Paying for School Fees
If you have decided to put your child or children into private education, it is essential to think about the financial costs in detail.
There are several different ways of paying for private education. These are:
- Paying schooling fees and costs from taxed income.
- Vest a one off amount to allow for teaching in future years.
- Utilizing existing available investments.
- Establish some type of regular savings policy.
-You can use different combinations of these methods to fund the costs of private schooling.
Paying school fees out of Taxed Income.
Settling fees out of taxed your salary can cause troubles if not managed right. Efficient planning for education fees should improve your cash flow and make the yearly costs more easily affordable.
How can a financial adviser help?
A good independent financial adviser will take into consideration the school’s charges, your attitude towards investing, taxation rates for all your family, whether you have liquid investments or capital and your views towards funding. These are merely a couple of factors financial planner will take into consideration when formulating any plans for paying fees.
Want to find out more information about our planning service.
Whether you are looking to set up a regular savings plan, provide out of income or put into place a lump sum to cover future expenses and costs we can help you.
Our experienced financial planner will provide advice and guidance. He will discuss with you, the advisable options for you and your family.
To talk 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
