The tax efficient way to fund education

Fees for private school and university education are not cheap. According to the Independent Schools Council Annual Census in 2012 the average annual fees are £10,539 for junior school, £12,408 for senior school and £13,053 for sixth form. University fees (for England and Wales) can now be as high as £9,000 pa – and on top of that you can add approximately £7,280 for accommodation and food for any students living away from home, giving a total of £16,280pa. Education fees tend to increase more rapidly than inflation, so using 5% pa should give a reasonable indication of future costs. ...