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Education Funding

 

You don't want to disrupt your child's education midway through a vital stage, so remember that you are committing yourself to paying fees for perhaps several years. There are ways of spreading the financial burden over longer periods, whether or not you have been able to plan ahead.

The secret of paying school fees is to plan early. Money invested when your child is a baby can provide tax-free sums. Even as little as five years before your child is due to go to school, there are investments which can help to reduce the financial burden.

Lump sum and regular savings plans are available for parents wishing to fund future school fees.

How much?

Basic fees vary widely. They depend on whether schools are educating younger or older children, day or boarding and where they are situated. The following list contains the type of school and the approximate fee range per term as at 2004/05; most schools increase them once a year. Many day schools include lunch in basic fees.

Pre-Prep (age 2 - 7)

  • £1000-£1500

Junior/Prep (age 7 - 13)

  • £1750 to £3500 (Day)

  • £3400 to £5250 (Boarding)

Senior (age 11/13 - 18)

  • £2400 to £3600 Girls' day

  • £4050 to £6800 Girls' boarding

  • £2500 to £4500 Boys' day

  • £4400 to £7200 Boy's boarding

Please contact us to arrange a meeting if you wish to discuss your investment requirements.

Source: Independent Schools Council July 2005

 
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Winnell Douglas Limited, Bideford House, Church Lane, Ledbury, Herefordshire, HR8 1DW
Tel: 01531 633717 Fax: 01531 633014
E-mail: info@winnelldouglas.com Web:www.winnelldouglas.com
Directors: Mike Winnell and Alistair Douglas. Registered in England. Company Registration No. 4636867

Independent Financial Adviser

Authorised and regulated by the Financial Services Authority.
The Financial Services Authority does not regulate taxation and trust advice.

Winnell Douglas Limited