How to use this page: Read the simplified explanation first, then use the official links below before acting.
The simple version
- Subscriber contributions are generally withdrawn tax-free.
- Grants and investment growth are generally paid as educational assistance payments and taxed to the student beneficiary.
- Unused grants and income can have special rules if the beneficiary does not attend qualifying education.
Before requesting money
- Ask what documents are required.
- Ask whether the withdrawal will be treated as contributions or EAP.
- Ask whether any grant repayment could be triggered.