The cost of education is on the rise
Equipping your children or grandchildren with the skills they need to face the challenges and triumphs of the future is important. And we know that having access to a good education is a key part of this.
With over $40 billion spent each year on education from private sources1, the true cost of education is sometimes hard for families to quantify. With additional strain on the family finances an education savings plan has become front and centre for many Australians.
Want to discover the cost of education for your family? Check out our education cost calculator.
Flexibility
Our bond range offers a wide investment choice with options from Australian and International leading fund managers. Plus, unlike other child or education purposed investment and savings products, our Education Bonds offer an unrivalled level of flexibility.
Including the ability to:
- access capital tax free at any time
- access the education tax benefit
- add or remove beneficiaries at any time
- add a Bond Guardian
Tax Benefits
Education Bonds have taxation benefits and can provide superior “after-tax” investment outcomes against other investment types.
money paid into the Education Bond doesn’t attract any tax and can be accessed at any time.
Futurity pays tax on the bond’s ongoing investment earnings at a tax rate of up to 30 percent on your behalf. When you make a withdrawal to fund education, you’ll enjoy a refund of the tax paid by us which gives you an extra $30 for every $70 dollars withdrawn.
Dedicated Savings
Lump sum contributions are allowed as well as regular monthly contributions, so you can maximise the benefits of compounding within a low tax environment.
Having a dedicated education fund can help you stay on track towards your goal. Allowing you to be confident knowing your education funding plans are in place. Without the burdensome annual tax reporting required with other types of investments.
Appoint multiple Education Beneficiaries under the one tax-effective, flexible Bond.
Tailor separate investments for each beneficiary.
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