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Cut tax and educate your grandkids

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Global investment house Foresters Financial is hoping to tap into the mass generational wealth transfer occurring in Australia by offering a new education bond aimed at helping families fund their children’s education.

Education bonds allow beneficiaries to withdraw funds for a wide range of purposes, including school fees, excursions, sports equipment and university accommodation.

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Hannah Wootton is a reporter for the Financial Review. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/wealth/personal-finance/establishing-an-education-bond-for-the-grandkids-20230801-p5dt39