New education savings plan from Lifeplan - the Lifeplan Education Investment Fund - offers the same tax effective investment vehicle with more features and investment options.
The Lifeplan Education Savings Plan is a purpose built savings and investment product designed to help you build a nest egg to fund the education expenses of your children, grandchildren or a special child in your life. The Lifeplan Education Savings Plan can be used for a lifetime of education: primary (including pre-school), secondary, tertiary (including TAFE) and special needs education, in Australia and overseas.
It offers a valuable combination of simplicity, flexibility and security, with special tax benefits and professional investment management. Lifeplan Education Savings Plan also include the following benefits:
Capital guaranteed investment
Lifeplan will invest in a diversified portfolio of Australian fixed interest investments to provide you with consistent and reliable returns with the added security of capital guarantee.
Tax Advantages
Invest without increasing your personal tax liability. The plan investment also does not increase the student's personal tax bill or require a tax return claim whilst the contributions are earning income and before education benefits are paid.
You can start your education savings plan with any one of Lifeplan's flexible contribution options:
- Kickstart: kick start your plan with a contribution of at least $500. Additional contributions of at least $250 can be made at any time.
- Double Decker: requiring a contribution of at least $250 plus regular monthly contributions of at lest $50.
You can make contributions up to a maximum of $350,000 per nominated student.
| Fee Disclosure | | 2020 DIRECTINVEST may receive a trailing commission of up to 0.36% pa. This trailing commission is paid by the fund manager and is NOT an additional charge to the investor.
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