Emma Sakellaris

Foresters Financial, a member-owned financial services company providing investment bond solutions for investors seeking better ways to grow, protect and transition family wealth has expanded its offering with the launch of a new Education Bond.

The Education Bond, available from today offers a tax-effective avenue for families of all situations to save for and fund their children’s education. The Education Bond helps to reduce the stress on the family budget, and provides convenient access to savings when you need it.

Foresters Financial CEO Emma Sakellaris said: “Financial pressures are felt immensely at the moment, and we have identified education as a key issue for parents and grandparents wanting to provide a viable long-term solution.

“A key additional aspect of education bonds is the variety of ways it can be used and the flexibility it provides, including tax benefits, estate planning and generational transfer of wealth capabilities. Families can access funds at any time and can use it to claim anything associated with education. Whether that be anything from tuition fees, accommodation, travel, and equipment.”

The tax-effective benefit is made possible through the bond working as a ‘scholarship plan’ that allows the bond administrator to obtain a tax deduction, which is passed onto the investor when they withdraw earnings to pay for the education costs. 

The new Foresters Financial Education Bond provides flexibility to investors such as the ability to appoint alternative beneficiaries, and for others to contribute, providing inclusion to blended families, grandparents, relatives and/or friends.

Sakellaris concluded with, “The rising cost of living and education fees has subsequently had a flow on effect, impacting the ability for families to finance their children’s education which then impacts their abilities entering the ever-competitive job market.

“An education bond allows for a long-term savings plan for families to plan and invest in their future generations educational outcomes, capabilities and reduce financial stress.”

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