New parents should save up to £260 a month to fund uni costs - Rplan

£150 a month over 18 years for 'lower-tier' fees

Victoria McKeever
clock • 2 min read

New parents should be saving up to £260 a month to cover the cost of their child attending university in 18 years' time, according to new figures from Rplan.co.uk.

This is based on the online investment platform's 'upper-tier' estimate of fees and living-cost growth at a 2% inflation rate, giving a total of £74,307.08. This assumes fees of £9,000 and annual living costs of £8,000. For the 'lower-tier' estimate, which assumes fees of £6,000, the total is £43,710.05, which equates to saving £153.27 per month. For parents with less time to save, as the table below shows, Rplan has suggested higher monthly contributions based on nine and five years savings. All calculations assume an annualised return of 3% a year after charges, which is in line wit...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Will continue to be led by current management team

Patrick Brusnahan
clock 23 December 2025 • 2 min read
2025 reflections: How strong companies trumped politics

2025 reflections: How strong companies trumped politics

Fears of an AI market bubble persist

Ryan Hughes
clock 23 December 2025 • 3 min read
What does 2026 hold for investment?

What does 2026 hold for investment?

‘The disruptors of yesterday are now the establishment’

Jen Frost
clock 17 December 2025 • 3 min read