Skip to main content

Smart Savers Blog

Maximum balance limit increased

22.jpg

Effective July 1, 2016, the maximum total account balance allowed per Virginia529 beneficiary is increased to $500,000.

This change applies to the combined total balance of all four Virginia529 programs for a single beneficiary. The prior maximum was $350,000.

Once the total balance reaches $500,000, the account(s) continues to accrue earnings. However, there can be no new contributions unless the combined total balance drops below $500,000.


Resources to help you learn

Frequently Asked Questions

Find answers to the most common questions about 529 plans.

Smart Savers Academy

Tune in to a live episode and ask questions of the presenter, or watch a previously recorded webinar below.

Invest529 Portfolio Performance

Review and compare historical returns of Invest529 portfolios.