Planning for school and university fees

If there is any possibility that you may want to send your child to an independent school, start planning now. The sooner you begin, the easier it will be to fund what can amount to a very substantial commitment.

The cost of school fees will depend upon which school your child attends and whether they board. If you want to get an idea on fees, The Independent Schools Information Service has an excellent site that allows you to search for schools and provides details on fees.

There are basically four ways of paying school fees:

• You can save now so that you have enough capital when your child starts school
• You can take a loan when your child starts school
• You can pay school fees out of income
• You can use a combination of these methods

Further information

• Independent Schools Information Service
• Find an Independent Financial Adviser