The Lifeplan Education Investment Fund is a specially designed savings and investment product to help clients fund the education expenses of their children or grandchildren. The Fund can be used for a lifetime of education - primary (including pre-school), secondary and a wide range of tertiary (including TAFE) and special needs education.
The Fund is simple to use, is flexible, has tax advantages to help clients meet the financial challenges of quality education and has a unique design that sets it apart from other savings and investment products.
Key Features of the Lifeplan Education Investment Fund
- A tax smart way to invest for education expenses
- Access to 16 investment options
- Across 6 leading investment managers
- No age restrictions on student beneficiary
- Ready access to your funds, including tax-free access to your contributions
- Start with as little as $1,000
New PDS and investment menu changes
Lifeplan is pleased to announce that it has issued a new Product Disclosure Statement (PDS) for the Lifeplan Education Investment Fund (LEIF) on 1 May 2012.
Changes made in the new PDS have been designed to comply with our expectations of the Federal Government’s Future of Financial Advice (FoFA) reforms. In addition, responding to feedback from financial advisers and investors, Lifeplan took the opportunity to review and enhance the investment options menus for LEIF.
From 1 May 2012, the Fund’s 16 investment options comply with our expectations of the Federal Government’s (FoFA) reforms. The new fee structures are detailed in the latest PDS. The Lifeplan Education Investment Fund investment options are:
1. AMP Capital Balanced Growth
2. AMP Capital Conservative
3. AMP Capital Sustainable Share
4. BT Active Balanced
5. BT Conservative Outlook
6. BT Future Goals
7. FirstChoice Conservative
8. FirstChoice Growth
9. FirstChoice Moderate
10. MLC Horizon 2 - Capital Stable
11. MLC Horizon 4 - Balanced
12. MLC Horizon 6 - Share
13. Perpetual Balanced Growth
14. Perpetual Conservative
15. Perpetual Industrial Share
16. UBS Cash
Lifeplan will now accept faxed/scanned applications (Adviser Use Only)
Lifeplan will now accept faxed and scanned documents (this includes applications, claims etc) to improve processing standards. Scanned documents can be emailed to firstname.lastname@example.org or if you prefer to fax your document send it to 1800 804 890.
If you have any additional enquiries, please contact the Adviser Services line on 1300 133 285.
For more information on the underlying funds of this product please refer to the
This product is issued by Lifeplan Australia Friendly Society Limited ABN 78 087 649 492, AFS Licence No 237989. Information provided here is indicative only. In any decision, you should only rely upon the content found in the Product Disclosure Statement or Disclosure Document, which you must read, since an investment can only be processed from an application form attached to it. Any decisions relating to a financial investment should only be based upon a consideration of your overall objectives, current and anticipated situation or needs, and should not be influenced by historical data such as past performance.