ASG's Future Education Program
For many future parents having a plan for your child’s education is a great way to ensure that you are prepared for education costs when they arise. Having an education plan means considering the type of education you wish your future child to undertake (for example, public, private or systemic) and the education savings you may need to set aside early on to achieve this goal.
ASG’s Future Education Program can form part of your education plan by enabling future parents to create an education nest egg, before a child is even born! ASG’s Future Education Program also offers grandparents a unique and powerful way of making a bequest for their future grandchildren’s education.
How ASG’s Future Education Program works:
- Enrol in ASG’s Future Education Program to prepare for future education costs.
- Make regular or lump sum contributions. Regular contributions start from around $15 per week.
- After your child (or grandchild) is born, you will receive benefits during their primary, secondary or post-secondary school years, depending on when you have elected the benefit to be paid.
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 children’s education benefits.
- Flexible - The program allows you the choice of contribution method and amount, with regular contributions or lump sum payment options.
- Affordable - Contributions start from around $15 per week.
- Extras - Access to a range of complementary services and discounted products.
- Family Protection - In the event of the death of the family's major income provider, our Family Protection Program fully protects your child’s or grandchild’s benefits without any further contributions being required from your family.
- Peace of Mind - This simple, disciplined approach allows you to have education funds available throughout various stages of your child’s education.
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.