Financial Planning Schemes

There are three main types of saving schemes for school fees:

1. Capital investment - Lump sum one-off payments suitable for those with large savings. Capital investment schemes are usually the cheapest method.
2. Regular savings - Requires monthly, quarterly or annual premiums geared to the investor's ability to meet those sums through net disposable income.
3. Equity release - Loans based on security, usually the most expensive method.

In addition, many companies may offer specialist plans to suit particular situations.

There are a wide range of companies who specialise in financial planning for school fees. Each has a range of saving alternatives to suit particular situations. By choosing the right scheme one may enjoy significant tax benefits and attractive interest rates which make your money work far harder than in standard savings accounts.

You may also wish to consider school fee protection plans; insurance schemes which will pay an element of, or the whole cost of school fees, should you be unable to meet them in the future as a result of illness, injury or other specific unforeseen circumstances.

The school fees planning business is very competitive, so it will pay to review as many companies and schemes as possible.

There are many organisations who provide flexible schemes for planning for the payment of School Fees. A list of some of the more prevalent ones are on the "Useful Contacts" section, but in any event take INDEPENDENT professional advice prior to signing on the dotted line.