1Earnings on nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements. State tax treatment of withdrawals used for i) expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school, ii) expenses related to apprenticeship programs, or iii) student loan repayments is determined by the state(s) where the taxpayer files state income tax. Federal and state tax laws are subject to change, please consult with a tax advisor.
2A $15 minimum is required for Ugift® contributions.
3Upromise member must Verify the account Email Address and link an eligible 529 College Savings Plan to receive the $30.29 Bonus cash back rewards. Bonus is awarded as $5.29 for email verification and $25.00 for 529 account linking. Upromise member's cash back rewards account balance must meet the minimum transfer amount to be eligible for transferring cash back rewards into a linked 529 account. Bonus available for new Upromise members only.
Upromise is an optional program offered by Upromise, LLC, is separate from the Victory Capital 529 Education Savings Plan, and is not affiliated with the State of Nevada. Terms and conditions apply to the Upromise program. Participating companies, contribution levels, and terms and conditions are subject to change at any time without notice. Transfers from Upromise to a Victory Capital 529 Education Savings Plan account are subject to a $50 minimum.
Upromise and the Upromise logo are registered service marks of Upromise, LLC.
4529 plan asset transfers will require you to liquidate your current 529 plan investments prior to transferring the assets to Victory Capital. This liquidation may have tax consequences. Please consult your tax advisor for guidance on your specific situation.
There are limits on how often you can transfer 529 plan assets. Contact your current plan administrator for more details.
5The asset transfer bonus program is based on the dollar value of total eligible assets transferred from another provider to a Marketplace account and/or 529 Education Savings Plan account. Bonuses are awarded for eligible transfers of $10,000 to $1 million. Other restrictions apply.