What about tax for Blossom Kids?
1min read
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. As such, the Account Holder is responsible for any tax consequences that arise.
Each year, we’ll provide a tax statement to assist you to complete your tax return. It will have all the information you need regarding your savings with Blossom.
Blossom does not give tax advice. Individual circumstances can be complex. We recommend consulting a tax professional for specific advice. Please refer to the PDSs and Blossom Kids Guide to learn more about how the Blossom Fund is taxed.
