TIME/CONTRIBUTION LIMITS |
INDIVIDUAL PLAN |
FAMILY PLAN |
Annual Contribution LIMIT |
None |
None |
Annual Basic CESG LIMIT |
$1,000(provided beneficiary has adequate grant carry forward room) |
$1,000(provided beneficiary has adequate grant carry forward room) |
Lifetime Contribution LIMIT |
$50,000 |
$50,000 per beneficiary |
Lifetime Basic and Additional CESG LIMIT |
$7,200 |
$7,200 per beneficiary |
Contribution Time LIMIT |
Up to the 32nd year of the plan’s existence |
Up to the age 31 of each beneficiary |
Plan’s Existence |
Can remain open for 35 years from the original contract start date. Plan must be terminated at the end of the 35th year. |
Can remain open for 35 years from the original contract start date. Plan must be terminated at the end of the 35th year. |