Home
Financial planning
Children's education
 
Home
For Me
& My Family
For My Business
Corporates + Public Sector
Private Banking
Calculators
Rates + Pricing
About FNB + Legal
Contact Us + Tools
Careers at FNB

Close

Close

Please select

For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Close

Please select

For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Close

Close

Daily Banking

Close

Tools

Register Forgot Username or Password Verify payments

Close

Menu

Bank Family & Life stage solutions Events & Services Bank better

Switch to FNB

Product Shop

Financial Solutions

Bank Invest Borrow Insure Connect

Ways to bank

Digital Banking Branch, ATMs + Telephone Banking + @Till Banking Digital Payment Solutions nav»

Invest abroad

Global Solutions

Financial planning

Overview Personal goals Child's education Emergencies Tax free Estate + legacy planning Employee Benefits

Forex

Foreign exchange solutions

eBucks Rewards

eBucks Rewards SLOW

Switch to FNB

Product Shop

Lifestyles

Family Banking Youth accounts FNB EasyPlan Islamic banking Premier Young Professionals Medical Professionals Premier Select Over 55s Encore - Over 55s Retirement

Switch to FNB

Product Shop

Events

Events

Services

DebiCheck and Debit Order Balance Alert Limit Alert LOTTO and PowerBall Prepaid products Soccer six Traffic fines Debit order switching inContact Online vouchers Payments and Debit Orders DStv Payments Account Closure Guide

Switch to FNB

Product Shop

Bank better

Learn about banking FNB App guides

Close

Switch to FNB Business

Product shop

By Turnover

First Business Zero (R0 - R5 million p.a) Gold Business (R0 - R5 million p.a) Platinum Business (R5 million - R60 million p.a) Enterprise Business (R60 million - R150 million+ p.a)

Transact

Business Accounts Credit Cards Cash Solutions Merchant Services eWallet Pro Staffing Solutions ATM Solutions Ways to bank Fleet Services Guarantees

Savings and Investments

Save and Invest 3PIM (3rd Party Investment Manager)

Borrow

FNB Cash Advance Overdraft Loans Debtor Finance Leveraged Finance Private Equity Vumela Securities Based Lending Selective Invoice Discounting Asset Based Finance Alternative Energy Solutions Commercial Property Finance Fleet Services

Insure

Insurance

For my employees

Staffing Solutions Employee benefits

Forex + Trade

Foreign Exchange International Trade Structured Trade + Commodity Finance Business Global Account (CFC account)

Value Adds + Rewards

Connect my business the dti initiatives Enterprise and supplier development Business Hub eBucks Rewards for Business DocTrail™ CIPC Instant Accounting Solutions Instant Payroll Instant Cashflow Instant Invoicing SLOW 24/7 Business Desk FNB Business Fundaba nav» Marketplace Prepaid products Accounting integrations

Industry Expertise

Philanthropy Chinese Business Islamic Banking Agriculture Public Sector Education Healthcare Franchise Motor Dealership Tourism

Going Global

Global Commercial Banking

Financial Planning

Overview

Bank Better

KYC / FICA Debit order + recipient switching Electronic Alerts

Close

Switch to FNB

Product Shop

Corporates + Public Sector

Corporate Public Sector

Close

Switch to FNB

Product Shop

Private Banking

Private Banking

Close

Home Loans

Affordability Bond Calculator

Day to day banking

Budget Future Value Credit Cards

Shares

Share Investor

Vehicle Finance

Vehicle Repayment Vehicle Purchase Price

Close

Product Rates

Save and Invest Transactional Savings Legal Practitioners and General Trust Account Global Accounts

Pricing Guide

Overview

Rates

Foreign Exchange Rates Lending Rates

Indicators and Share Price

SA Indicators

Close

News + Insights

Press Office Economics commentary Insights Business Hub

Close

Terms + Conditions

Product Terms and Conditions Promotions Terms and Conditions Legal Matters

About Us

World of FNB

News + Insights

Press Office Economics commentary Insights Business Hub

FNB Subsidiaries

Botswana Lesotho Ghana Namibia Swaziland Zambia Channel Islands

Close

Talk to us + important numbers

Contact us

Fraud + Disputes

Security Centre

Locators

ATM Locator Branch Locator/Book a Branch Visit eWallet GEO Locator

Tools

Debit order switching Track and Trace Lead Form Tracking Upload Documents - For Me Upload Documents - For My Business Reporting a death Software Downloads FNB Approved Suppliers FNB Prospective Suppliers Verify Guarantee Verify Statements Verify Payments Verify Account Confirmation/Visa Application Letters eWallet balance enquiry

Close

Careers at FNB

Find out more about careers at FNB Apply here

Close

Close

All savings + investment accounts

Cash deposits

Notice deposits Immediate access Access to a portion Fixed deposits

Share investing

Shares

Tax-free investing

Tax-free accounts

Funds/unit trusts

Ashburton specialised products

Invest abroad

Offshore products

I want to save for

Personal goals Child's education Emergencies Tax-free

Compare similar

Compare

Additional options

Show me all Help me chosse Find an advisor

Financial planning

Overview

Close

Close

Why set up a trust

Pegging or freezing of asset values

  • Assets that have the potential to grow in value in the future, such as a fixed property or shares (dependent on market conditions), should possibly be transferred to a trust.
  • The assets transferred to the trust no longer form part of your personal assets and therefore any further increase in the value of those assets take place in the trust.
  • The estate duty that could possibly be payable when you pass away is likely to be less.

Limited financial skills of surviving spouse or dependants

  • A trust can be used to protect the interests of the surviving spouse with limited skill in financial matters.
  • This is particularly common where the one spouse is concerned that the surviving spouse may need professional assistance to preserve and protect the trust property.

Protection of minor children and people with disabilities

  • A trust can be used to protect the interest of minor children until they are old enough to handle their own financial affairs.
  • A trust is also an effective vehicle to protect the interest of someone who may not be able to manage their own affairs.

Close

Succession / continuity planning

A trust is not affected when the founder passes away and it therefore continues to operate as before. Allows for the smooth transfer of wealth from one generation to the next (or even multiple generations).

Insolvency of beneficiaries/claims by creditors

  • Most inter vivos trusts are discretionary, which means that the trustees have the power to choose which trust beneficiaries should receive benefits from the trust.
  • These assets are therefore protected from the claims of the trust beneficiaries' creditors.
  • The assets transferred into the trust by the founder, are also protected from the founder's creditors, and provided the founder was solvent at the time of settling assets into the trust.

Estates of spouse and or children

  • A trust can be used by the founder to assist his/her spouse and/or children in reducing their own estate duty.

Assets that cannot be divided

  • Certain assets such as agricultural land cannot be divided amongst beneficiaries. A trust is an ideal vehicle for this type of asset.

Close

Types of trusts

Testamentary trust

  • This type of trust is established in terms of a person's Will and comes into effect after the person has passed away. Often, the reason for creating such a trust evolves from the need to protect the ultimate beneficiaries who are often minor children.
  • The provisions of the trust are set out in the Will of the deceased, and for all intent and purposes, the trustee is legally obliged to enforce these provisions. The provisions will usually provide for the termination of the trust on fulfilment of a certain condition.

Inter vivos trust

  • This type of trust is established during the lifetime of a person and is created by means of a trust deed. The trust is usually funded by means of a loan or donation. In most cases, an inter vivos is used for estate planning purposes and for the protection of assets. The provisions of the trust are set out in the trust deed.
  • The trust is usually a discretionary trust which means that the beneficiaries are not entitled to any distributions from the trust, unless the trustees exercise their discretion and make distributions to the trust beneficiaries.

Close

Get in touch

To get in touch,

call us on 087 736 8941

email financial_advisory@fnb.co.za

or speak to a banker or a financial planner in a branch.

Close

Why Save

Why save for your child's education?

  • To give your child access to quality education to secure their future
  • To make provision for increased education costs
  • To avoid paying for your child's education with funds that could help increase your retirement savings

Things to consider

  • What does your budget allow?
  • Can you save/invest regularly, or do you have a once-off lump sum?
  • Do you understand the different solutions available to you?
  • What guidance do you need to choose the right savings and investments solution for you?
  • What kind of return are you looking for, and what level of risk are you willing to take on your capital investment?
  • How long do you want to save and invest for?

We will advise you on the most appropriate solutions to match your savings and investment objectives and time horizon.

Close

Long-term investing

Choosing the right schools for your child and giving them access to the best facilities, quality education and a well rounded experience is never easy.

Long-term investment solutions make it possible for you to achieve this goal and help you benefit from the effects of compounding returns.

Shares give you a view and independence to choose the stock exchange listed companies you would like to investment in, while funds are a consolidation of pre-selected actively managed shares.

Speak your financial planner to find the right solution for you.

Shares-based solutions

  • Tax-free Shares
  • Share Saver
  • Share Builder
  • Share Investor
  • Local Trader

Fund-based solutions

  • Investment Account
  • Endowment

Close

Offshore

Exposure to offshore investment allows you to diversify the risk that comes with a South African only investment portfolio and to take advantage of opportunities that are more attractive than those that are locally based.

Whether you are looking to save short term in foreign currency, access structured foreign-based investment funds for your long-term goals, or you want to trade on international equity markets, we have all the right international solution for you.

Close

Qualifying criteria

  1. Service is available to all potential and existing FNB clients.
  2. Have all relevant information about your financial affairs available.

Children's education

Helping your child grow

The cost of education rises sharply over the period of your child's tuition term. We can help you select the right savings and investment solutions to secure a brighter future for your child.

Why save

Are you able to save?

Why save for your child's education?

  • To give your child access to quality education to secure their future
  • To make provision for increased education costs

Short-term saving

Give your child a little extra

Get access to solutions that are quick and easy.

7 Day Notice

Minimum opening balance of R20 000

Read more

32 Day Flexi Notice

Minimum opening balance of R1 000

Read more

Fixed Deposit

Minimum opening balance of R10 000

Read more

Long-term investing

Provide the best you can afford

Choosing the right schools for your child and giving them access to the best facilities, quality education and a well rounded experience is never easy.

Getting it made easy

Call me back

Qualifying criteria

Contact your financial advisor

First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider 1929/001225/06 (NCRCP20).