Call 1300 50 50 50 to discuss how a Centuria Education Bond could work for you and your loved ones.
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With the Centuria LifeGoals Education Bond, you can start saving for future education costs for your kids, grandkids, or even yourself, in a tax-smart way. You can begin with just $500 and add to it regularly to build a solid nest egg for education expenses. Since it’s set up as a Scholarship Plan under tax rules, there are contribution limits – up to $1,250,000 per student to get started.
Quicklinks
Tax free
withdrawals from capital account
$500
minimum investment
30%
maximum tax rate on earnings
Education
expenses covered
What courses can be covered by the Centuria LifeGoals Education Bond?
The bond can be used for a wide range of education expenses, including:
- Pre-school to secondary school
- TAFE, university and HECS/HELP-supported courses
- Adult, community and special education
- Vocational training and apprenticeships
- Registered training organisations (RTOs)
- Courses from professional bodies (e.g. CPA, CFA®).
What education costs can also be covered?
Eligible expenses must relate directly to study in an approved course and may include:
- Tuition and course fees (including HECS/HELP debts)
- Accommodation and living costs for students away from home
- Uniforms, books, equipment and travel
- Music lessons and instruments
- Sports gear related to education.
These costs are all subject to the general requirement that they must be directly related to and incurred in relation to the enrolment and study in an approved course, Centuria Life determines whether an education expense is an approved education expense.
Looking to invest?
Looking to invest?
Education Bond explained
Investment bonds vs. education bonds: what’s the difference?
Education bonds are a type of investment bond designed specifically to help save for a student’s future education costs.
Centuria’s Education Bond operates as a scholarship plan, allowing tax-paid earnings to be refunded when used for approved education expenses. If no education claims are made, the bond functions like a standard investment bond and follows the same tax rules, offering flexibility if your circumstances change.
LifeGoals request a PDS
To request a copy of the Centuria LifeGoals Product Disclosure Statement (PDS), please complete the form. The PDS will be sent to the email address you provide.