Are there any savings options for a childs future in Australia? like college funds, etc? and does the government help in any way?|||Yes there are a number of savings plans, Australian Scholarships groups and Lifeplan have excellent plans where parents or grandparents can save a little each week towards their child/ren's future.
Some banks offer education plans, but you need to look at them very carefully at interest rates, fees etc.
http://www.educationsavings.com.au/esp_o鈥?/a>
http://www.educationsavings.com.au/educa鈥?/a>
http://www.asg.com.au/Page.aspx?ID=339|||You have to be careful about putting a bank account in their name as they are only allowed to earn around $400 per year before they start paying tax.
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