Futurity Education Bonds
Futurity Education Bonds are designed for you to tax-effectively save and invest to fund your educational aspirations for you and your family. The flexible structure gives you full control and access to your funds at any time.
They are financial products for saving and investing to tax-effectively accumulate funds for meeting education expenses. As long-term, growth investments, Education Bonds are ideal for attaining financial self-sufficiency for your lifelong education objectives – whether for yourself, your family and/or others dear and important to you.
Education Bonds are investment-linked life insurance contracts between you and Futurity. Only friendly society based life companies can issue them – and they carry strong legal protections and security measures under the Life Act and stringent APRA prudential supervision of Futurity.
Education Bonds have special taxation benefits that can produce superior ‘after-tax’ outcomes as against other investment types.
Tax-Paid Investing
You can benefit from:
- lower tax that Futurity pays on your behalf on the Bond’s investment growth, rather than the higher personal tax that you might otherwise pay in your hands; and
- all investment growth being automatically reinvested – amplifying the compounding benefits of the Bond’s Tax-Paid environment.
A Valuable Education Tax Benefit
An additional cash amount is automatically included with each Education Benefit Claim due to Futurity fully passing on tax deduction benefits received when we pay Education Benefits.
Tax-Free Components
Various avenues for accessing your Bond and its distributions to you, your Education Beneficiaries and estate are made Tax-Free.
Other Withdrawals (Any Purpose)
Importantly, if you want to make withdrawals for any non-education or personal use – advantageous Investment Bond Tax Rules apply.
This is a ground-breaking Education Bond product range.
First Ever Family Education Bonds give you the ‘discretion’ to appoint up to 10 Education Beneficiaries under one tax-effective, flexible Bond.
Individual Education Bonds to tailor a separately invested, managed, and accounted for Bond for an individual Education Beneficiary.
Lifelong Education Courses & Lifelong Education Expenses are designed for you, your children, grandchildren, and others – with Bond Terms up to 99 years.
You have avenues to establish and operate your Bond as an EdInvestor or EdSaver, with the flexibility to utilise some or all the available features.
A Master Fund like Investment Menu with 32 Investment Options with leading Australian and international managers & switching tax freedom.
* We also recommend that you read and consider Futurity’s Target Market Determination that is current at the time you complete your Application (available at our website).
The information in this website contains general advice only and does not take into account your objectives, financial situation or needs. Before you act on any advice in this website please consider whether it is appropriate to your personal circumstances. You should also read the relevant Product Disclosure Statement which is available on our website: www.futurityinvest.com or you can obtain a copy by calling us on 1300 345 456.
Product issuer and finance provider is Futurity Investment Group Limited, ACN 087648879, AFSL 236665, ACL No 236665.
Futurity is an independent and mutually structured financial institution and Australia’s leading issuer of tax-effective, life-event education bonds.
We are owned by our 56,000+ members (not by shareholders) and for decades we have been supporting the education journeys of generations of Australian and New Zealand families. Since Futurity’s foundation almost 50 years ago, we have supported the education journey of over 565,000 children and returned over $3.6 billion in education benefits.
As at 30 June 2022, Futurity had total assets of $1.02 billion and we manage and invest over $900 million in education savings and investments for our members. Futurity has considerable financial strength and capital reserves that underpins our resilience to meet product, administration and service commitments to members over the long-term and across changing investment and economic cycles.
Our primary purpose is to enable our members to attain financial self-sufficiency to meet lifelong education objectives for themselves, their families and others dear to them. Futurity’s product range brings new perspectives to using Education Bonds to achieve these goals.
Futurity is a prudentially supervised financial institution regulated by the Australian Prudential Regulation Authority (APRA).
Ross Higgins is a highly experienced CEO and a seasoned financial services executive. He joined Futurity in January 2019 and has re-invented Futurity’s education product range, driving our transformation into Australia’s leading issuer of tax-effective, life-event Education Bonds.
Prior to Futurity, Ross founded Generation Life and during his 17-year tenure built it to be Australia’s leading investment bond provider. He was instrumental in the creation of its ground-breaking LifeBuilder and ChildBuilder Bonds, which captured an impressive market share.
Ross is a well-credentialed financial services professional with a diversified career experience spanning more than 35 years. This includes extensive senior executive and specialist consultancy experience – predominantly with major Australian, prudentially regulated financial institutions - including over 12 years with IOOF, two years with Australian Unity and over 10 years as a financial services lawyer.
Throughout his career, Ross has been a leading figure in industry affairs with considerable involvement with legislative reviews and lobby relevant to financial services regulation and product taxation. He’s been passionately involved in winning better taxation arrangements for investment bonds, education bonds and funeral plans - principally as a longstanding Executive Director of Friendly Societies Australia and for 16 years as an active member of APRA’s CEO’s forum.
Qualifications: B.Ec, LL.B, LL.M
Craig joined us as a participating consultant in 2010, was appointed as a Non-Executive Director in 2011 and appointed as the Chair of the Board in October 2015.
Craig has extensive experience in the financial services industry in Australia, Asia, and the United States. He is currently Managing Director of Vasco Trustees Limited, Chair of D H Flinders Corporate Advisory, Non-Executive Director of Federated Investors Australia Services Limited, and LaTrobe Health Services Limited and Chair of its Nominations & Remuneration Committee. Craig was recently appointed Non-Executive Director of REI Superannuation Fund Pty Ltd and Chair of its Investment Committee.
Previous roles include Managing Director of ASX-listed Macarthur Cook Limited, General Manager Financial Services at Australian Unity Limited, and Deputy Chair of Seaforth TAFE college in NSW.
Craig is the current Chair of Futurity’s Nominations & Remuneration Committee and a member of the Investment Committee.
Qualifications: B Com, LLB, MBA, F Finsia, MAICD
Relevant Documents
You should read the PDS, TMD (if applicable) or any Investment Memorandum (or other offer documents) related to this product before making an investment decision. These documents (if available) can be found at https://www.futurityinvest.com.au/, or if this is a "wholesale investor only" investment, can be viewed by contacting the Product Issuer identified on the aforementioned website.
Statutory Statement
The issuer of this product is identified at the top of this page. The PDS and target market determination for the product are available in the Documents section of this listing. Prospective investors should consider the PDS before deciding to acquire the product. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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