A good education is the key to unlock their big dreams.

Making sure that your child has a solid education to secure their future is probably one of the most important roles you have as a parent. A good education is the key to unlock their big dreams – ensuring better job opportunities, higher income and an overall better quality of life.

It might sound overwhelming, but you can proactively plan and prepare for their future education in just five steps. We provide all the tools you need.

STEP 1

Work out the cost of education

Our Cost of Education calculator will help you work out the cost of your child's pre-primary, primary, secondary and tertiary education. The calculator will produce a comprehensive report that you can download to review, or share with your financial adviser.

STEP 2

How much to save every month

Once you have a clear view of the education costs, use our How Much To Save Calculator to work out the monthly amount needed to reach your savings goal.

The Savings vs Loans Calculator will show you how much you can save by starting to save early versus how much more it could cost you if you have no savings and need to take out a loan. It really pays to start saving as soon as possible.

STEP 3

Find the money

Making small adjustments to your monthly budget will save you from making big sacrifices when it's time to pay for education. Our Pay Yourself First Calculator can help you find the money in your budget that can go towards education savings. It also gives you practical savings tips and the amounts you can save by making some small changes in your daily life.

STEP 4

Get the right advice

Contact your adviser or call 0860 66 66 59 and we'll connect you to an adviser. Your adviser will guide you in selecting the most suitable solution, taking into account your affordability, flexibility, tax, and risk profile. We'll also make sure that you have the appropriate life and disability cover to protect your child's education savings. We offer a 10% discount on life and disability cover – ask your adviser.

STEP 5

Get rewarded

You can get rewarded for saving for your child's education, having the right life and disability cover and taking control of your finances. Make sure you are signed up. As an Old Mutual Rewards member, you can earn points, depending on your tier status. By using one of our savings solutions for your child's education and having the right life and disability cover, you will move two tiers higher and earn even more rewards.

Work out the cost of education

Use the calculators below to put your plan into action.

Knowing how much to save and what your options are is the first step to giving your child the best start in life.

The cost of education
calculator

Get a good idea of what their education could cost you.

HOW MUCH TO SAVE
calculator

Work out how much to save every month to get you to your education savings goal.

SAVINGS VS LOANS
calculator

See what you can save by starting to save for their education as soon as possible.

PAY YOURSELF FIRST
calculator

See how small actions today can make a massive difference to your child's education.

Start saving for your child's education today and give them the best start in life.

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