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Education Planning

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Saving for education is one of the most worthwhile things you can do for your child, but it can be challenging if you don’t know where or how to start.

With this in mind, we’ve developed Sanlam Goal Manager to help you and your financial planner set your savings goal to plan your savings journey.

Other ways to save for your child’s education is to invest online in our tax-free savings product or unit trusts.

Cost Comparison

Get a view of the cost of tertiary education.

Education Calculator

Calculate how much you need to invest.

Sanlam Goal Manager

Start saving for your child’s education.

Get Advice

Talk to a professional financial planner.

More than 51% of youth aged 18-24 claimed that they did not have the financial means to pay for their tuition.

More than 51% of youth aged 18-24 claimed that they did not have the financial means to pay for their tuition.

Compare 2019 Education Costs

To get a view of tuition and residence costs at different tertiary institutions, select the course and indicate whether it should include residence.

Note that the fees in the graph below are based on 2019 costs for one year of study.
Course
Fees

Education Calculator

Not sure how much to save for your children’s education?

Whether your child is two years old or about to go to high school, it’s never too early or too late to start saving for tertiary education. Find out how much you need to invest to secure your child’s future.

First child

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Second child

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Third child

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Four child

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Five child

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+ Add child

Current savings

You will need to save per month to cover the approximate R40 000 cost per year for a 3 year degree.

Disclaimer: These values are determined using projections based on assumptions about uncertain future outcomes and are not guaranteed. Actual future values will depend on the actual amounts invested and the experience of the selected investment portfolios with regards to investment returns, fees and taxes. This will impact your ability to reach your goals and it is therefore important to review your education plan regularly.

Taking your additional investments into account, you will need to save per month until your youngest child is 18 in order to cover the approximate annual education cost of

Disclaimer: These values are determined using projections based on assumptions about uncertain future outcomes and are not guaranteed. Actual future values will depend on the actual amounts invested and the experience of the selected investment portfolios with regards to investment returns, fees and taxes. This will impact your ability to reach your goals and it is therefore important to review your education plan regularly.

Sanlam Goal Manager

We’ve developed Sanlam Goal Manager to help you and your financial planner set your savings goal for your child’s education and plan your savings journey.

Your challenges

  • Predicting the future cost of fees
  • Working out how much to save every month, taking inflation into account
  • Constantly reviewing your progress
  • Adjusting payments to make sure you stay on track

How Sanlam Goal Manager can help

  • Using Sanlam Goal Manager, your financial planner will help you calculate the cost of your child’s future education
  • Your financial planner will also help you work out a savings plan you can afford
  • Every year, Sanlam Goal Manager will review your goal and send you the latest cost of education figures to show you if you’re still on track to reach your goal amount
  • You can also adjust your goal amount and monthly payments if your circumstances change. If so, you will be able to see the impact this could have on your end goal.

How Sanlam Goal Manager will benefit you

  • Keeps a record of your savings journey
  • Automatically adjusts your recommended monthly payments
  • Makes sure you’re able to achieve your goal with no surprises along the way

Contact a financial planner to help you achieve your savings goals with Sanlam Goal Manager.

Get Advice

Get Advice

 Investments

 

 

Unit Trustshttp://www.sanlam.co.za/personal/investments/unit-trustsUnit TrustsInvest in a diverse range of units trusts from Sanlam South Africa. Grow your investment portfolio with Sanlam unit trusts – Invest online!Grow your money to meet your goals by investing in a flexible unit trust customised to your risk and return requirements and managed by expert investment managers.http://www.sanlam.co.za/CoZaBannerImages/UnitTrust.jpg?RenditionID=5, /CoZaBannerImages/UnitTrust.jpg?RenditionID=5
Investing for Growthhttp://www.sanlam.co.za/personal/investments/Pages/investing-for-growth.aspxInvesting for GrowthSanlam’s personal investment plans are suited to various levels of affordability & risk. Reach your financial goals with an investment plan from Sanlam.Make the most of your money by choosing from our wide range of investment options that offer different levels of affordability and flexibility to match your lifestyle.http://www.sanlam.co.za/CoZaBannerImages/InvestingInGrowth.jpg?RenditionID=5, /CoZaBannerImages/InvestingInGrowth.jpg?RenditionID=5
International Investmentshttp://www.sanlam.co.za/personal/investments/Pages/international-investments.aspxInternational InvestmentsDiversify your portfolio across global markets by investing offshore with Sanlam. Our international investment solutions match all investor needs.Enhance your portfolio with the benefits of diversifying across global markets, including lower overall risk and smoother returns.http://www.sanlam.co.za/CoZaBannerImages/InternationalInvestments.jpg?RenditionID=5, /CoZaBannerImages/InternationalInvestments.jpg?RenditionID=5
Education Planninghttp://www.sanlam.co.za/personal/investments/Pages/education-planning.aspxEducation PlanningStart planning for your child’s future today with an education policy from Sanlam. Invest in our education savings plan to give your child the future they deserve.Set a savings goal for your child’s education with Sanlam’s Goal Manager to help you work out a savings plan you can afford.http://www.sanlam.co.za/personal/investments/PublishingImages/goalManager_banner.jpg?RenditionID=5, /personal/investments/PublishingImages/goalManager_banner.jpg?RenditionID=5
Online Trading with Sanlam iTradehttp://www.sanlam.co.za/personal/investments/Pages/sharetrading.aspxOnline Trading with Sanlam iTradeiTrade is Sanlam’s online stock & share trading platform. Capitalize on the sharemarkets growth potential in South Africa with Sanlam iTrade – Register online.Benefit from the excellent long-term growth potential of quality local and international shares and protect your money from the effects of inflation.http://www.sanlam.co.za/CoZaBannerImages/Sharetrading.jpg?RenditionID=5, /CoZaBannerImages/Sharetrading.jpg?RenditionID=5
Sanlam Tax-free Savingshttp://www.sanlam.co.za/personal/investments/Pages/Sanlam-Tax-Free-Investments.aspxSanlam Tax-free SavingsTax free savings & investment accounts from Sanlam South Africa offer tax-free returns on interest, dividends or capital gains earned - From R350 per month.With a Sanlam Tax-free Investment you don’t pay tax on any of the interest, dividends or capital gains you earn on your investment.http://www.sanlam.co.za/CoZaBannerImages/moneyMeetups.jpg?RenditionID=5, /CoZaBannerImages/moneyMeetups.jpg?RenditionID=5

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