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Smart, Simple and Secure
Futurity EdSaver is an Education Bond, which is a savings and investment product designed specifically to meet the costs of education. You can start with as little as $1,000 with an ongoing savings plan of $200 per month or invest $5,000 or more with no savings plan required.
Flexible
You have full control and access to your funds at any time, whether this be for educational expenses, or any other purpose.
At any time you also have the freedom to:
Tax Effective
Because EdSaver is an Education Bond, you can enjoy the great tax benefits available within this unique structure.
Education Tax Benefits
This is a special concession under Australian tax law that represents a refund of tax already paid by Futurity on your behalf.
In practice, this means when you make a withdrawal for the purpose of funding education costs, you’ll enjoy the Education Tax Benefit. This amounts to an additional $30 for every $70 withdrawn from your investment earnings.
What is EdSaver?
As EdSaver is an Education Bond, it includes unique education specific tax advantages.
When you make a withdrawal to cover educational expenses, you will receive a refund of the tax Futurity paid on your behalf. This is known as the Education Tax Benefit.
To access this education tax benefits simple fill in the appropriate online form when withdrawing your funds from your EdSaver account.
You also still have full access and control of your funds should you wish to use them for non educational purposes.
EdSaver can provide funding for a full spectrum of lifelong eligible education courses ranging from Pre-School right through to adult education.
Courses can be Australian and international, and can include full-time, part-time, and a whole range of other ways of studying. Costs covered include:
Not sure how much to put aside? Check out our cost of education calculator to help you plan.
Futurity EdSaver: Saving and investing for education made easy
Savings and Investment Calculator
Our savings and investment calculator can be used as a guide to estimate your returns and potential Education Tax Benefits available depending on your contributions and investment performance.
Balance at end of investment period:
Initial Investment
Additional Savings
Total Earnings
Potential Education Tax Benefit Available:
Learn more about the assumptions we have used to make the calculation and the general nature of the advice that it provides.
Investment Menu
Investment Risk Profile - Medium
A Balanced investment option gives you a moderate level of exposure to some growth assets, combined with defensive assets. A Balanced investment strategy invests across a mix of asset classes like cash, fixed interest, property and shares, targeted to achieve medium to long-term capital growth, while balancing that with less short-term risk caused by market fluctuations.
EdSaver offers two Balanced options:
Futurity Managed & Blended – Balanced Portfolio (FM1)
Investment Objective
To outperform (before fees and tax) the balanced portfolio asset class mix based upon the long-term strategic asset allocation of the Fund.
Investment Strategy
To construct investment portfolios aimed for stable and reliable returns, without taking excessive risk, over the long-term. A key focus is the Fund’s diversified long-term strategic asset allocation amongst asset classes, investment managers risk types and individual securities.
Annualised performance as at 31 July 2024 (net of fees and taxes)
1 Month
1.82%
3 Months
2.85%
6 Months
3.86%
1 Year
4.97%
2 Years
3.81%
3 Years
1.67%
4 Years
3.20%
Total Management Fees per annum: 1.23%
Buy / sell costs: 0.15% / 0.15%
Futurity Diversified Indexed – Balanced (DP2)
Investment Objective
This UMF seeks to track the weighted average return of the various indices of the underlying funds in which it invests, in proportion to the Strategic Asset Allocation.
Investment Strategy
The Fund provides low-cost access to a range of sector funds, offering broad diversification across multiple asset classes. The Balanced Fund targets a 50% allocation to income asset classes and a 50% allocation to growth asset classes, and is for investors with a balanced tolerance for risk.
Annualised performance as at 31 July 2024 (net of fees and taxes)
1 Month
2.45%
3 Months
3.95%
6 Months
4.47%
1 Year
7.08%
2 Years
4.81%
3 Years
1.13%
4 Years
3.06%
Total Management Fees per annum: 0.90%
Buy / sell costs: 0.10% / 0.10%
Investment Risk Profile - Medium to High
Growth investments are typically used when targeting a higher rate of return. But this does mean you will be taking on a higher level of risk, so these investments are better suited to meeting longer term financial goals of five years or more. Growth investments include shares, property and alternative investments.
EdSaver offers two Growth options:
Futurity Managed & Blended – Growth Portfolio (FM2)
Investment Objective
To outperform (before fees and tax) the growth portfolio asset class mix based upon the long-term strategic asset allocation of the Fund.
Investment Strategy
To construct investment portfolios aimed for stable and reliable returns, without taking excessive risk, over the long-term. A key focus is the Fund’s diversified long-term strategic asset allocation among asset classes, investment managers risk types and individual securities.
Annualised performance as at 31 July 2024 (net of fees and taxes)
1 Month
2.31%
3 Months
3.66%
6 Months
5.41%
1 Year
7.00%
2 Years
5.63%
3 Years
2.62%
4 Years
4.96%
Total Management Fees per annum: 1.25%
Buy / sell costs: 0.18% / 0.18%
Futurity Diversified Indexed – Growth (DP3)
Investment Objective
This UMF seeks to track the weighted average return of the various indices of the underlying funds in which it invests, in proportion to the Strategic Asset Allocation.
Investment Strategy
The Fund provides low-cost access to a range of sector funds, offering broad diversification across multiple asset classes. The Growth Fund targets a 30% allocation to income asset classes and a 70% allocation to growth asset classes, and is for investors seeking capital growth.
Annualised performance as at 31 July 2024 (net of fees and taxes)
1 Month
2.88%
3 Months
4.67%
6 Months
6.05%
1 Year
9.12%
2 Years
6.98%
3 Years
2.72%
4 Years
5.31%
Total Management Fees per annum: 0.90%
Buy / sell costs: 0.09% / 0.09%
Investment Risk Profile - High
If positive environmental, social or ethical issues are important to you then this investment strategy not only feels good, but offers growth style investment return potential. Also known as ethical, sustainable or socially conscious investing, this option avoids investment in industries and companies that produce goods harmful to health, society or the environment. It offers a high growth option with 100% invested in shares or property. Because it’s a high growth, more aggressive style investment option, this option is better suited to those with a longer term investment horizon, as short-term negative returns can be experienced.
These types of investments offered in EdSaver are:
Futurity Managed & Blended – Responsible Investment Portfolio (FM3)
Investment Objective
To outperform (before fees and tax) the S&P/ASX 300 Accumulation Index over the medium to long-term.
Investment Strategy
To construct a multi-manager blend of underlying managed funds that invest using RI principles. The Fund invests about 80% of its assets in Australian Equities and about 20% in International Equities.
Annualised performance as at 31 July 2024 (net of fees and taxes)
1 Month
3.90%
3 Months
4.78%
6 Months
8.30%
1 Year
10.71%
2 Years
9.27%
3 Years
4.70%
4 Years
10.32%
Total Management Fees per annum: 1.30%
Buy / sell costs: 0.18% / 0.18%
Futurity Sectoral Indexed – Responsible Investment (SP6)
Investment Objective
To track (before fees, expenses and tax) the return of the FTSE Developed ex Australia ex Non-renewable Energy, Vice Products and Weapons Index in Australian dollars.
Investment Strategy
The Fund provides exposure to many of the world’s largest companies listed in major developed countries. It offers low-cost access to a broadly diversified range of securities that excludes companies with significant business activities involving fossil fuels, alcohol, tobacco, gambling, military weapons and civilian firearms, nuclear power and adult entertainment. The Fund is exposed to the fluctuating values of foreign currencies, as there will not be any hedging of foreign currencies to the Australian dollar.
Annualised performance as at 31 July 2024 (net of fees and taxes)
1 Month
2.98%
3 Months
6.89%
6 Months
10.72%
1 Year
18.01%
2 Years
14.98%
3 Years
7.20%
4 Years
10.62%
Total Management Fees per annum: 0.84%
Buy / sell costs: 0.07% / 0.07%
Investment Risk Profile - Very Low
This type of investment option generally has a lower level of risk so it delivers lower but more stable positive returns. Making it an option for those seeking to protect wealth and diversify their portfolio.
Futurity Sectoral Active – Cash (SA1)
Investment Objective
To outperform (before tax and fees) the returns of Australian money markets over rolling two year periods as measured by the Reserve Bank of Australia cash rate.
Investment Strategy
The Fund invests in high quality money market securities, with short-term maturities, to achieve a stable income stream. The Fund invests in assets that offer value-for-risk by taking into account economic analysis and market trends. Derivatives may be used for risk management.
Annualised performance as at 31 July 2024 (net of fees and taxes)
1 Month
1.54%
3 Months
2.01%
6 Months
2.70%
1 Year
4.07%
2 Years
2.96%
3 Years
2.01%
4 Years
1.49%
Total Management Fees per annum: 0.46%
Buy / sell costs: 0% / 0%
EdSaver
Establishment Fee Nil
Contribution Fee Nil
Withdrawal Fee Nil
Exit Fee Nil
Total management fees range from 0.46% p.a. up to 1.30% p.a. depending on your chosen investment option from the EdSaver Investment Menu.
Other fees you may incur are:
Buy/Sell Costs for the Investment Options in EdSaver range between 0.00% and 0.18%
Direct and Reimbursable Costs capped at 0.10% p.a. per investment option.
To see more detail based on your selected investment option, please view our Summary Fee Information
Step 1
Download and read the Education Bond PDS.
Step 2
Click the APPLY button and complete the application.
Step 3
We’ll need to verify your ID so please have your driver’s licence and passport details ready (other options available).
Step 4
Review the application details, sign and submit.
Once you have submitted your application, it should be processed in roughly 24 hours. You will then receive an email confirmation which will include access to your investor portal.
Then, you’ll be well on the way towards securing the education you want for yourself or your loved ones.
More useful information
FAQs
EdSaver can provide funding for a full spectrum of lifelong eligible education courses ranging from Pre-School right through to adult education. Courses can be Australian and international courses, including full-time, part-time, and a whole range of other ways of studying.
The range of related expenses covered extends well beyond course tuition fees. You can also claim additional add-on expenses such as travel, cost of living away from home, uniforms, books, electrical devices, and much more.
EdSaver is highly flexible and can cater to a range of lifelong expenses.
Education related drawdowns receive a special taxation benefit called the Education Tax Benefit. However, you can access funds for other purposes and may still achieve desirable tax outcomes. When a withdrawal is made for non-education related expenses, advantageous Investment Bond rules will apply.
We recommend that prospective Bond Owners seek independent taxation advice.
There is a cooling off period of 14 days from the first to occur of either, receipt of your Confirmation Certificate or 5 days after we issue your Bond should you change your mind regarding the investment. You will receive your funds back at the current unit price including any fees that were payable (initial advice and/or stamp duty).
Once established, you have the flexibility to:
These features are all immediately available via simple forms on our Investor Portal. We will also provide you with more information about how to make the most of your EdSaver through ongoing communications.
Once your EdSaver has been established, you can take full advantage of all the Estate Planning features available to ensure your investment is treated in line with your wishes.
The Bond Estate Nomination feature ensures the proceeds of your EdSaver are paid to your Bond Estate Nominees if you die (and are the last surviving Life Insured) before the end of the Bond Term. This ensures that benefits pass to them outside of a Will and without going through the normal probate and estate procedures. Bond Estate Nominees can be changed at any time.
A Future Activated Transfers allows you to have the ownership of your EdSaver transferred to another party (such as a child or grandchild) upon your death or certain period after your death. The Transferee receives full ownership in its tax-advantaged state.
Alternatively, a Bond Guardian can be appointed to act on your behalf in the event of death, legal, physical or mental incapacity. The role of the Bond Guardian is to ensure that the original intentions for the EdSaver are carried out and must act in the best interest of the beneficiary. You can elect for the Guardian to have either restricted or full powers.
You do not need to appoint an Education Beneficiary to establish an EdSaver, however, you must appoint one or more beneficiaries prior to making an Education Benefit Claim.
Yes, you have wide discretion to appoint and remove Education Beneficiaries as you choose.
No, the wide classes of Education Beneficiaries, including yourself, can be any age. You can even establish a Bond for not yet born children.
What happens if Education Beneficiaries complete their education and there are still funds left in my EdSaver?
If there are still funds left after all education claims have been finalised, you can either nominate a new Education Beneficiary or continue to make Other Withdrawals for non-education purposes.
You can also close and fully withdraw at any time.
Yes.
Your EdSaver is initially established with a Bond Term of 99 years but you may change this at any time.
Your Bond Term can be set at:
This is the person or multiple persons whose death triggers the closure of the EdSaver and distribution of benefits.
Your EdSaver is normally set up with you, the Bond Owner(s), as the Life/Lives Insured. Other persons, such as beneficiaries can be added as a Life Insured at any time but a Life Insured cannot be removed from the Bond once appointed.
No - when considering investing into an EdSaver, it is important to understand that: