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A 529 plan, available through PNC Investments, is a tax-advantaged investment vehicle designed to encourage saving for the future higher education expenses of the plan's beneficiary.
Your investment grows tax-deferred, and qualified withdrawals may not be subject to income taxes
There are no income restrictions, assets are the property of the account owner, and you can change the beneficiary at any time
You decide when withdrawals are made, and for what purpose
A 529 plan is a tax-advantaged investment vehicle designed to encourage saving for the future education expenses of the plan’s beneficiary. Investments grow tax-deferred, and funds can be used for qualified education expenses at: private elementary or secondary schools, any accredited college or university in the United States, and a number of internationally-based schools.
Pricing & Fees
For pricing and fee information, please contact PNC Investments or see the PNC Investments Client Schedule of Commissions & Fees.
Gift Tax Exclusion
Contributions to a 529 plan qualify for the annual federal gift tax exclusion, up to $15,000 for 2018. You may elect to pre-fund the plan with a lump-sum payment over five years (free of gift tax) according to the five-year election provision:
With a 529 plan, in most cases, the beneficiary of the account does not have rights to the assets in the account; assets are property of the account owner. The account owner may change the beneficiary of the funds at any time, though this is limited to a first cousin or closer relative (to avoid tax consequences).
You may select from the investments offered by the 529 plan; the plan manager determines the investment of assets. Investments grow tax-deferred and funds can be withdrawn at any time.
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This material is meant to educate and not to provide legal, tax, accounting or investment advice. PNC Investments and its affiliates and vendors do not provide legal, tax or accounting advice.
Important Investor Information: Brokerage and insurance products are:
Not FDIC Insured • Not Bank Guaranteed • Not A Deposit
Not Insured By Any Federal Government Agency • May Lose Value
Securities products, brokerage services and managed account advisory services are offered by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and member FINRA, and SIPC. Annuities and other insurance products are offered through PNC Insurance Services, LLC, a licensed insurance agency.
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This material does not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized or unlawful to do so.
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