I am saving up money now for my daughters college education which will happen in 18 - 20 years.
My plan is to invest in vanguard ETF - "Vanguard Australian Shares Index Fund(VAS)" with an initial investment of 5000 AUD and then keep buying ETF's for 1500 AUD every 3 months.
Assuming that the fund gives me a return of 9% how do I understand the implication of capital gains tax when I decide to sell my ETF units to raise cash after 18 - 20 years.
The reason I ask is that there are other "education funds"[eg:- Australian Unity] in the market which as per PDS says the following
If you have held your Plan for more than 10 years, withdrawal proceeds are not taxable.
The above statement I assume means that I need not pay any capital gains on these. So when comparing the vanguard fund and the "education bond" how do I understand the implication of capital gains tax on the vanguard fund.