100. Navigating Kids Accounts: 5 Things Parents Need to Know

Welcome back, lovely listeners, to another episode of It’s No Secret! Today, we’re diving into a rapid-fire chat about kids' accounts. Whether you’re considering opening an account for your child or just curious about how they work, we’ll reveal five facts that could change your perspective and approach. Key points Tax benefits - Kids accounts are taxed at the child’s rates, which can be a significant advantage for families.Why the money needs to be genuinely for the childUnlike ...

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It’s No Secret is a podcast for Kiwis who want their money questions answered.Are you wondering when the right time to get on the property ladder, whether you should invest with family or how to talk to your significant other about investing and budgeting? If yes, you’re in the right place. Join the Kernel team, alongside some special guests, as they take you through the ins and outs of all things finance, money, property, investing and building wealth so you can move towards achieving financial freedom. Each Wednesday, we’ll release one episode that answers a specific money question. No long ramblings and no financial jargon. Investing hacks, budgeting tips, and financial freedom are included.You’ll be left feeling inspired, relieved and ready to take the next step in your financial journey.Happy listening!Submit a money question or get in touch at our Instagram @itsnosecretnz