Parents with children born between 2025 and 2028 will be able to claim a $1,000 government investment account through a new scheme launching on 4 July 2026. These accounts, known as Trump accounts, function similarly to retirement funds, investing in stock market indexes such as the S&P 500. However, parents must actively sign up—the money is not provided automatically.
Funds in the accounts will remain locked until the child reaches the age of 18. The investments are limited to low-cost index funds with fees capped at 0.1%. These accounts grow tax-free until withdrawal, mirroring traditional retirement savings plans.
