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.
withdrawals from capital account
minimum investment
maximum tax rate on earnings
expenses covered
The bond can be used for a wide range of education expenses, including:
Eligible expenses must relate directly to study in an approved course and may include:
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.
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.
To request a copy of the Centuria LifeGoals Education Bond Product Disclosure Statement (PDS), please complete the form. The PDS will be sent to the email address you provide.
