529 plans offer outstanding gift and estate tax advantages to account owners.
An annual contribution of up to $70,000 (or $140,000 if from a married couple) can be contributed to one or more accounts
in a single year without owing federal gift tax, so long as no additional gifts to that beneficiary are made for 5 years--that's
5 times the annual exclusion from taxable gifts!
For example, the IRS considers the transfer as a $28,000 (if a married couple) contribution made each year of 5 consecutive
Furthermore, assets you have contributed to an NJBEST 529 College Savings Plan may not be included in your federal taxable
Tax benefits are conditioned on meeting certain requirements. Federal income tax, a 10% federal tax penalty, and state
income tax and penalties may apply to nonqualified withdrawals of earnings. Generation-skipping tax may apply to substantial
transfers to a beneficiary at least two generations below the contributor. Gift examples are general; individual financial
circumstances and state laws vary--consult a tax advisor before investing. If the contributor dies within the five-year
period, a prorated portion of contributions may be included in their taxable estate. See the 529 Plan Disclosure Document
for more complete information.
Investors should carefully consider plan investment goals, risks, charges and expenses before investing. To obtain the
Investor Handbook, which contains this and other information, call Franklin Templeton Distributors, Inc., the manager and underwriter
for the plan, at (877) 4NJ-BEST. You should read the
Investor Handbook carefully before investing and consider whether your or the beneficiary's home state offers any
state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only
available for investments in its qualified tuition program.
You are about to leave the Franklin Templeton Investments Website
Clicking OK below will take you to an independent site, not affiliated with Franklin Templeton Investments.
Information and services provided on this independent site are not prepared by, guaranteed by, or endorsed by Franklin
Templeton or its affiliates.
may be different from those of Franklin Templeton's site. Franklin Templeton is not liable for any direct or indirect
technical or system issues, consequences, or damages arising from your use of this independent website.
For your convenience, the independent site will be displayed in a new browser window, and our site will not automatically
close, but will remain visible and accessible through its current browser window. Although multiple windows permit you
to easily move back and forth between the two sites, Franklin Templeton is not responsible for the independent site.
Consent to Electronic Delivery of NJBEST 529 College Savings Plan Investor Handbook with Application
1. Your Consent to Electronic Delivery. By clicking "I Accept" below, you are making an informed consent to have important
documents provided to you in electronic form instead of paper. This consent applies only to this particular
request to receive electronic delivery of the NJBEST 529 College Savings Plan Investor Handbook with Application, and
any other materials that may be required in connection with the information you requested (the "Documents"), on the
of the Documents as originally set forth by us, and you will read and agree to the terms of the Documents before investing.
2. Access to Online Documents. By clicking "I Accept," below, you represent that you have the necessary computer hardware
and software to view, download and print any Documents you elect to receive electronically through our website.
To view the Documents, or download or print them for future reference, you'll need a recent version of Adobe® Reader®.
If you don't have Adobe® Reader®, you can download the latest free version at Adobe's website. If you are unable
to download, view or print the documents, you may have a pop-up blocker installed and you will need to disable it.
If you are still unable to access the Documents, you can contact a Service Associate of NJBEST 529 College Savings
Plan at (877) 4NJ-BEST for assistance or to request a free paper copy of these documents at any time.
No fees for site use. Franklin Templeton does not charge you any fees for using its site to access the Documents,
but you may incur charges from your Internet Service Provider and/or telephone or cable companies.
Duration of Electronic Consent. Your consent applies only to this particular request. If you request additional
information you may be required to consent to electronic delivery again.
BY CLICKING "I ACCEPT," YOU CONSENT TO HAVING IMPORTANT DOCUMENTS PROVIDED TO YOU IN ELECTRONIC FORM INSTEAD OF PAPER.