The Education Fund

The Education Fund is ASG’s foundation scholarship program and assists parents or grandparents to save for the basic costs of their children's or grandchildren's secondary and post-secondary education.   

How The Education Fund works:

1. Enrol in The Education Fund to prepare for your child’s secondary school costs. Children can be enrolled up to the age of 10.
2. Make regular or lump sum contributions. Regular contributions start from as little as $11 per week.
3. The money you contribute to the fund is returned to you during your child's secondary school years to help pay for secondary costs.
4. If your child goes on to post-secondary study, they will receive an independent scholarship allowance that can be used to assist with education related expenses.

Why join?

• Tax Effective - As the fund is designed specifically for education it fulfils the requirements of a 'scholarship plan' under the Income Tax Assessment Act (Tax Act). This allows the fund to receive concessional tax treatment, which in turn optimises your child's education benefits.
• Flexible - Parents or grandparents may also choose to enhance their program through the Supplementary Education Program to provide for additional assistance with their child's primary*, secondary or post-secondary costs.
• Affordable - Contributions start from around $11 per week.
• Extras - Access to a range of complementary services and discounted products.
• Family Protection - In the unfortunate event of the death of the family's major income provider, our Family Protection Program fully protects your children's benefits without any further contributions being required from your family.
• Peace of Mind - This simple, disciplined approach allows you to have funds available throughout various stages of your child’s education.

* Primary elective only available where child being enrolled is under 2 years of age.

Find out more

To arrange a personalised appointment to discuss how ASG can help you save for the cost of education, please complete our online enquiry form or call us on 1800 648 945.