How? Specific saving strategies to cover the cost of educating your children is one smart solution to smooth the financial disruption when education expenses are due.
Just by committing to save regular amounts over time means you can grow your education nest egg. So, when education expenses arise, you will have the funds available to cover the costs.
To ensure your money continues to grow and keep up with the effects of inflation, it is invested in a dedicated investment vehicle.
From a personal tax perspective, as this money is generally treated as ‘tax paid’, this means you won’t pay personal tax on the earnings.
The earlier you start, the easier it is to cover this considerable cost for you and your family when the time comes.