Their future. Planned.
Every parent and grandparent wants to give the next generation the best start. A Forester's Education Plan (education bond) helps you turn good intentions into a clear plan, so their opportunities grow with them.
We kept saying we’d sort it out later, but later kept getting closer. Having an Education Plan for Henry finally gave us direction and calm.
Lynn & Eddie
Plan their tomorrow, today
School fees, uniforms, laptops and uni tuition – the costs add up faster than you think, and often when you least expect them.
Planning ahead means you’ll be ready when the time comes. Instead of scrambling when fees arrive, you’ll have a plan that’s already in place, so you can focus on cheering them on, not worrying about how to pay for it. The Education Plan isn’t only beneficial for tax and savings after 10 years like other investment bonds, though. You can withdraw money at any time to cover school expenses and also get tax back for those withdrawals. It’s a highly flexible Plan, designed for real life.
Our Education Plan, explained
Our Education Plan is an education bond - a long-term, secure way to grow savings for future learning costs, with built in tax advantages.
The Foresters’ Education Plan is a straightforward, tax-effective way to make saving clear and flexible – for future education expenses from early learning to university or vocational training. You can open a plan for yourself, your children, or grandchildren. Your contributions grow within the bond, and you can withdraw funds for a wide range of education costs when needed.
There are a number of investment options you can choose from, depending on your goals.
Investment options – returns versus risk
The chart above is illustrative and is not intended to show actual return and risk outcomes to scale. Past performance is not a reliable indicator of future returns.
What is the 30% education Tax benefit?
Earnings in your Education Plan are taxed at 30% while they grow. When you withdraw funds to pay for approved education costs (like tuition or textbooks), you receive that 30% back through the Education Tax Benefit, effectively adding $30 for every $70 of earnings withdrawn.
Withdrawals can be made at any time, though if taken within the first 10 years, the income portion may be assessable to the beneficiary. As the tax-free threshold for minors is low, you may choose to withdraw more from capital within the first 10 years to help minimise tax.
Investing made simple and secure
Tax-smart growth
Earnings are taxed within the bond at a flat 30%, not at your marginal tax rate. After 10 years, withdrawals are generally tax-free, so more of your money starts working for their education.
Choice of investments
Choose from a range of investment options, from capital guaranteed to high growth, and adjust them as life changes.
Transparent growth
Published performance make it easy to follow your progress every step of the way.
Flexibility built in
Add extra when you can or make withdrawals when you need to. Your plan grows with your family.
Education Tax Benefit
When you use funds for eligible education expenses, we add back tax already paid within the fund, so more of your money goes towards their future.
Support when it matters most
If the life insured passes away, we’ll release the bond early to your nominated person, so they can access funds when they need them most.
For Australian families like yours
We’ve helped over 97,000 Australians bring their plans to life. We’d love to help you, too.
97,000+
active members
176+
years of planning with Australians
$450m
in funds managed with care
Start an Education Plan today
As your life-planning partner, Foresters is here to bring you clarity, confidence, and support. Whether you’re just starting to plan or ready to put your Education Plan in place, we’re here to help.
Your questions, answered
An education bond is a tax-effective investment plan that helps you save for education costs, from school fees to university or vocational training. Your contributions grow within the bond, and you may receive the Education Tax Benefit when you withdraw earnings for education purposes.
Yes. You can withdraw money when you need to. If it’s used for eligible education expenses, the Education Tax Benefit adds back tax already paid inside the bond.
Foresters offers multiple investment options: sustainable, balanced, growth and high growth. You can choose one or a mix that matches your goals and risk comfort.
Yes. Parents, grandparents, or other family members can contribute either a lump sum or regular savings at any time.
Yes. There is no personal capital gains tax on growth within the bond. Earnings are taxed within the bond at a flat 30%, and after 10 years withdrawals are generally tax-free. Withdrawals before 10 years include a 30% tax offset for tax already paid by the fund.
Because we’ve been helping Australians plan for life’s biggest moments for more than 176 years. As a member-owned organisation, our focus is on helping you create a clear, simple plan, not adding complexity.
We’re here to help. You can speak to one of our Australian-based consultants now on 1800 645 326.
Education Bonds are issued by Foresters Financial Limited (AFSL: 241421).
This information is general in nature and does not take into account your personal objectives, financial situation, or needs. Before acting on any information, you should consider its appropriateness to your circumstances and seek advice from a licensed financial adviser.
We take care to ensure the information provided is accurate and complete, but we make no guarantees as to its reliability. Always refer to the relevant Product Disclosure Statement (PDS), Target Market Determination (TMD), and other official documents before acquiring any financial product.