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SFA Independent Financial Advisers
637 Melton Road
Leicestershire LE4 8EB
01162 202 277
Ensuring your children or grandchildren receive the best education requires planning – arrange your free consultation to funding options today
Every parent and grandparent wants to ensure that their children or grandchildren receive the best possible start in life. Ensuring that they get the best education requires research and planning.
SFA Independent Financial Advisers based in Leicestershire provides advice to many clients that value the standard of education offered by independent schools but require bespoke solutions to pay for that privilege.
No one-size-fits-all approach to planning for independent school and university fees funding
Even if your children or grandchildren do not attend an independent school, they may go on to university. In this case, they are likely to end up with a significant outstanding student loan which may end up being a burden to them for many years.
The cost of sending children to an independent school has been increasing quicker than wages and inflation in recent years. You may be considering paying school fees from your income, but this can be an uphill struggle. Planning for these costs can help avoid that situation.
With careful tax planning, appropriate investments and spreading the cost of education over a longer time period, we can help to make private education more affordable as well as increase your wealth in the longer term.
The average fee for a boarding school can start from £10,000 a term (from £30,000 a year), but if the child does not board and attends daily, it is less but still a considerable amount and often half. With the potential for fees to increase each year; it can certainly add up. Especially if you have more than one dependent.