Commonwealth Bank Education Savings Plan

Commonwealth Bank Education Savings Plan

Are you looking for a good education savings plan for your kids? Try the Commonwealth Bank Education Savings Plan. The Commonwealth Bank Savings Plan is provided by Lifeplan Australia Friendly Society Limited. The savings plan provides financial assistance for your children's education up to the tertiary level. The Commonwealth Bank Education Savings Plan does not require entry or exit fees. It also allows you to choose from different investment options from conservative to high growth.

The Commonwealth Bank Education Savings Plan provides financial assistance for pre-school, primary, secondary, and tertiary education. It also covers special needs education in Australia and abroad. The Commonwealth Bank Education Savings Plan allows you to withdraw tax-advantaged funds for educational purposes. These include funding for tuition fees, student union fees, uniforms, books, and HECS/HELP debts.

The Commonwealth Bank Education Savings Plan allows you to make an initial lump sum contribution a specified amount. You can subsequently make deposits through a regular savings plan or by additional lump sum contributions. You can increase or decrease ongoing distributions without any fees or penalties.

The Commonwealth Bank Education Savings Plan offers you four investment options:

• Capitol Secure Option. This option is ideal if you want to invest in diverse but comparatively stable cash and fixed interest investment portfolio.
• Balanced Option. This option is ideal for people who want to invest in a more diversified portfolio over a short to medium term.
• Diversified Option. This option is suited for those who want to invest in high risk and diversified portfolio over a medium to longer term.
• High Growth Option. This option is ideal for investors who want to invest in a diversified portfolio of Australian and global shares over the long term.