FAQs
- Account management
- Banking information
- Contributions and withdrawals
- Electronic payments
- Fees and costs
- Financial aid and scholarships
- General
- Gifting
- Investments
- Opening an account
- Prepaid Card
- Qualified expenses
- Tax information
- Are there any rollover fees?
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No, there are no fees for any rollovers out of the plan.
- How can I roll over the funds in my VT529 account into another 529 College Savings Plan?
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We'd be sorry to see you go! You can choose to roll over part or all of the funds in your VT529 account into another 529 plan by filling out a rollover form from your new 529 College Savings Plan. Keep in mind that if you roll over your entire account balance, your VT29 account will still remain open until you decide to close it.
You can make one rollover in a 12-month period without being taxed.
- How can I roll over funds from another 529 College Savings Plan into my VT529 account?
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It’s easy. Just download and complete our Rollover Form (PDF). Remember, you can transfer funds from another 529 College Savings Plan into a VT529 account without incurring any federal income tax if you do so within a 12-month period and if the funds are for the same beneficiary or a family member. Also, worth noting, the plan from which you are transferring funds may have different features and fees, so it’s best to consult your tax advisor and your other 529 College Savings Plan manager before you initiate your rollover.