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.
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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
8 years
10 years
3 years
Benefits
8 years
Benefits
10 years
Benefits
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.
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 R275/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
From R275/month
Please note that it always remains important to read and understand the terms and conditions of each product.