Back to school: Smarter planning for private school fees
As the school gates open for a new academic year, parents across the UK are juggling uniforms, homework schedules, and school runs. But whether you’re paying school fees annually, termly, or monthly, now is as good a time as ever to review how you’re funding them.
Private schooling is an investment in your child’s future, but it comes with a significant and rising cost. While there are no direct tax reliefs for private education, there are smart, tax-efficient strategies we can use to help you fund it without compromising your other financial goals.
Making school fees as tax efficient as possible:
We can help you make the most of your personal tax allowances to keep your school fees plan efficient and sustainable. This might include:
- Personal Allowance
- Capital Gains Tax Allowance
- ISA Allowance
- Pension Contribution Allowance
By doing so, we create a tailored plan that works for you and your child’s education.
Balancing school fees with your long-term financial goals:
Funding school fees isn’t just about meeting the next term’s invoice. We’ll help you budget for the investment needed to fund your child’s entire private education, while protecting your long-term financial plans. That includes:
- Setting a realistic, sustainable budget
- Reviewing your investment strategy based on your risk appetite
- Protecting your income and ability to work through smart planning
We’ll ensure your plan is robust enough to see your child through every year of their schooling.
Start the school year with a smarter plan:
With the new school year underway, it’s the perfect time to review your financial strategy. The earlier you plan, the more confident you can be that your child’s education is fully funded from start to finish.
At Simpson Financial Services, we help families create sustainable, tax-efficient school fee plans that protect both your children’s future and your own.
📅 Book your free initial telephone call today
