Scholarship Saviour
Up to $50,000 for your child's education.
We are your Scholarship Saviour
Scholarship Saviour helps working parents save for their child’s further education, using existing tax laws to set up an education fund of up to $50,000.*
The current ‘user-pays’ HECS system can make getting ahead very difficult for young people. If parents are unable to pay on their behalf, students have a significant HECS bill to manage upon completion of their studies—a debt that can take years to repay.
Our mission is to help you create a fund that will eliminate this debt and give your child a head start in life. Start today—create a secure financial future for your child!
*Conditions apply
How it works
“Anyone who doesn’t minimise their tax, needs their head read.”—Kerry Packer
At Scholarship Saviour, we analyse your income and come up with the right strategy based on your individual circumstances—and then adapt the strategy when and if circumstances change.
Our paradigm is based on Robert Kiyosaki’s ‘Rich Dad Poor Dad‘ as well as the book ‘How To Legally Reduce Your Taxes‘. Using a combination of these and trusted principles, we’re able to help working class families achieve their goals.
We do this though top accounting and legal advice, which has typically been the exclusive domain of the rich—giving them the knowhow to minimise their taxes.
When you are classified as a ‘middle class’ family, you are penalised. Those people who are considered to be a minority or from a disadvantaged background have some advantages over the hard-working ‘middle class’ family—government handouts and benefits.
The fact is, if you have money in the bank then you pay tax on it based on your earnings. For example, if you pay a tax rate of 45 cents in the dollar and your money in the bank currently earns 3.5%—then after tax you get a return of approximately 2%.
Conversely, if you borrow money for investing you get a tax deduction on the interest that you pay. So if you borrowed say $50,000 at 6%, your interest would be $3,000 per year. The $3,000 interest bill would then attract a tax deduction of $1,350 based on a 45% tax bracket. If you were to invest that money in an investment property, you would get a return. However, with Scholarship Saviour, we use existing tax rules and can direct that money to your children—which will then be tax-free.
Through smart tax lawyers and accountants, we source the best advice. For individuals seeking this level of advice, the costs can be prohibitive. We’re able to secure this advice for families at a low cost however, because we can spread out the tax advice over a group of people in a similar situation.
Our approach
We assess each individual for the best possible solution.
This could be in the form of a unit holder in a trust—this form is flexible in that we can assign the units prior to sale to someone who has a lower tax bracket. Alternatively, you may wish to have direct participation on the title as ‘Tenants in Common’. When you make an appointment with us, we’ll go through these options in much greater detail.
Once you become a client of Scholarship Saviour, we strongly recommend you allow us to do your tax return. This is because we have experts in tax advice, being distinct from just accountants. Over the years, we have had clients who have found out the hard way that experienced support is the best way to avoid problems and get ahead—which is why we offer this service.
Scholarship Saviour can also assist parents who are separated and need to sort their financial matters, especially around maintenance. Using a template, we have a clause in the deed that quarantines the investment. It cannot be used for any purpose other than educating the child. We can vary the deed once the child has reached the age of 18, at which age the young person can work part time—without affecting this arrangement. We can also amend the deed, should educational plans change, to take into account changing circumstances.
In the event of a tragedy, we include free insurance—either due to a disability or death by accident. *Conditions apply
Ten year growth
Real estate is a proven performer over time. It also provides monthly income to offset the loan on a property.
There is a general belief that real estate doubles every seven years. At Scholarship Saviour, we are more conservative and work on every 10 years.
With the help of Scholarship Saviour, you can also give your child the chance to own their own home much sooner. Without the burden of HECS, you can give them a genuine head start on their future financial success by kickstarting their journey into home ownership.
Forward planning now could also give your child the freedom to focus solely on studying—hopefully leading to even better academic results.
You will also reduce the pressure to pay off higher education fees when full-time work begins.
Then there is the opportunity for tax deductions which can be used to your advantage. The use of these tax deductions are not easily understood by some accountants, which is why we service you with our TAX SAVIOURS who have a deep understanding of the myriad of tax laws—thus achieving the optimum tax savings for you!
Experience you can rely on
Vincent Scali began his career in real estate in 1978 with his own business, Vincent Scali & Co. Since then he has gained broad experience in property development and management as a land agent, developer, and builder.
He has a wealth of experience in all facets of real estate spanning over 40 years. Vincent is well respected in the property industry for his solid advice, honesty, and commitment to helping families achieve financial success and security.
With this paradigm, he has assisted families in providing an education for their children with minimal outlay while creating capital growth and negative gearing where applicable—thereby negating the fees their children have had to pay upon completing their degrees. This has given them a clean start to their careers without the burden of HECS fees for 10 to 20 years.
Contact
Ready to start getting ahead?
Speak with our team to learn how Saviour Club can help you reduce your cost of living and build a stronger financial future.