EDUCATION
INVESTING IN EDUCATION , INVESTING IN A FUTURE
WE ALL WANT THE BEST FOR OUR CHILDREN , ESPECIALLY WHEN IT COMES TO EDUCATION AND MAKING THE MOST OF THOSE ALL-IMPORTANT , LIFE-ALTERING , PERSONALITY-SHAPING SCHOOL YEARS . BY CHOOSING TO INVEST IN YOUR CHILD ’ S EDUCATION , BE THAT BY INDEPENDENT SCHOOLING FOR THE ENTIRETY OF THEIR LEARNING FROM PRE-PREP TO HIGHER EDUCATION , OR BY ADDING TO THEIR EDUCATIONAL EXPERIENCES WITH EXTRACURRICULAR ACTIVITIES AND TUTORING YOU WILL BE SHAPING THEIR FUTURE AND OPENING DOORS . BY OLIVIA RICCINI
You may remember the iconic Sloane Ranger Handbook of the 1980s , which tells the reader ‘ School is a major investment . Sloanes practically starve themselves to cough up the school fees , are on to every sort of school-fee insurance scheme and often get help from grandparents . And they really want their money ’ s worth .’ But nowadays , although things might not have changed too much for those of us lucky enough to have kind grannies and grandpapas willing to spare some change for the future generation ’ s education , there seems to be more opportunities available than what was on offer in 1982 for those that need subsidies and certainly more financial and tax considerations for those self-funding their educational experiences .
A Solid Financial Plan
For those of us wanting a more solid financial plan and some clear direction and reassurance that we will have the funds to hand over to the bursar at the end of term , it is possible to seek out financial advice from professionals . SeventySeven Wealth Management ( www . 77wm . co . uk ) who are based in Lamberhurst near Tunbridge Wells offer a ‘ School Fees Planning Service ’ not only will they tell you about the tax benefits that might be available to help fund your school fees but with fees rising much faster than inflation and earnings , they will also help you save and invest money for fees too . ‘ Starting to save money as soon as possible might be the difference between whether or not you as a parent can afford to do what you want when the time comes for school fees . The simple fact of the matter is that the financial world in which our children are growing up is a very difficult one . If saving for our children was once regarded as an aspiration , it is increasingly becoming more significant if we want to help them to have the best possible start to their adult lives .’
Sterling & Law Wealth Management ( www . sterlingandlaw . com ) believe that ‘ The decision to provide your children with an independent education is a major one and should not be taken lightly . The lifetime cost of school fees can be prohibitive , so planning early is crucial for best results .’ Part of the team as a qualified independent financial advisor and based in Gillingham , Kent , Neil McCue can help parents establish the costs involved , establish what is realistically achievable , decide on which schools may be affordable , understand the different options available for funding school fees and design a plan to help achieve you and your children ’ s educational aspirations .
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