We have 2 young children under 3 and they currently have basic bank accounts with a few thousand dollars in them. We top this up regularly with "pocket money". We were thinking of investing their money in some basic managed share funds and just letting it look after themselves until they need a home deposit one day. My questions are 1. If I don't want the kids to know about the accounts til they are well over 18, do I have to put the accounts in my name instead of theirs? 2. If the income from the accounts reaches a tax threshold, what happens then? I assume investing in kids names would be a tax rort loophole that probably has rules associated. Would love to hear from anyonr who knows what the basic options are for investing for the kids. Our overall goal is simple - the best way to put some money aside for them each month in some form of investment and hopefully give it to them in 25yrs as their own home deposit that they didn't know existed. Cheers!