Private education costs usually increase
at a greater rate than inflation. Planning for the
funding of school fees needs to start as early as
possible in a child’s life; this is particularly
true where more than one child is involved. There
is no magical plan that can solve all these problems
but tax efficient saving schemes, national savings
and in some cases deferred annuities can be accessed
to build suitable plans.
Higher Education
Even if parents are able to find good
state schools for primary and secondary education,
funding for higher education is now obligatory. Early
planning again provides the best results.
