You are going to be redirected to the Retirement Fund Benefits secure site. This should only take a moment.
Comprehensive, third party, fire and theft or third party only car insurance. Premium based on risk profile.
Fund education with an education plan from Old Mutual. Investing in an education plan is important, we know that. What isn't always clear is how much it's likely to cost, the timeline and how much we can afford to invest. Old Mutual offers a smart tool and products to get you started on making your child's vision of what they want to become a reality. If you prefer sound financial advice, then please provide us with your contact details and an Old Mutual Personal Financial Adviser will contact you.
The cost of education is expected to increase by about 9% per year. This means that in 5 years' time you could be looking at school fees of around R45 000 per annum - and that's for a public, not private school!
Education inflation is one of the reasons many of us struggle to save enough to cover the cost of school and university fees (and all those extras). Essentially, education inflation is higher than South Africa’s official inflation rate (Consumer Price Index) and this gap has widened from around 2% in the early 2000’s to 4% in 2016.
Add to that the cost of uniforms, sports gear, music lessons and for some extra maths and science lessons and you're looking at a rather daunting sum.
The idea of starting to save early is certainly not a new one. However, it's the 'how' and more importantly the 'how much' that need a bit more explanation. The best place to start is with your household budget - this will tell you how much you have available to invest.
The next step is to ascertain how much is required for the type of funding you need.
Think you know what you're spending your money on every month? Put it to the test with our quick and easy smart tool - the budget calculator. At the end of the two-step process you'll see just how much you have available to invest.
Now you're almost ready to start making the most of your children's education funding.
An astronaut, a teacher, a fireman, a doctor... Children dream of what they would like to become when they've grown up. Help them by providing the best opportunities with which to achieve them.
To do this you need to know how much to save, coupled with how long you have to save (estimated timeline).
Use either one of our smart tools - the Education Calculator or Old Mutual Unit Trusts' InvestRight - to establish the amount. It may be equal to or more than what you have available to invest. With three education funding products to choose from, there's bound to be one that's an ideal fit for your current requirements.
Tel: 0860 INVEST (468378)