School Fee Planning
The decision to provide your child or children with an independent
or further education is a major one and should not be taken lightly.
The lifetime cost of school fees can be prohibitive. Plan early
for best results.
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School fees planning from Sterling & Law
The costs of private and public school fees can be prohibitive. The magnitude of this undertaking ranks as highly as buying a house.
As a well-respected authority in the financial services industry, the team at Sterling & Law has the knowledge, expertise and network of advisers to help you realise your education goals for your family. Our tailored, and skilled approach enables you to pay school fees in the most tax-efficient manner possible.
With effective tax planning, investments and sometimes spreading the costs over the long term, Sterling & Law can make private education more affordable as well as increase your wealth in the process.
Saving for school fees – how can we help?
As qualified independent financial advisers, we can help you:
- Establish the costs involved.
- Establish what is realistically achievable.
- Decide on which schools may be affordable.
- Understand the different options available for funding school fees.
- Design a plan to help you achieve your and your children’s educational aspirations.
Looking for school fee planning advice?
For a free initial consultation with a local adviser, call 020 3740 5856
Looking to learn more? Scroll through the rest of this page to understand how we can help you plan for school fees in a tax-efficient manner.
Helping you get the best education for your family
We would all like the best for our children, and that will often include the costs of private education. While parents are generally aware that school and university fees can represent the single greatest cost of being a parent, they may not as yet have quantified the likely cost or thought about how they are going to fund it.
How then do we ensure that your children have the necessary financial support to fund their education all the way from private school through to university?
As with every major commitment, planning is everything. This is where we come in. Whether you have no children yet or have children who are already at school, or whether you are considering funding for private school fees or university fees, Sterling & Law can help you.
Need the advice of a specialist?
For a free initial consultation with a school fee planning adviser, call 020 3740 5856
Tax-efficient school fees planning
There are various mechanisms you can use to save for school fees in a tax-efficient way. When you meet and discuss this with your adviser, they will highlight all the options.
One way to save and plan for school fees in a tax-efficient way is to use government-approved savings vehicles such as Individual Savings Accounts (ISAs) and Junior ISAs.
These accounts allow you to invest up to a certain amount each year, and any returns are tax-free. Another option is to consider setting up a trust, which can provide additional tax benefits and flexibility.
Contact us today
If you have a query for us, please fill in this short form. We aim to respond within a few hours.
Our school fees planning advisers
Looking to discuss School Fees Planning? Find a local adviser from the list below.
Sterling & Law has independent financial advisers covering London, the Home Counties,
and the South of England.
Calls may be recorded.
FAQs
What is school fees planning?
School fees planning is the process of putting in place a financial plan to cover the cost of private education for children. This can involve various investment and savings strategies to ensure sufficient funds are available to pay for school fees.
What is the best way to save for school fees?
The best way to save for private school fees is to consider tax-efficient investment options, such as ISAs or junior ISAs, and to plan ahead using a regular savings plan.
It’s also worth considering the potential benefits of investment trusts or unit trusts.
I'm saving for school fees for my children. Can you help?
Absolutely, as a financial planning company, our advisers can help you create a tailored savings plan for your children’s school fees.
We’ll explore various investment options, consider tax-efficient vehicles, and align the plan with your financial situation and goals. This proactive approach can help secure your children’s educational future.
Can I avoid inheritance tax by paying for my grandchildren's school fees?
Indeed, school fee payments can qualify as ‘gifts’ and potentially be exempt from Inheritance Tax (IHT).
These gifts should align with a regular expenditure pattern, and you must retain sufficient income post-gifting to sustain your usual lifestyle and financial commitments.
Who can help with school fees planning?
There are various professionals who can help with school fee planning, including financial planners, IFAs, education consultants, and accountants.
It is important to find someone with experience and expertise in this area.
Where are you financial planners based?
We have a network of financial planners covering London, the Home Counties, and the South.
Our school fee planning advisers are based across London, Hertfordshire, Essex, Bedfordshire, Kent, Surrey, Hampshire, Leicestershire, and Rutland.
We offer an initial complimentary consultation to all potential new clients.
What are the benefits of school fees planning?
School fees planning can help you meet the costs of private education for your children. It can provide tax-efficient ways of saving, protecting, and growing your wealth, allowing you to plan for fees years in advance. It also helps ensure that your children receive the education you want for them.
Contact Sterling and Law
If you have a query for us, please fill in this short form. We aim to respond within a few hours.
