Savings And Investing For Our Children...

We are repeatedly asked the questions above by parents, grandparents, uncles, aunties and god parents, who wish to help cover future education or other costs, or simply to endow to a child upon attaining adulthood.

Careful Consideration

When investing on behalf of children there are certain considerations, including who will have legal control over the investment, and how the funds will be taxed. (Do you know, for example, that a child can be taxed as highly as 66% on investment income?)

An ideal answer to all these questions is the LifePlan Education Investment Fund, developed by Lifeplan Australia Friendly Society Limited.

This plan is simple and tax-effective, and though designed essentially to provide for future education costs, may be used for any purpose at the discretion of the plan owner.

At Wellinvest, we fully subscribe to Lifeplan’s superbly designed plan, and its practical, no-nonsense solution to assist parents and grandparents to provide for their children and grandchildren.

Should you wish to have further details, or to discuss the use of this plan for your children, please contact our office.