Sav­ing for my child’s ed­u­ca­tion

Saturday Star - - SPORT -

I’m a sin­gle mother of a two-year-old. I have R500 a month to in­vest in a unit trust for my child’s ed­u­ca­tion. I’ve con­sid­ered a tax-free sav­ings ac­count and I’m keen on low-cost pas­sive man­agers such as 10X and Syg­nia. 10X charges a to­tal an­nual fee of 0.57 per­cent (in­clud­ing VAT), as op­posed to an av­er­age of three per­cent charged by ac­tive man­agers. Syg­nia re­quires a min­i­mum in­vest­ment of R10 000 and the fees start at 0.4 per­cent and go up to 0.9 per­cent, de­pend­ing on the fund.

Which fund should I choose, given that I have time on my side. And if you aren’t

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