ASX Through The Floor

Discussion in 'Sharemarket News & Market Analysis' started by Coota9, 24th Aug, 2015.

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  1. Redwing

    Redwing Well-Known Member

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    Hi @Vicki S

    How did you structure this?
     
    Redwing, 28th Sep, 2015
    #101
  2. Vicki S

    Vicki S Well-Known Member

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    Originally in a bank account in trust and later when purchasing shares in trust for them with their tax file numbers. The drp dividends were not too high, but the tax free threshold was higher then for kids too. The franking credits were refunded to them and they were used for reinvestment in the shares too. Shares transferred to them as adults which they are all now.
     
    Vicki S, 18th Oct, 2015
    #102
  3. Redwing

    Redwing Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    7,489
    Location:
    WA
    Thanks Vicki, was curious as to the mechanics of how you were investing $100 per year into shares for the kids, there doesn't seem to be an easy way and costs are always a factor.
     
    Redwing, 3rd Jan, 2016
    #103
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