We all want the best for the children in our lives. We don’t know what their future will hold, but we do want to make sure they have every opportunity to do well and be happy, whatever they eventually decide to do.
With the average cost of full-time tuition fees in reaching just under £8,900*, a recent survey estimates that graduates could be saddled with an average debt of £50,000**.
Louise Davies (Associate Partner of St. James's Place Wealth Management) and Chris Baker (Partner of St. James's Place Wealth Management) offer bespoke face-to-face wealth management advice to families around the Home Counties and the South of England to create a bespoke plan.
Please note that Louise Davies and Chris Baker do not work in legal partnership with each other and both run separate businesses as representatives of St. James’s Place Wealth Management.
Many Parents continue to recognise the value that Independent education can offer – but it isn’t getting any cheaper. Private School Fees have increased by 3.5% in the last year (ISC Census 2017). There is only one sensible piece of advice to give any parent contemplating this most important investment – plan ahead.
We realise that your financial situation is unique, but whether you are looking to set up tax efficient savings and investments for future school fees, spread the cost of current school fees, or simply protect the school fees in the event of death, illness or inability to work, we can help create a bespoke plan.
The growing burden of Inheritance Tax
The number of families paying inheritance tax (IHT) is at a 35 year high – 2.6% of deaths gave rise to IHT in 2009/10 and 7.1% in 2015/16. Therefore, for grandparents trust planning can be a useful tool if they wish to make provision for school fees and achieve IHT benefits at the same time.
We will work with you to create a bespoke school fees plan addressing some or all of the following areas:
If you would like to talk to us, please complete the enquiry form or contact us on 020 3605 1205 and one of us will be in touch to discuss your situation.
Louise Davies DipPFS
Associate Partner of St. James's Place
Partner of St. James's Place
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
Trusts are not regulated by the Financial Conduct Authority.
*source: House of Commons Library, December 2016
**source:Institute for Fiscal Studies, July 2017