A simpler way to invest for your kids' future

The Spriggy Growth Portfolio invests in a diversified mix of Australian and global shares, with a small allocation to global infrastructure, through exchange-traded funds managed by Betashares.

Unlike a savings account, this is an investment in share markets. That means the value can go up and it can also go down, sometimes significantly. Returns are not guaranteed, and the portfolio is designed for a minimum investment timeframe of 7 years. It is not suitable for money you may need in the short term.

Your money goes into the Spriggy Growth Portfolio, a professionally managed portfolio designed by Betashares.

The Spriggy Growth Portfolio currently invests 57.75% in global shares, 38.5% in Australian shares, and 3.75% in global infrastructure through exchange-traded funds managed by Betashares.

To invest with Spriggy, you'll need to be on Spriggy Plus or Spriggy Premium. Spriggy Plus is $2 a month more than Spriggy Classic, charged as $24 a year and billed annually with your existing Spriggy membership.

There's no brokerage on buys or sells. Applicable fees and costs apply. You should read the PDS for full fee details.

You can start from $10. You can add to it as a one-off, or set up recurring investments fortnightly or monthly on a schedule that suits your family.

Yes. This is investing, not a savings account, so the value can move up and down.

The Spriggy Growth Portfolio is designed for money that won't be needed in the short term. The PDS suggests a minimum investment timeframe of 7 years. Returns are not guaranteed.

You open and control the account while your child is under 18. The account is opened in the parent's name and may be held for the child's benefit, depending on how it is structured and operated.

Children under 18 have special tax rules for investment income. You should read section 6 of the PDS for general information on tax. This information is general only and is not tax advice.

Spriggy and Betashares provide records to help at tax time. You should consider independent professional tax advice if you are building a meaningful balance or are unsure how the rules apply to your circumstances.

Once your child turns 18, you can continue operating the Spriggy Invest account on their behalf, or you can choose to close it.

If you close the account, the investments will be sold and the cash proceeds, less any fees and costs, will be paid to your nominated bank account.

Investments held through Spriggy Invest cannot be transferred out in-specie, as securities. Holdings must be sold to cash before any funds are transferred out.

The tax consequences of closing, transferring, or continuing to operate the account after your child turns 18 will depend on your individual circumstances, including how the account was structured and operated. You should consider independent professional tax advice before making any decisions. You can also refer to section 6 of the PDS for general information on the tax treatment of investments held through Spriggy Invest.

You are in control. You can choose whether your child can see their investment, so you can either keep it private or use it as a way to teach them about long-term investing and compounding.

Distributions are automatically reinvested into the portfolio rather than paid as cash.

Over time, reinvested distributions can contribute to portfolio growth, though the balance can also fall because this is a share market investment. Reinvested distributions may still need to be reported for tax.