School Fees Planning
If you have decided to enter your child or children into private education, it is important to think about the financial costs in detail.
There are a number of ways of funding private education. These are:
- Paying school admission costs and fees from taxed income.
- Invest a lump sum to provide for education in the future.
- Using existing assets.
- Set up some form of regular savings policy.
You can use a combination of these methods to fund the costs of private tuition.
Pay school fees out of Taxed Income.
Paying for fees out of taxed income can cause problems if not managed correctly. Effective School Fees planning will help you improve your cash flow and make the annual fee’s more affordable.
How can a financial planner help?
A good financial planner should take into account the school’s charges, your attitude towards investing, tax rates for you and family members, whether you have available assets or capital and your views towards funding. These are just a few factors planners should take into account when formulating any plans for fee payments.
Find out more information about our planning service.
Whether you are looking to set up a regular savings plan, fund out of income or invest a lump sum to cover future expenses we can help you.
Our experienced financial planner will provide help and guidance. He will discuss with you, the best options for you and your family.
To talk to us in more depth about our service please contact us.