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Welcome to Fundisa

The Fundisa Fund is an educational savings account that rewards savings efforts with a unique bonus. Every year your savings are enhanced by an additional 25% to a maximum of R600 per year. The bonus is added to your savings annually. The bonus has been made possible through a joint venture between Government and various ASISA member companies and is intended to help learners from low-income families pay for a quality, accredited qualification at either a public college or a university. As from 1 March 2013 a means test of an annual household income of R180 000 or less will apply to the families of all learners who are made beneficiaries of a Fundisa Fund account. This means that anyone can open a Fundisa account, but the learner who benefits from the investment must come from a family that does not earn more than R180 000 a year.

Start saving now!

Click here to find out more about Fundisa
Click here to find out how to open a Fundisa savings account

GRANT CONTRIBUTIONS TO THE FUNDISA RETAIL FUND

In terms of the Amended Financial Sector Code (FSC) and the underlying Code Series FS500 Measurement of the Socio-Economic Development and Consumer Education Element of Broad-Based Black Economic Empowerment, contributions to the grant pool of the Fundisa Retail Fund will qualify for bonus points:

  • Two bonus points
  • To a target of 0.20% of the measured entity’s previous year’s annual Net Profit after Tax

For further information please email info@asisa.org.za