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| Rebate Offer |
4.0% (100%) |
| Minimum Initial Investment |
$2,500 |
| Expected Close Date |
Ongoing |
| Description |
The Australian Unity Education Savings Plan is a purpose-built education product that offer tax advantages for investors. |
| Product Disclosure Statement |  | Download Product Disclosure Statement (PDS) |  | Request Product Disclosure Statement (PDS) |
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The Australian Unity Education Savings Plan is a unique investment and saving acccount, purpose-built to save for a child's post-secondary education and career training in a simple, affordable and tax-effective way. You can start investing today with a lump sum as little as $2,500. Alternatively, for Regular Savings Plan investors, an initial contribution of $500 is required and then $100 per month.
This tax effective education product offer investors three different plan options for Parents, Grandparents and Sponsors. The plan owner always remains in control of the plan enabling the owner to make withdrawals, claims, substitute new student beneficiaries and switch between investment options. Almost any higher education is available through the education savings plan, including vocational or career-training course or expense, including overseas courses and exchange.
Key features
- Flexible Contribution Options - You can invest large or small lump sums, or establish an affordable monthly savings plan.
- Investment Options - Sound investment options are available through three professionally managed portfolios. (Daily unit pricing allows you to monitor your Plan's value).
- Accessibility - Withdrawals are allowed in full or part at any time after an ESP has been in existence for 12 months, and thereafter throughout its entire term.
- Education Benefit Period - This represents a period of 1 - 10 years over which Education Benefits (value of the Plan) can be claimed.
- Residual Maturity Benefits - Any monies remaining at the end of the Plan simply revert to the Plan Owner (or to his or her estate or other Plan Nominees if the Plan Owner is deceased).
There is a choice of three managed investment portfolios available through the Australian Unity Education Savings Plan, each designed to meet different investor risk profiles and investment timeframes relating to the nominated child. Switching between portfolios is also available.
Short Term Portfolio
- Investment objective: To provide investors with stable growth over the short term.
- Investment strategy: The Fund invests in a diversified investment portfolio, with the majority of assets in quality fixed interest securities, mortgages and cash securities. The Fund maintains a modest exposure to growth assets such as Australian and international shares and property securities.
- Indicative risk level: Low to medium
- Suggested investement timeframe: At least 3 years
Medium Term Portfolio
- Investment objective: To provide investors with solid growth over the medium term
- Investment strategy: The Fund invests in a diversified investment portfolio, with the majority of assets in Australian and international shares and property securities. The Fund maintains a modest exposure to quality fixed interest securities, mortgages, property and cash securities.
- Indicative risk level : Medium to high
- Suggested investement timeframe: At least 5 years
Long Term Portfolio
- Investment objective: To provide investors with strong growth over the long term.
- Investment strategy: The Fund primarily invests in Australian and international shares, with a small allocation to cash securities.
- Indicative risk level : High
- Suggested investement timeframe: At least 5 years
For most parents (and even grandparents), the escalating cost of post-secondary education and career training for the children they love may come as a rude shock. In fact, it's not uncommon for these costs to run to $50,000 or more, which could be a painful drain on family finances. Saving for a child's education is principally not any different to saving for any other long-term investment goal and by taking a long-term view, you should choose an investment vehicle that will provide you with growth and flexibility.
Taxation information: The Australian Unity Education Savings Plan are tax-effective investment that has been structured to take advantage of Government incentives for long-term savings. The Plans' tax-effectiveness can translate to superior after-tax investment performance. Please refer to the current product disclosure statement for full details of tax treatment of investments.
| Fee Disclosure | | 2020 DIRECTINVEST will rebate 100% of the 4.0% entry fee on investments in the Australian Unity Education Savings Plan as additional units. 2020 DIRECTINVEST may receive a trailing commission of up to 0.40% pa. This trailing commission is paid by the fund manager and is NOT an additional charge to the investor.
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| Download Product Disclosure Statement (PDS) | | Request Product Disclosure Statement (PDS) |
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| Education Savings | Read more about eligible education expenses and the tax advantages of an education savings plan.
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