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– Lucy Crow, Director
Are there tax-efficient ways to plan for educational fees and costs?
Yes. Where parents or grandparents have their own businesses, rental properties or other assets which produce an income, there are options to improve tax efficiency when funding school or university fees or other educational costs.
How much can it save us?
There are potential tax savings for £25,000 per year fees.
Higher-rate taxpayers
- £165,566 for 1 child over 13 years
- £496,698 for 3 children over 13 years
Additional rate taxpayers
- £210,862 for 1 child over 13 years
- £632,584 for 3 children over 13 years
Will this apply to me and how do I set it up?
The planning will apply differently to each family depending on their assets, income, number of children, and future plans. For a quote and bespoke planning, please get in touch using the form below.