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School Fees & University Costs
Recent statistics show that those couples starting a family of two children and planning to send them to boarding school and university, will find that by the time the children have finished their first degrees, they will have spent over £1,000,000.
Needless to say, planning for these costs is best done as early as possible. While retirement can be deferred for as long as necessary, the date that school fees will be required can be calculated with a fair degree of certainty.
If you decide that your children will only be weekly boarders, or perhaps day pupils, the costs will still be significant. Funding them will be so much easier if you've planned well in advance. Of course, you could rely on paying school fees out of income - typically around the time that you actually need to cram for retirement.
Our financial consultants can show you the best way of approaching school fees, taking your and your children's needs into account, whilst still offering the flexibility to use the funds for something else if necessary.
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