How to manage your Registered Education Savings Plan
You made a great decision to save for your child’s education. Your RESP with Knowledge First Financial is either a short, medium or long term investment depending on how many years until your child attends post-secondary education. As circumstances change, adjustments may be needed to your plan – including your goal, contribution schedule, beneficiary changes or even the product that you hold. We are here to help you every step of the way to ensure your savings stay on track.
Flex First Plan
Flex First is an individual plan that provides many flexible options. It is easy to make changes to your total contribution goal and schedule, as well as you earn a loyalty bonus along the way. With the Flex First plan, you choose the amounts and timing of your Education Assistance Payments.
Family Group Plan
The Family Group Plan is designed for four years of post-secondary education and is a good choice for those who value consistency and commitment. As a group plan, your income is shared with other customers with the same maturity year.
Family Single Student
As an individual plan, Family Single Student provides more choice in amounts and timing of Education Assistance payments than Family Group. Family Single Student is a smart transfer option to consider if your child is unsure of whether they will attend four years of post-secondary education.