolios have delivered more consistent returns than Australian shares. Expert guidance when you need it Our investment advisers are on hand to help as much or as little as you need. One of the biggest keys to successful investing is a long time horizon, and kids have that in spades. If they're willing to let their money remain invested for several years, they're likely to see a nice return on their initial investment.

Watching their money grow can encourage them to be better savers and investors as adults, when it truly matters. See our list of the best custodial accounts. To get your kids started investing, you should first decide which investment account is best for them. That decision largely hinges on whether they have earned income.

Although the account will initially be in your name, your child will be able to take full control of it once he or she reaches age 18 or 21, depending on state laws. If your child has taxable income or wages: If your children are older and have earned income, you can help them open a custodial IRA.

A Roth IRA in particular is ideal for children: The contributions your child makes to the account will grow tax-free. Those contributions can be pulled out at any time, and the investment growth can be tapped for retirement, but also for a first-home purchase and education. Here's a full run-down on Roth IRAs for kids. Limited time offer. Terms apply. No matter which type of brokerage account you decide to open for your kids, you'll need to start by finding a broker.

The best investment accounts for kids charge no account fees and have no minimum initial deposit. This gives your kids the chance to start investing with a small amount of money.

Consider, too, the costs associated with the investments your child plans to choose. For example, for kids who want to practice trading stocks, you should ensure the broker charges low or no trade commissions. If your kids just want their money to grow in a hands-off way, look for brokers with a large selection of low-cost index funds.

You can open a custodial account — both a standard brokerage account and a Roth IRA — for your child in under 15 minutes or so; at most brokers, the entire process is completed online. To speed things up, make sure you have the necessary information ready. The broker will likely ask for both your and your child's Social Security number, as well as dates of birth and contact information.