This product is now closed to new investors. Current investors are still able to make additional and regular contributions to their existing plan.
(The Commonwealth Bank Educations Savings Plan is an initiative of Lifeplan and the Commonwealth Bank. Lifeplan is the product issuer and administrator. The Commonwealth Bank is the distributor and promotes the plan by marketing it to its customers.)
The Education Savings Plan is a specially designed savings and investment product to help clients fund the education expenses of their children or grandchildren. The Plan 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 Plan 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.
To view monthly performance reports click here.
Key features of the Commonwealth Bank Education Savings Plan:
- Choice of 4 funds for investing: Capital Secure, Balanced, Diversified and High Growth.
- Minimum lump sum investment $1,000 per option.
- Regular Savings Plan minimum $100 per option.
- Easy access to funds.
The information on this site does not take into account the financial objectives, situation or needs of any particular person. You should consider whether or not a product is appropriate for you. In deciding whether to acquire an investment or savings product please consider the current relevant Product Disclosure Statement, Terms and Conditions or Disclosure Document which are available from the product issuer, Lifeplan on 1300 1300 38. Some of these documents can be downloaded from this web site. Click here for more important information. Lifeplan also recommends that you read our Financial Services Guide. Lifeplan's contact details are provided only for inquiries by individuals or organisations about the products and services it provides. It does not give permission for them to be used for unsolicited marketing. Products referred to on this site are only available in Australia.