529 Plan
A US savings programme mainly intended to fund qualified education expenses.
Definition
A US savings programme mainly intended to fund qualified education expenses.
Why this concept matters
It lets US families prepare for certain education costs in a dedicated wrapper.
What to watch
Rules, benefits and investments vary by US programme; there is no exact nationwide French equivalent.
Simple example
A family may gradually build capital for eligible education costs.
Availability and country
- Country or system of origin
- United States
- Status
- Product specific to the US system
- Access from France
- Generally unavailable as a local wrapper to a French tax resident, except in specific US circumstances and subject to eligibility.
- French equivalent
- No exact nationwide equivalent; savings accounts, life insurance or securities accounts may fund education under different rules.
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