Saver Plus

YOU MAY BE ELIGIBLE TO JOIN A SAVINGS PROGRAM THAT MATCHES EVERY DOLLAR YOU SAVE, UP TO $500.

As you may be aware, the Department of Education supports parents to provide financially for their children and refers families to community and government organisations that can offer additional support to families. Saver Plus, Australia's largest matched savings program, is one such program and assists people to save for education expenses by matching their savings dollar for dollar up to $500.
Saver Plus was developed by the Brotherhood of St Laurence and the ANZ Bank in 2002 and is delivered by The Smith Family and the Brotherhood of St Laurence in Western Australia. More than 32 000 people across Australia have participated in the program, saving over $17.3 million.

The Department wishes to offer eligible parents the opportunity to participate in Saver Plus.

What this means for you
Saver Plus is a free ten month program that provides financial education, budgeting and savings tips, and matches your savings up to $500 for education costs. Saver Plus can help you:
• build your skills around managing money;
• become a regular saver; and
• reach a savings goal.

Once you finish the program, ANZ will match your savings dollar for dollar, up to $500. You can use your matched savings for education-related costs, such as, computers, laptops, and tablets, school uniforms, text books, sports fees and equipment, school excursions and more.

Can I join?
You may be eligible to join if you meet all of the below criteria:
• have a Centrelink Health Care or Pensioner Concession Card;
• are at least 18 years old;
• have some regular income from work (yourself or your partner) including casual, part-time, full-time or seasonal work; and
• have a child at school or attend vocational education yourself.

Please note: a family may receive matched funds only once.