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education planningInvesting in an education plan is one way of ensuring your child
gets the best education possible.

Want to invest for your child's education?

You’ve come to the right place. We don’t only aim to make saving for your child’s education easy and flexible, we also want to see your kid get the best education under the sun. Whether you want to save for yourself or for your child, we have education savings plans designed for your education needs. Never struggle to cover the cost of uniforms, sports gear, music lessons and for some, extra maths and science lessons. It’s never too early or too late to start, let us help you plan for those education costs.

A South African couple play a game of soccer with their two children outdoors.

Do you know why having a saving plan for education is important?

How much should you save for a child's education?

The examples set out in the table below show the estimated future cost of a university degree. The best time for education planning is around the time your child is born. That way, you have lots of years ahead of you to save money in an education plan. If you didn’t start saving for education when your child was born, then the next best time to start is now.

Child's current age
Estimated Future Education Costs
How much you will have saved with R500 per month
How much you will have saved with R1 000 per month
How much you will have saved with R1 500 per month
3 years

R991 099

R475 054
R950 109
R1 425 163
8 years

R674 525

R238 231
R476 463
R714 694
10 years

R578 297

R175 067
R350 134
R525 202
3 years
8 years
10 years
Estimated Future Education Costs

R991 099

How much you will have saved with R500 per month
R475 054
How much you will have saved with R1 000 per month
R950 109
How much you will have saved with R1 500 per month
R1 425 163
Estimated Future Education Costs

R674 525

How much you will have saved with R500 per month
R238 231
How much you will have saved with R1 000 per month
R476 463
How much you will have saved with R1 500 per month
R714 694
Estimated Future Education Costs

R578 297

How much you will have saved with R500 per month
R175 067
How much you will have saved with R1 000 per month
R350 134
How much you will have saved with R1 500 per month
R525 202
The purpose of this table is to illustrate the benefit of starting to save for education as early as possible. Assumes: the cost of a 4-year-degree, with your child starting at age 18yrs; an 8% expected annual growth in value of savings; an 8% expected annual inflation rate. Growth rates can vary depending on economic circumstances. The amount that you need to save might however differ depending on your specific circumstances and needs. Please do not rely purely on this table when making financial decisions. It’s always important to get professional financial advice.
Okay, so you get the picture, now let's explore your options

We know you don’t only want your child to be bright in class, you also want a bright financial future for yourself. Right? The feeling is mutual - we want all things bright. Our products are designed to make saving for education in South Africa simple and flexible. Have a look at our products and make saving for education fun.

Features
Tax Free Savings Account

Grow your savings without paying tax on the growth your money makes.

FutureInvest 4 Education

A fixed investment plan designed to help you save for education

Flexible Plan

Allows you to supplement your tax free savings or save for any other goals

Unit Trusts

A highly flexible investment with a large selection of funds to choose from

Starting premium

From R250/month

From R400/month

From R500/month

From R500/month

Is my investment growth tax free?

Can I access my money when I need it?

Can I choose funds outside Old Mutual?

Can I invest online?

Tax Free Savings Account

Grow your savings without paying tax on the growth your money makes.

Features
FutureInvest 4 Education

A fixed investment plan designed to help you save for education

Features
Flexible Plan

Allows you to supplement your tax free savings or save for any other goals

Features
Unit Trusts

A highly flexible investment with a large selection of funds to choose from

Features

Starting premium

From R250/month

Is my investment growth tax free?

Can I access my money when I need it?

Can I choose funds outside Old Mutual?

Can I invest online?

Starting premium

From R400/month

Is my investment growth tax free?

Can I access my money when I need it?

Can I choose funds outside Old Mutual?

Can I invest online?

Starting premium

From R500/month

Is my investment growth tax free?

Can I access my money when I need it?

Can I choose funds outside Old Mutual?

Can I invest online?

Starting premium

From R500/month

Is my investment growth tax free?

Can I access my money when I need it?

Can I choose funds outside Old Mutual?

Can I invest online?

Please note that it always remains important to read and understand the terms and conditions of each product.
Why save for education?The cost of education increases at a faster rate than general inflation. This means you must invest in a solution that can provide returns that can beat those escalating education costs.
Some helpful reads on education savings

Here's some reading to help get your head around saving for education in South Africa.