Parents always want the best for their children and being able to give them a private education is the dream of many parents and grandparents.
But how can you fund your children's private education?
A recent study found that up to a quarter of private school parents struggled to meet payment deadlines and that over half of parents were concerned that they might not be able to afford the fees in the future.
The earlier you put a plan of saving in place the more time you'll have to build up sufficient money to help with the cost of fees.
And although for some parents the payment of school fees is unlikely to impact their lifestyle or act as a financial burden, even they can take steps that will bring wider wealth management benefits for them and their family
In all cases, a structured approach to school fees planning can offer you not only peace of mind but possible reduced tax liabilities.