Special Education Fund (EDF)
A member can open a special education Fund with NPF to fund the tertiary studies for the member’s children. You can make regular contributions to this account. It attracts the same interest as the members’ contributions account which is currently averaging at 7% p.a. You can have one account for all your children. Both parents can contribute to this account should they choose to.
The earlier you do it the higher the savings you can accumulate over the years to ensure that your children will and can obtain quality tertiary education. The member can only withdraw for payment of education expenses or when Fund is not needed (all children have completed university).
For further information contact the Member Services Department at 64800 or email us at email@example.com