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Planning ahead for your children's education

Mapping your journey

Where to begin?

Depending on the goals you have for your children and considering the high inflation rates school fees have experienced in recent years, you may need a longer time horizon for education planning to ensure that you are financially ready.

1.Work out how much you need

The first step is to set target dates and the education funds you will require by these dates. It is also important to consider inflation rates while calculating the amount of funds you may require in the future.

2.Plan ahead

Decide on your monthly saving amount and your intended investment tenure. If you start early, the power of compounding will allow you to save in smaller amounts in order to make sure that you achieve your goal.

3.Access the wealth solutions available

Hong Kong parents would ideally allocate 45%1 of their funds to their children’s education, it is important that you consider your time horizon and risk appetite before making investment decisions. It is a prescribed practice to invest in well-diversified portfolios rather than putting all your investments or savings in one single asset.

4.Safeguard your education fund

Make sure you and your family are well protected against misfortunate event of death and your education funds will be kept intact in such case. Safeguarding your education fund is important. Your children's education should be secured in case of unfortunate events.

5.Manage and monitor

Make sure you always keep track of your investment and insurance plan for your children's education to ensure it is performing in the way you want. Monitoring your portfolio at regular intervals can help you rebalance your portfolio at the right time.

1Source: 2014 HSBC The Value of Education Report

Understanding your needs

 
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Fund your children’s education

 
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The Value of Education: Higher and Higher – Hong Kong Report [PDF]

 
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Future Planner

Want to review your future planning and see if you're on track to achieving your goals? Get started with Future Planner to gain insights into your planning and see what areas may need more attention.

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Risk Profiling Questionnaire

Want to understand your investment needs and risk appetite? Please log on to HSBC Personal Internet Banking or the latest version of HSBC HK Mobile Banking app, and it will take you just a few minutes to complete the Risk Profiling Questionnaire.

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Frequently asked questions

What should I do to start financial planning? 

How do I determine my risk tolerance? 

Disclaimer 

The information as shown on this page is not for sales purpose and it is hypothetical and for illustration only. It is not intended to constitute a recommendation or advice to any prospective customers and is not intended as a substitute for professional advice. You should not act on any information on this page without seeking specific professional advice. 

Products and services referred to in this website are offered only in jurisdictions where and when they may be lawfully offered by The Hongkong and Shanghai Banking Corporation Limited. The material on these pages are not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to local law or regulation. 

Note: Investment involves risks. Past performance is no guide to future performance. Investors must refer to the respective fund's offering documents for further details of the fund and the risks involved. 

Your benefit is subject to the credit risk of the Company. Your premiums paid will form part of the Company's assets. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only. This product is a product of the Company but not HSBC and it is intended only for sale in the Hong Kong SAR. 

HSBC Life (International) Limited is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries.