Every parent wants the best start in life for their child. Of all the benefits you can provide, none has more lasting value than a good education at a school where your son or daughter will be happy and successful.
If your job entails frequent travelling or relocation, independent boarding schools can ensure an uninterrupted education for your child.
There are several specifically tailored savings plans currently available to help you build up the necessary funds to meet the cost of sending your child to an independent school. Contributions can be made by investing regularly from income, by investing a lump sum or a combination of the two methods.
The savings term selected will normally coincide with the date that the first terms fees are due. Alternatively you could choose a term that will coincide with the date that the final terms fees are due.
As an important option, most plans allow for the inclusion or addition of Life Assurance cover to make sure that the funds are still available even in the event of early death of the parent. In some cases, similar protection is available against the parent being diagnosed with a Critical Illness.
School Fees inflation is typically far in excess of general inflation which makes it all the more important to start providing for these costs well in advance.
Most importantly of all, none of the plans I recommend restrict the use of these funds specifically to education costs.