Build Your Child’s Financial Future From Day One
530A accounts — also known as “Trump Accounts” — are coming in 2026. UNest plans to offer these accounts so families can add another tax advantaged way to invest for kids.
Launch timeline
Accounts will be available in 2026, with contributions beginning after July 4, 2026.
- Get eligibility guidance
- Understand contribution rules
- Compare 530A accounts vs UTMA vs 529
- Join the waitlist for early access
Designed to complement 529 plans and UTMA or UGMA accounts as part of a broader family savings plan.
What Is a 530A Account
A 530A account — commonly called a “Trump Account” — is a new type of IRA created under the One Big Beautiful Bill Act, designed exclusively for children. It allows families to start investing early without earned income requirements and lets investments grow tax deferred until funds are withdrawn.
At UNest, our goal is to make this simple, guided, and easy to manage alongside your other child savings options.
Who Is Eligible
Basic eligibility
- Child has a Social Security number
- Child is under age 18 on December 31 of the year the account is opened
- Each child can have only one 530A account
Pilot program eligibility
To qualify for the federal government’s $1,000 pilot contribution, the child must also be a U.S. citizen.
Good to know
Families may want to file IRS Form 4547 with their 2025 tax return so the account is ready when contributions begin in July 2026.
When Can Families Start
UNest will guide families through setup and ongoing management once the program goes live.
Accounts
Available in 2026
Contributions
Begin after July 4, 2026
Contribution Rules, Made Simple
530A accounts are designed to be flexible and family friendly.
- Parents, relatives, and employers can contribute
- Up to $5,000 per child per year from individuals and employers combined
- No earned income required
- No household income limits
Extra boost for young children
Through a federal pilot program, the U.S. government will contribute $1,000 to eligible accounts for U.S. citizen children born between January 1, 2025, and December 31, 2028. Additional contributions from government programs or charitable organizations do not count toward the $5,000 annual limit.
How Can the Money Be Invested
Funds in 530A accounts may be invested only in eligible, low cost stock index mutual funds or ETFs made up primarily of U.S. based companies, as approved by the U.S. Treasury Department.
This structure keeps investing focused on long term growth, diversification, and simplicity.
Withdrawal Rules You Should Know
- No withdrawals during the growth period, generally until the year the child turns 18
- Starting at age 18, the account follows most traditional IRA rules
One important difference: if kept separate from other IRAs, 530A accounts are not combined when calculating taxes or penalties. This can offer added flexibility for future withdrawals or Roth IRA conversions.
How Are 530A Accounts Taxed
Individual contributions
Contributions from individuals are made after tax. Upon withdrawal, only earnings may be subject to income tax and possible penalty.
Other contributions
Contributions from employers, government entities, or charitable organizations are made pre tax. Upon withdrawal, the full value of contributions and earnings may be subject to income tax and possible penalty.
All investments grow tax deferred, so no tax is due until funds are withdrawn.
Why Families Are Excited About 530A Accounts
- They provide real world experience with saving and investing
- Funds may grow substantially by age 18, especially with the $1,000 pilot contribution
- Outside contributions from employers, governments, and charities can strengthen a child’s financial start
- Working teens can have both a 530A account and an IRA
530A Account vs UTMA vs 529
These accounts can work together. Here is a simple comparison to help families decide what fits their goals.
| Feature | 530A “Trump Account” | UTMA or UGMA | 529 plan |
|---|---|---|---|
| Primary purpose | Long term investing for a child — a tax advantaged IRA for kids | Broad purpose investing or gifting for a child | Education focused savings |
| Who can contribute | Individuals, employers, government and charitable entities | Anyone, gifts to the child | Anyone |
| Annual contribution limits | Up to $5,000 per child per year total from individuals plus employers, plus possible additional government or charity contributions | No annual IRS limit, gift tax rules apply | No annual IRS limit, gift tax rules apply, state plans often have high lifetime caps |
| Earned income required for child | No | No | No |
| Investment options | Eligible low cost U.S. stock index mutual funds or ETFs, Treasury approved | Broad, depends on custodian or platform | Plan menu, age based or static portfolios |
| Taxes while growing | Tax deferred | Taxable, kiddie tax considerations | Tax deferred, qualified education withdrawals are tax free |
| Withdrawals before 18 | Generally not allowed during the growth period | Allowed if used for the child’s benefit | Allowed, but non qualified withdrawals may trigger taxes and penalties |
| Control at adulthood | Child controls starting at age 18, IRA style rules | Child controls at age of majority, varies by state | Account owner typically keeps control |
| Best for | Building early investing habits and long runway growth into adulthood | Flexible support for milestones and opportunities | Education costs, college, some K-12, certain training |
The UNest 3 Bucket Strategy
A smart approach to covering every dimension of your child’s financial future.
Education
Use a 529 plan for education goals. It can offer the strongest tax benefits when used for qualified education expenses.
Flexible life support
Use a UTMA or UGMA when you want maximum flexibility for the child’s benefit, including milestones beyond school.
Long term head start
Use a 530A account to build a long runway into adulthood with simple, index based investing and tax deferred growth.
Be the First to Know When 530A Accounts Launch
530A accounts will be available in 2026, with contributions beginning after July 4, 2026. Join the UNest waitlist to receive updates, eligibility details, and early access when accounts become available.
Tax Deferred
Grow Early
Family First