Is it possible to rollover SAYE after maturing?
Rollovers are allowed provided the information to do so reaches the bank in good time before sending the cheque to the owner.
Does the bank charge customers for operating SAYE since what is always shown are figures in favour of the customer and nothing is usually shown as to how much has been deducted for the service provided?
There are no charges for SAYE.
Who should have SAYE?
Any person is eligible to open the account. Self-employed customers are required to ensure that they submit monthly instalments either at BSB or the nearest post office continuously without fail as the contract stipulates.
Can parents open an account for their children?
Yes, parents are allowed to open accounts for their children as a way of also encouraging them to save.