Need Advice on School Fees Planning
If you have decided to put your children into private education, it is crucial to think about the financial implications in terms of costs in detail.
There are several different ways of providing private education. These are:
- Paying education costs and fees from your income.
- Invest a single premium to provide for teaching in future years.
- Utilising existing available investments.
- Set up some form of policy to save regularly.
-You can use different combinations of these methods to fund the costs of private schooling.
Settle school costs out of Taxed Income.
Paying fees and costs out of taxed earnings can cause problems if not handled right. Capable school fees planning should help you improve your cash flow and make the fees easier to afford.
How can a financial adviser help?
A practiced financial planner will take into account the school’s charges, your attitude towards making investments, taxation rates for all your family, whether you have available investments or capital and your views towards financing. These are merely a couple of elements financial adviser should take into account when developing any plans for paying fees.
Want to find out more info about our planning service.
Whether you are expecting to set up a monthly savings plan, pay out of income or put into place a lump sum to cover future costs we can help you.
Our experienced financial adviser will provide support and guidance. He will discuss 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