Stratus Edufocus is an education savings plan that offers excellent potential growth on your investment. Simply choose the funds that match your risk and return requirements so that your money can grow for a strong foundation for your child’s future financial security.
R10 000 lump sum only R5 000 lump sum with recurring payments
R300 per month if you invest for 10 years or longer
Higher minimum monthly payments apply for shorter terms and some investment funds
Entry age of child
The minimum entry age is 1 on the next birthday and the maximum entry age is 14 on the next birthday.
How long you invest for
The minimum investment term is five years and the maximum investment term is 20 years.
Freedom to change your choice
You can change your underlying investment funds as your risk appetite changes up to four times a year, free of charge.
Your investment choices
You can invest in up to 10 funds, choosing from a diversified range of investment funds to cater for your varying risk profile and preferences. The minimum investment is R50 per fund.
Access to your money
You can make a full or partial cash withdrawal during the first five years of the plan.
When your initial term expires
You have the following options:
If the child dies
The fund value of the plan is payable.
If you die or become disabled
It you add the optional waiver of payment benefit, Sanlam will continue with your payments until the end of the initial term to ensure that this provision is not compromised when you cannot make the payments due to to your death or disability.
Fees vary per product and your underlying investment. Please speak to your financial planner to make sure you pay the correct fees and that you understand which fees you pay and why.
Why get financial advice
It is important to bear in mind that any investment has some risk. We therefore recommend that you consult a financial planner who can help you find the most appropriate products for your needs and circumstances.