Our grandkids’ super accounts were frozen. How else can we invest for them?
Superannuation accounts set up for grandchildren can become frozen or impractical due to ongoing fees and the need for regular contributions, making them less suitable as childhood investment vehicles. Experts suggest that simpler, more accessible options like savings accounts or insurance bonds may be better for helping children before they enter the workforce. Superannuation becomes more effective once a child starts working and receives employer contributions.
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