For many South African families, education is one of the biggest financial commitments they’ll ever make. And with rising school fees and the cost of higher education escalating each year, the best time to start planning is always yesterday.
Whether you dream of sending your child to a top private school, a reputable local university, or even giving them the option to study abroad, ensuring you’re financially prepared is one of the greatest gifts you can give.
Why Education Saving Matters
The Soaring Cost of Education
Annual school fee increases often outpace inflation. According to recent studies, a full private school education in South Africa from Grade R to Matric can cost upwards of R2 million. University tuition, accommodation, textbooks, and living expenses add a hefty amount on top of that.
The Earlier You Start, the Easier It Becomes
Compound interest is your greatest ally when saving for long-term goals. Starting an education fund while your child is still young allows your money to grow steadily over time—minimising the need for last-minute loans or financial strain in later years.
It’s About Freedom of Choice
Saving consistently for your child’s education opens doors to quality institutions and experiences. It empowers your children to pursue their dreams, without being limited by financial constraints.
A Structured Plan Makes All the Difference
Ad hoc saving is better than nothing, but a dedicated, goal-driven education plan gives you a clear roadmap. With the right strategy, you can invest in vehicles that are designed to grow alongside your child’s future needs.
At Austen Morris Associates, we understand that education isn’t just a cost, it’s a legacy. Our team works with parents to design flexible, tax-efficient education savings plans tailored to their financial situation and long-term goals.
Secure your child’s future – speak to an AMA consultant today to explore the best options for education saving.