A good education is a gift that lasts an entire lifetime. We all want what is best for our children, but sometimes this comes at a cost. And, with education these costs can be significant. Mentor has access to a number of products that may be suitable, and is able to provide advice on the best structure. Mentor can also provide projections on whether the likely balance will be enough to meet this cost.
One recommendation is to get the child involved in reading the annual statements and monitoring the growth in the investment. It is a great way to teach your child about compound interest and the benefits that come from investing.