Personal Finance| How to save for your child's education
The cost of education is increasingly becoming expensive and with year-on-year hikes of about 8% it is now more important that ever to include your kids’ education into your long-term financial planning.
You are limited to contribute up to R33 000 a year into a TFSA and a lifetime contribution of R500 000. The above options are great to build capital over time, but what happens if you haven’t built enough capital and one or both parents die or become disabled? In the event of the insured parent’s death or disability, the education protector will pay for the child’s school fees all the way to university, whether in South Africa or globally.
Most insurers do provide the education protector benefit, you just need to shop around for the most cost-effective and holistic one among insurers.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Status update: five players nursing injuries in Proteas’ World Cup squadThere were five players nursing an assortment of injuries who were named in South Africa’s squad for the Cricket World Cup in England and Wales that will run from May 30 to July 14.
Read more »
Status update: five players nursing injuries in Proteas’ World Cup squadThere were five players nursing an assortment of injuries who were named in South Africa’s squad for the Cricket World Cup in England and Wales that will run from May 30 to July 14.
Read more »
Solskjaer has five games to prove he was not a mistakeOle Gunnar Solskjaer has five games left in the Premier League season to prove conclusively that the club’s hierarchy did not act too hastily in making him Jose Mourinho’s permanent successor last month.
Read more »
Vehicle overturns, killing two, injuring five in VereenigingER24 paramedics, along with another service, arrived on the scene at 10.05am to find a light motor vehicle lying on its roof in the middle of the road.
Read more »
Two dead, five injured after car rolls in GautengA car transporting seven people landed on its roof after veering out of control in Vereeniging.
Read more »
Two people killed, five injured in Vereeniging car accidentAccording to ER24, paramedics arrived at the scene to find one vehicle lying on its roof in the middle of the road.
Read more »
Here's what to look forward to for the rest of 2019Five things to look forward to for the rest of the year in the entertainment world.
Read more »
Book Review: New members in Africa's Big FiveWildlife photographers Gerald Hinde and Will Taylor have launched a stunning book about Africa's iconic species.
Read more »
Book Review: New members in Africa's Big FiveWildlife photographers Gerald Hinde and Will Taylor have launched a stunning book about Africa's iconic species.
Read more »
Algeria arrests five billionaires as part of anti-graft probe | IOL NewsFive Algerian billionaires, some of them close to former president Abdelaziz Bouteflika who quit over mass protests, have been arrested as part of an anti-graft investigation, Algerian state TV said.
Read more »
Five Algerian billionaires arrested in anti-graft crackdownMove comes after country’s army chief lieutenant general Gaid Salah said he expected members of the ruling elite to be prosecuted for corruption
Read more »