Paying for School Fees
If you have decided to put your children into private education, it is essential to think about the financial implications in terms of costs in detail.
There are many ways of funding for private education. These are:
- Paying admission costs and fees from taxable income.
- Invest a single premium to allow for education in the future.
- Utilising existing investments.
- Use some type of policy to save regularly.
-You can use a combination of these methods to fund the cost of private education.
Paying school tuition fees out of taxable Earnings.
Settling fees out of taxable your salary can cause problems if not handled correctly. Efficient school fees planning will help you increase your cash flow and make the school fees easier to afford.
How can an independent financial adviser help?
A practiced independent financial adviser will take into consideration the school’s charges, your attitude towards making investments, taxation rates for your family, whether you have useable assets or capital and your views towards funding. These are simply a few elements financial planner might take into account when producing any plans for fee payments.
Want to find out more info about our advice service.
Whether you are looking to set up a regular monthly policy, provide out of income or put into place a lump sum to cover future fees we can help you.
Our experienced independent financial adviser will provide advice and direction. He will discuss with you, the best choices for you and your family.
To speak to us in more depth about our service please contact us.
Consilium Asset Management are based in Bristol and provide independent financial advice on school fees planning.
This article should not be considered advice