The Guardian reports “The average fee for attending a top private school has risen past £17,000 a year for the first time, despite climbing at the slowest rate for more than 20 years, according to the annual census of leading independent schools.
Data collected from the 1,300 members of the Independent Schools Council (ISC) – an umbrella body that ranges from famous public schools such as Eton and Harrow to hundreds of smaller prep schools – showed that a child attending a private secondary school as a day pupil would cost around £15,000 a year, while a boarder would pay £33,000.” Read more.
At Cotswold Independent Financial Services, we work with parents, grandparents and beneficiaries who are funding private education or planning to do so. We look at the most tax effective options, depending on who is contributing and identify any risk of being of being unable to continue paying fees through unexpected circumstances. We can then look at what is available to reduce those risks. If funding private education is important to your family please get in touch for a no fee, no obligation initial discussion.