Vertazen Group Education Investment Plan – Insurance Bond
Investing in your Childrenʼs Education
Why the Vertazen Group Education Investment Plan?
Tax Effective
Enjoy the unique tax features including tax rebate for education expenses and concessional tax treatment for withdrawal of gains.
Control
Retains complete control of assets and beneficiary/student nominations at all times.
Estate Planning
Treated as a non-estate asset with the insurance company responsible for carrying out your binding beneficiary nominations.
Flexible
Capital can be withdrawn at any time tax free. Switch between investment options without incurring personal taxation issues*.
Asset Protection
Protection from bankruptcy proceedings to fund the education expenses ongoing.
Financial Privacy
Moving assets from investors name into the Insurance Company benefit funds.
Investment Options
| INVESTMENT OPTIONS | EXPECTED LONG TERM RETURN PRE TAX P.A. | INCOME / GROWTH |
|---|---|---|
| Vertazen Group EUROPE CREDIT FUND | 4%-5% | INCOME |
| Vertazen Group EUROPE HYBRID INCOME FUND | 4%-5% | INCOME |
| Vertazen Group USD HYBRID INCOME FUND | 4%-5% | INCOME |
| Vertazen Group REAL INCOME FUND | 6% – 8% | INCOME + GROWTH |
| Vertazen Group EUROPE PROPERTY FUND | 8%-10% | INCOME + GROWTH |
| Vertazen Group MULTI-ASSET CLASS GROWTH FUND | 6%-10% | GROWTH |
Investment Structure
Plan Owner
The Plan Owner is the legal owner of the investment bond and has full ownership and transaction rights. Any one over the age of 16 can invest in the plan, either in Individual names, jointly or via an entity such as a trust or company.
Nominated Student
Any individual can be nominated as a student by the Plan Owner. To be eligible for reimbursement they must have valid education expenses in approved courses only. Nominated student have no rights attached to the plan. Best tax benefits for 18+ age.
Plan Guardian
The Plan Owner can nominate a Plan Guardian to administer the plan upon their death, or alternatively the plan can be administered by the ownerʼs estate if no plan guardian is nominated. The Plan Guardian does not have the power to nominate an alternative student.
Beneficiaries
The Plan Owner can nominate a beneficiary, who will receive the proceeds of the plan on a tax-free basis, upon the death of the last nominated student, or once they have completed their studies.
Eligible Expenses
A wide range of education expenses and costs can be claimed within the plan, such as:pre-school, primary and secondary school courses, tertiary and higher education expenses including TAFEʼs, Universities and Registered Training Organisations, books, HECS/HELP fees, uniforms, equipment and living away from home expenses etc.
Investment
The maximum investment amount is $5 million AUD per nominated student and for the investment plan in total. There is no minimum investment period. Money is invested in unit trusts called benefit funds which are governed by the Life Insurance laws and regulated by APRA.