Planning for School Fees
Friday, August 27th, 2010If you have decided to put your child or children into private education, it is crucial to think about the financial implications in terms of costs in detail.
There are several ways of providing private education. These are:
- Paying education fees and costs from your income.
- Vest a single lump sum to provide for teaching in future years.
- Using some existing investments.
- Set up some type of regular savings policy.
-You can use a combination of these methods to fund the costs of private tuition.
Settle school tuition fees out of Taxed Income.
Settling fees and costs out of taxed earnings can cause problems if not handled right. Competent school fees planning can help you improve your cash flow and make the fees more affordable.
How can an independent financial adviser help?
An expert financial adviser should take into consideration the school’s fees, your attitude towards making investments, taxation rates for your family, whether you have useable assets or capital and your opinions towards financing. These are just a few factors financial planner might take into consideration when developing any plans for fee payments.
Find out more info about our advice service.
Whether you are expecting to set up a regular monthly contract, provide out of salary or invest a lump sum to cover future fees we can help you.
Our experienced financial planner will provide support and direction. He will discuss with you, the easiest alternatives 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