Paying for School Fees
If you have decided to enter your child or children into private education, it is important to think about the financial implications in terms of costs in detail.
There are several different ways of funding private education. These are:
- Paying admission fees and costs from your income.
- Vest a lump sum to provide for teaching in the future.
- Utilizing existing investments.
- Use some form of policy to save regularly.
-You can use different combinations of these methods to pay the fees of private education.
Paying school costs out of taxable Earnings.
Settling fees and costs out of taxed income can cause problems if not handled correctly. Effective school fees planning can help you increase your cash flow and make the costs easier to afford.
How can a financial adviser help?
An expert financial planner should take into account the school’s costs and charges, your attitude towards investing, tax rates for all your family, whether you have useable investments or capital and your views towards financing. These are simply a couple of components independent financial adviser should take into consideration when evolving any plans for paying fees.
Find out more info about our planning service.
Whether you are looking to set up a regular monthly policy, fund out of salary or invest a lump sum to cover future fees we can help you.
Our experienced financial adviser will provide support and direction. He will discuss with you, the easiest 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