School Fees Planning
If you have decided to put your child or children into private education, it is crucial to think about the financial costs in detail.
There are a number of different ways of funding for private education. These are:
- Paying admission costs and fees from earned income.
- Vest a single lump sum to allow for teaching in the future.
- Using some existing investments.
- Use some type of regular savings policy.
-You can use a combination of these methods to fund the costs of private tuition.
Paying school tuition fees out of taxable Income.
Settling fees and costs out of taxed your salary can cause problems if not managed right. Good school fees planning should help you increase your cash flow and make the yearly costs easier to afford.
How can a financial adviser help?
A practiced financial adviser will take into account the school’s charges, your attitude towards making investments, taxation rates for all your family, whether you have liquid assets or capital and your thoughts towards funding. These are only a few components financial planner should take into account when evolving any plans for paying fees.
Find out more info about our advice service.
Whether you are looking to set up a regular monthly policy, pay out of earnings or put into place a lump sum to cover future fees we can help you.
Our experienced independent financial adviser will provide help and direction. He will talk over with you, the easiest choices 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
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