For Utah Residents

The Utah Legislature established my529 in 1996 to help you save for college.

The mission of my529 is to provide the best 529 educational savings plan at the lowest possible cost, and to make my529 the plan of choice for Utah residents.

Why Utahns choose my529

  • my529 offers a variety of investment options.
  • Investment options comprise Vanguard, Dimensional and PIMCO funds and FDIC-insured accounts.

Accounts are easy to set up

  • No enrollment fee.
  • No minimum balance or contribution is required.
open an account

Low fees

  • my529 has some of the lowest fees nationwide.
  • Learn more about low fees.

Tax benefits

  • Account earnings grow deferred from federal and Utah state income tax. This means any earnings in your account are not taxed as they accumulate.
  • Individual Utah taxpayers can claim a Utah state income tax credit for contributions to their accounts, up to a certain limit.
  • You pay no federal or Utah state income tax if your withdrawals are used for qualified higher education expenses.
  • Earnings on nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty, as well as state and local income taxes.

New to Utah? Check out Utah’s my529 educational savings plan

While you are becoming acquainted with the many available outdoor activities like skiing, hiking and mountain biking that living in Utah affords you, make sure to check out my529, Utah’s nationally rated 529 educational savings plan.

  • Rollovers: If you already have a 529 account in another state, you may qualify for Utah’s state income tax benefits if you roll those funds over to my529. See Rollovers for more information about how to rollover funds from another state’s 529 plan.

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Important Legal Notice

Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

Account Value. Investments in my529 are not insured or guaranteed by my529, the Utah Board of Higher Education, the Utah Education Savings Board of Trustees, any other state or federal agency, or any third party. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-Insured investment option. In addition, my529 offers investment options that are partially insured for the portion of the respective investment option that that includes FDIC-insured accounts as an underlying investments. Units in my529 have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

FDIC insurance is subject to limits set by federal law. Click here for more information about FDIC Insurance.

Non-Utah Taxpayers and Residents. The state in which you or your beneficiary pay taxes or live may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if any, before investing in my529.

Consult an advisor. my529 does not provide legal, financial, investment, or tax advice, and the information provided on this website does not contain advice and cannot be construed as such or relied upon for those purposes. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

Morningstar rating. A Morningstar Analyst Rating for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar does not represent its analyst ratings to be guarantees. Please visit Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.

my529 does not pay commissions, loads or sales charges to financial advisors nor does it endorse financial advisors.

Information on this website is believed to be accurate when posted and is qualified in its entirety by the Program Description.