All income generated from a Blossom Kids account is attributed to you as the Account Holder. Blossom does not distribute income directly to or for the child, nor does it collect the child’s Tax File Number (TFN). As such, the Account Holder is responsible for any tax consequences that arise.

All income generated from a Blossom Kids account is attributed to you as the Account Holder. Blossom does not distribute income directly to or for the child, nor does it collect the child’s Tax File Number (TFN). As such, the Account Holder is responsible for any tax consequences that arise. 

Each year, we’ll provide an Attribution Managed Investment Trust Member Annual (AMMA) tax statement to assist with your tax return. This statement includes details of your earnings with Blossom. Additionally, withdrawing funds may have tax implications, depending on your individual circumstances.  

Blossom does not give tax advice. Individual circumstances can be complex.  We recommend consulting a tax professional for specific advice. For more information, please refer to the [Blossom Kids Guide](https://www.blossomapp.com/blossom-kids-guide). 

What about tax for Blossom Kids?

Can my kid access the Blossom Kids account?

What is a Blossom Kids account?

Who can open a Blossom Kids account? 

How many Kids accounts can I open? 

Can I have an Individual, Joint, Business or SMSF account as well as a Kids account? 

How do I open a Kids account? 

Who can fund a Blossom Kids account? 

How do I fund my Kids account? 

How do I link a bank account to my Kids account? 

Can I handover the Blossom Kids account to my child when they turn 18?

Blossom Kids

Blossom App

Answers are general in nature only and do not take into account your personal objectives, financial situation or needs. Refer to the [PDSs](https://www.blossomapp.com/documents), [TMDs](https://www.blossomapp.com/documents) and [FAQs](https://www.blossomapp.com/documents) for further information.

What about tax for Blossom Kids?

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What about tax for Blossom Kids?

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