It is important for you have to consider the tax implications of an investment for a children and parents are taxed in different ways. It can affect the returns on a child investment, by maintaining the investment under the wrong person’s name, the income from the investment can adversely affect family tax expenditure, push them into a higher tax bracket, or hamper eligibility for the superannuation co-contribution, just to name a few implications. Therefore, it is important to seek advice from a qualified financial planner before making any of these decisions.