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Education calculator

Find out how much you should be saving to cover the cost of your child's education

How much should I be saving to pay for my child's education?

Work out how much to save to cover your child’s education expenses, and how long it'll take.

What’s this calculator for?

This calculator can help you to:

  • find out how much money you could have by the time your child starts their education
  • see how your savings and investments could impact your funds
  • decide if you'd like to discuss your savings plan with us
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For the purposes of this calculator, your child's current age should be less than the age at which they will require funding.
How much you'll have when education starts
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Average investment return -
Below average investment return -
How much you'll have left to reach your target
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Average investment return -
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How much you will have saved each month
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High investment return Average investment return Below average investment return
How much you'll have when education starts
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How much you'll have left to reach your target
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How much you will have saved each month
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If you've chosen a secure investment risk level, you will only see a blue line as this is a savings-only option with zero investment risk.

 

What to do next

 

If the results aren't what you were expecting, try adjusting your choices to reduce the time it could take to reach the target amount for your children's education fund. Although, this calculator doesn't represent a guarantee.

 

If you have more than one child, you can use the calculator again once you have your first results.

 

You can also book an appointment with our expert financial advice team to discuss your results and take your savings further.

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The information on this page does not constitute a solicitation of the sale or recommendation of, or advice on any products. You should not act on such information without seeking professional advice. You should also consider whether any products are appropriate in view of your own circumstances, including not only your risk tolerance, but also your financial situation, investment knowledge and/or experience, investment objectives and preferred investment period.

These calculations are projections, and do not factor in any fees or taxes. When you seek advice through our financial advisers they will provide you with projections which will factor in fees and taxes and some other criteria and this means that there will be a variance (which in some instance may be material) between the projections shown in these online calculators and those provided by the financial advisers.

HSBC Bank Malta p.l.c. is not responsible for any loss, damage or other consequences of any kind that you may incur or suffer as a result of, arising from or relating to your use of or reliance on the information /projections shown on this page. HSBC Bank Malta p.l.c gives no guarantee, representation or warranty as to the accuracy, timeliness or completeness of the information shown.

The illustrative value at mid-return is based on an average annual growth rate of 1.87% (gross) which represents your investments style. The assumed inflation rate is 1.52%. All figures are shown in their value at your target.

This is an internet tool which only provides a snapshot of your financial situation at the current time, using the information you have provided and a set of assumptions. This tool cannot provide you with financial advice or personal recommendations. The impact of tax, account charges or changes in exchange rates are not taken into consideration in this tool.

The calculations are based on assumptions and not on your personal circumstances. It is not a guaranteed rate of return. Everyone’s circumstances are different and what applies to one person may not be right for the next.

These suggestions are based on a general assumption of each life stage and are not intended to provide advice or recommendation on your individual financial needs.

The value of investments - and any income received from them – can fall as well as rise and you may not get back what you invested. For some investments this can also happen as a result of exchange rate fluctuations, as shares and bonds may have an exposure to overseas markets. You may experience periods of negative returns and it is possible to lose your entire investment. Investing should normally be seen as a medium to long term proposition, for example five years or more.

You should always consider seeking advice from a financial adviser before taking any action. To learn more about the financial advice services we offer, please visit our wealth management page.

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Approved and issued by HSBC Bank Malta p.l.c, (116, Archbishop Street, Valletta VLT 1444). HSBC is a public limited company regulated by the Malta Financial Services Authority and licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta). HSBC is licensed to conduct investment services in terms of the Investment Services Act (Cap.370. of the Laws of Malta) and is enrolled as a Tied Insurance Intermediary for HSBC Life Assurance (Malta) Ltd under the Insurance Distribution Act (Cap. 487 of the Laws of Malta).

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