What is a Minor Trust Account?

A Minor Trust is an informal trust, which allows investments to be held ‘on behalf’ or ‘in trust’ for someone else, also known as the beneficiary.

For example, instead of you as a parent purchasing shares in your own name for your child, under an informal trust, the shares will be purchased by you “as trustee for” your child.  The account is CHESS-sponsored with its own HIN.


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Learn more about how you can invest for your kids with a Minor Trust Account.

Important information

Minor Trust Accounts may have tax implications for the trustee. You may wish to consult a tax professional for advice before proceeding.

A CommSec Minor Trust Account is an investment account opened and operated by an adult for a child under the age of 18. This is operated by, and in the name of, the individual adult with an account designation that refers to the child. It is a common way of describing this account type in the industry. Essentially, the adult acts ‘as the trustee for’ the child who is a ‘beneficiary’. This does not necessarily mean that there is a legal or formal trust in place.

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