APPOINT MULTIPLE EDUCATION BENEFICIARIES UNDER THE ONE TAX-EFFECTIVE, FLEXIBLE BOND
Futurity leads the way in helping you cover education expenses at every stage of your life. Fund school and university and other associated education costs, with an innovative new Education Bond that works like your own special purpose ‘education’ family trust.
With the ability to appoint up to ten Education Beneficiaries you can cater for the education needs of multiple generations of your family and/or philanthropic giving.
The flexible structure gives you full control and access to your funds at any time, both for making Education Benefit Claims and withdrawals for any purpose. Importantly, when you make Education Benefit Claims to fund education costs, these claims have particularly attractive tax outcomes. This is because Futurity automatically adds an Education Tax Benefit of $30 for every $70 claimed from your Education Bond’s earnings component as Education Benefits.
Contributions to your bond can be made via a regular savings plan or lump sum contributions. You can then choose how your funds are invested via our expansive investment menu with options to build your own portfolio or use a custom blended option.
TAILOR SEPARATE INVESTMENTS FOR EACH BENEFICIARY
An Individual Education Bond allows you to nominate a single Education Beneficiary who will be the sole recipient of the Bond’s benefits.
Enabling you to plan, save and invest to ensure that future education expenses for your nominated Education Beneficiary will be met.
The flexible structure gives you full control and access to your funds at any time, both for making Education Benefit Claims and withdrawals for any purpose. A unique feature of an Education Bond is its tax effective outcomes when you make Education Benefit Claims for your Education Beneficiary. This is because Futurity automatically adds an Education Tax Benefit of $30 for every $70 claimed from your Education Bond’s earnings component as Education Benefits.
Contributions to your bond can be made through a regular savings plan or by making lump sum contributions. You choose how your funds are invested by selecting from our expansive investment menu, with options to build your own portfolio or use a custom blended option.
Ahead of the pack for tax-effective education investing
Futurity Education Bonds are a smart tax-effective choice, offering a variety of tax benefits. Making them a great choice for tax-effective investing.
Due to their unique structure you may enjoy lower tax rates, education benefits and tax-free withdrawals when compared to traditional managed investments. Which is particularly appealing to those on a higher personal tax rate. With the added benefit of not needing to declare ongoing earnings in your annual tax return.
Wealth and estate planning features
Futurity Education Bonds have great estate planning features to ensure your investment is treated in line with your future wishes. You can make ‘Will-like’ nominations to achieve tax-effective inheritances, which means your Bond’s proceeds are distributed to your chosen nominees on a tax-free basis. You may also appoint a Bond Guardian to carry out your wishes should you die or become incapacitated.
Through the Future Activated Transfer feature of the Bond you are able to select a date or life event, that results in the Bond automatically shifting ownership from the original Bond Owner to another person (such as a child or grandchild), company or a trust.
Choose from an extensive menu of investment options
Our investment menu has been designed to give you the just the right amount of choice and flexibility to suit your family’s unique circumstances. With choices including both active and passive investment styles designed to help meet your educational cost and investment objectives. Plus, the addition of a socially responsible choices. within the different investment options.
If you’d prefer some additional guidance and are looking to simplify your choices, check out Futurity EdSaver. Where we have done the hard work for you to narrow down and simplify your investment choices.
Make an informed choice
At Futurity, transparency and openness is important to us so we’ve gathered together all the details to help you make an informed decision.
Calculate the real cost of education
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Futurity Education Bonds PDS
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A guide to establishing and managing your Bond
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