All You Need To Know About School Fees Planning

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All You Need To Know About Tax Planning

tax planning

Should you opt for private education for your children or grandchildren, payment of school fees will become a substantial commitment for many years to come, requiring careful financial school fees planning.

As private school fees continue to outpace wider inflation, the total cost can escalate into a considerable sum over the course of your child’s education.

Even where the payment of schools fees is unlikely to impact your lifestyle or act as a financial burden, you can take steps that will bring wider wealth management benefits for you and your family.

A structured approach to school fees planning can offer you reduced tax liabilities.

If you are the owner of a family business, you may be able to make use of a Family Business Trust for payment of family expenses, such as school fees and other maintenance costs out of untaxed income.

It can be an attractive solution where parents own the shares in the family business and grandparents want to assist the parents in paying school fees.

Speak With A Tax Expert Now To Reduce Your Tax

Working alongside your professional advisers, it’s no surprise that specialist tax advisers can often identify extra opportunities for you to save tax, across a variety of personal and business areas.  After all, they're experts in their field.

To discover how much additional tax you might be able to save, please complete the form below and we’ll introduce you to a specialist tax adviser to discuss your requirements.

Your initial conversation will be without charge and without any commitment to go ahead. 

The Financial Conduct Authority does not regulate taxation advice.

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