Interest in shares and JATEC has increased recently and more and more parents are willing to open a custody account for their underage children at an early age. As low interest rates persist and saving makes less sense, many people think they’ll have to give away stocks or mutual funds for the value of their wealth in 20 years. Today we’re going to explore how to open a child mediation account for these parents.
1. Start by choosing a brokerage firm!
Before opening an account, you need to choose a brokerage firm. Which of the 20-30+ brokerage firms should you choose? They usually choose a brokerage firm that they used to primarily trade with or a securities firm that is close to where they live. If you think about it a little more closely, it’s also a good way to vote based on factors, e.g. B. where the event fee is cheap or which brokerage company interface is convenient.
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2. Please visit our branch!
If you are of legal age, you can open a hypertrophy account. However, it is not legally possible for minors to open a securities account without personal contact. 미성년자 주식계좌 개설
Therefore, it is necessary, although somewhat inconvenient, to go directly to the securities house or bank. Failure to bring both the account opening documentation and the necessary preparations with you when you visit will help you avoid unnecessary repeat visits.
Also, you only need to open a securities account before the visit if you have your child’s bank savings account, so please go to a securities house or a convenient spot in the bank. If you do not have a children’s savings book, please open the children’s savings book at the bank first and then open a securities account together.
* Banks that can be connected to open an account may differ for each securities firm. nicetomeetya
(It’s a good idea to call the branch brokerage or bank to confirm before visiting!)
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3. Documents and aids must be procured!
Before visiting a brokerage firm or bank, it is necessary to get the paperwork and preparations for opening an account in advance. No matter where you are from, the paperwork and preparation is the same.
The following items need to be prepared: 1) Children’s standard basic certificate 2) Family relationship certificate 3) Parent’s ID card (legal representative) 4) Children’s color. Here’s what you should know. All documents must have been issued within the last 3 months, select a detailed certificate instead of a general certificate and select and issue all public registration numbers (up to the back seat) Hmm.
When you’re ready, visit the branch and follow the staff’s instructions to complete the paperwork and complete the account opening process.
* Some investment firms require registration as a resident and agent (parent) painting.
(Since there are small differences at each securities house, a call to confirm makes sense!)
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4. Note on gift tax!
Once such a depot has been opened, some parents want to pass the money on to their children so that they can be brave in advance and invest in the long term. In Japan, if you give money to a child, you have to pay a gift tax*.
According to the Inheritance and Gift Tax Law, direct heirs, i.e. minor parents or grandparents, can deduct up to 20 million won of gift property within 10 years, with a gift tax of 10%.
Here, the criterion for the 20 million won deduction period is the date of the first donation declaration. So if you decide to make a gift, e.g. B. opening a share account for a minor child, it is recommended that the declaration of donation be submitted as soon as possible without delay.
*Gift Tax: A tax levied when property is transferred gratuitously by gift.
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TIP. Are you an uncle instead of a parent?
There are also aunts and uncles who inevitably have a hard time opening an account for their parents or who want to open an account to buy money or stocks for their nephew Sebadon. In such cases, the above documents are drawn up in the same way, but the documents must be treated according to the standard of the legal representative (parent), not the standard of the aunt or uncle. The ID also requires the ID of the parent. It is possible with grandpa and grandma if you proceed in the same way.
Open a custody account for minors
Funds & ETFs to put your child’s sebadone in
“An industry that grows with my child”
3 types of KODEX TRF series (TRF 3070, TRF 5050, TRF 7030)
– Invest in MSCI World (Apple, Microsoft, Amazon, Metaplatforms, NVIDIA, etc.) and domestic compound bonds in a ratio of 3:7, 5:5 and 7:3 respectively (mixed products of stocks and bonds, depending on the risk trend of the individuals) can be selected and invested depending on
As jet technology becomes a societal issue, more and more parents want their children to be exposed to stocks and other things from an early age so that they can properly understand and learn about money. So today I looked up how to open a children’s depot for minors and what documents are required for this. It makes sense to open an account, but please note that managing it afterwards is also important.
Investors have the right to obtain a full explanation of the securities in the collective investment scheme from the distributor of the financial instruments and it is important that you read the (brief) investment instructions before investing and the collective investment agreement.
Securities of collective investment schemes are not protected by the deposit guarantee company under the Deposit Guarantee Act.
Collective investment securities may suffer a loss (0-100%) of the invested capital due to asset price fluctuations, exchange rate fluctuations, credit rating deterioration, etc., and the loss will be attributed to the investor.
In the case of purely direct funds, additional costs may be incurred, e.g. B. Costs for managing the investment fund and transaction costs for securities.