Education Plan

Financial product designed to help individuals save for their or their dependents

What is a Education Plan ?

An educational plan investment is a financial product designed to help individuals save for their or their dependents' education expenses. These plans are often offered by financial institutions, insurance companies, or educational institutions, and provide a tax-efficient way to save for future education expenses.

Educational plan investments typically require regular contributions over a fixed period of time, and the funds are invested in a portfolio of assets, such as stocks, bonds, or cash, with the goal of generating returns over the long term. The funds can be used to pay for a wide range of education-related expenses, including tuition fees, accommodation costs, textbooks, and other academic expenses.

Benefits of an educational plan investment in South Africa

Tax benefits

Educational plan investments offer tax benefits, as contributions may be tax-deductible, and any investment returns earned are typically tax-free. This can help investors maximise their savings and keep more of their money.

Long-term savings

Educational plan investments provide a disciplined savings plan for long-term education expenses, which can help investors reach their financial goals.

Education inflation protection

Educational plan investments are designed to keep up with the rising cost of education over time, providing inflation protection for education expenses.

Flexibility

Educational plan investments offer flexibility in terms of contribution amounts and investment options, allowing investors to tailor their plan to their individual needs and goals.

Peace of mind

Educational plan investments provide peace of mind and financial security, knowing that education expenses can be covered without incurring additional debt.

Investment growth potential

Educational plan investments are invested in a portfolio of assets, such as stocks, bonds, and cash, with the goal of generating returns over the long term. This can provide potential for investment growth and help investors achieve their savings goals.

What other clients also insured

Unit Trust

Investment fund priced and traded in units representing a mix of shares and investments, enabling diverse goals across various time frames.

Group Retirement Annuity

Companies set up Group Retirement Annuity Plans for the benefit of their employees when they are looking to retire.

Retention Plan

A Retention Plan is a way of incentivising and motivating current and future employees to remain within a company.