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Saving for your kids

Education HUB article

5 minute read

Pocket money for the long-term

Saving for your children’s future is a financial goal for many parents. From putting money away for their education, to lending a helping hand when their first car comes calling, we want the best for our kids.

Whatever your goals are, they usually begin with a savings account. They’re easy to open and simple to use.

However, in today’s low-rate landscape, a savings account may not be the only option.

Thinking long-term

A long-term investment may be a suitable way to make your savings work harder for you and your children. A managed fund could be the answer.

A managed fund is a professionally managed investment portfolio. The investments of individual customers are pooled together with other customers. A team of professional investment managers invest the collective monies of the investors and in doing so, look to generate a return.

With just a low initial investment, a managed fund can assist in fulfilling your objectives. You can also take advantage of compounding returns by reinvesting your distributions.

Pocket money could perform

Most kids love pocket money. But what if that allowance could take them even further than the local milk bar?

Starting with an initial $500 and a regular savings plan of $50 per month, over 21 years this could amount to $23,643 (this assumes a return of 5% p.a. and that you reinvest your distributions).

In this example, your regular deposits would total $12,600 with an investment return of $10,543 (according to ASIC’s compound interest calculator).

Please note that this example is for illustration purposes only and is not an indication of actual returns.

Let’s get started

We have a dedicated and experienced team to help you grow your children’s investment savings. Getting started is easy.

You can use our Investment Style Selector tool to help you discover what type of investor you are.

Alternatively, complete this form and one of our team members can give you a call to discuss your circumstances and what may suit you.

For more helpful advice, check out our Education HUB.

Not sure what type of investor you are?

Answer a few questions to find out. 

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Things you should know

Sandhurst Trustees Limited

Sandhurst Trustees Limited ABN 16 004 030 737 AFSL 237906 (Sandhurst) is a wholly owned subsidiary of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879. Each of these companies receive remuneration on the issue of the product or service they provide. Sandhurst is the responsible entity and issuer of the managed funds available on this website, and is also the trustee and issuer of the Bendigo superannuation products. Investments in these products are not deposits with, guaranteed by, or liabilities of Bendigo and Adelaide Bank and are subject to normal investment risk, including possible delays in repayment and loss of income and capital invested. Before making an investment decision in relation to one of these products you should consider your situation and read the relevant Product Disclosure Statement available on this site.

Sandhurst is the issuer of the commercial lending products and the provider of any traditional trustee services available on this website. The Bendigo Funeral Bond (“the Bond”) is an investment product issued by Australian Friendly Society Limited (“the Society”), ABN 29 087 648 851 AFSL 247028, with benefits provided by the Society’s Funeral Benefit Fund established under Schedule 1, Rule E of its constitution and administered by Sandhurst. The Travel Protection Plan is issued by AIA Australia Limited ABN 79 004 837 861 AFSL 230043. The Society is associated with the Bank and its related entities. Neither the Bank nor any of its related entities guarantee the repayment of capital invested or the investment performance of the Bond. Information is correct at the date of this document and is subject to change.

The content on this website has been jointly prepared by Sandhurst and Bendigo and Adelaide Bank and contains general advice only. Advice in relation to superannuation and managed investment schemes is provided by Sandhurst and advice in relation to life risk insurance is provided by Bendigo and Adelaide Bank. It is provided as general information and must not be relied upon as a substitute for financial planning, legal, tax or other professional advice. The information is given in good faith and has been derived from sources believed to be accurate at its issue date. Neither Sandhurst nor the Bendigo and Adelaide Bank give any warranty for the reliability or accuracy or accept any responsibility arising in any way, including by reason of negligence for errors or omissions for the information contained on this website. The information contained on this website is subject to change without notice. Neither Sandhurst nor the Bendigo and Adelaide Bank has an obligation to update, modify or amend this website or notify you in the event that a matter of opinion or projection stated changes or subsequently becomes inaccurate.

Neither Sandhurst nor Bendigo and Adelaide Bank is responsible for the content of any other site accessed via this site. That information is the responsibility of the site owner. Links to other sites are provided for convenience only and do not represent any endorsement by Sandhurst or the Bendigo and Adelaide Bank of the products offered by the site owner.

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Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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