Is there a 529 (US) equivalent in Australia

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gmehta
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Joined: Fri Oct 12, 2018 9:28 pm

Is there a 529 (US) equivalent in Australia

Post by gmehta » Mon Feb 04, 2019 12:35 pm

Hi,

Does anyone know if there is a college savings plan in Australia (similar to the 529 we have in US)?


Thanks

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Barry Barnitz
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Re: Is there a 529 (US) equivalent in Australia

Post by Barry Barnitz » Fri Feb 08, 2019 4:30 pm

gmehta wrote:
Mon Feb 04, 2019 12:35 pm
Hi,

Does anyone know if there is a college savings plan in Australia (similar to the 529 we have in US)?


Thanks
Hi:
I am not Australian, but here are two links which might provide you with information regarding options for Australians saving for college expenses. Hopefully, some of our Australian members will weigh-in on the relative costs and benefits of the various options.

regards,
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Ma15
Posts: 55
Joined: Tue May 12, 2015 1:21 am
Location: Australia

Re: Is there a 529 (US) equivalent in Australia

Post by Ma15 » Sun Feb 10, 2019 10:01 pm

The closest equivalent is an investment bond - https://www.moneysmart.gov.au/investing ... ance-bonds

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