Back to investment school for parents
Article Abstract:
UK school fees have risen and can be expensive, so parents may need to invest to pay these fees. There are three main types of plans to save for fees. Educational trusts pay an annuity from the investment proceeds of a lump sum. The tax advantage of these trusts will disappear from April 1997. Composition schemes involve paying a sum to the school, and this leads to a cut in fees that is more than the lump sum paid. Such schemes are tied to one school. Endowment policies are also used to pay for school fees. Investors can also save through tax exempt savings accounts or personal equity plans.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Time for a crash course on paying school fees
Article Abstract:
Paying for school fees in the United Kingdom involves planning early since fees are usually too high to be paid from capital or income. Tax advantages of school fees plans have been reduced, and schemes run by schools themselves have disadvantages such as being tied to a particular school. Educational trusts provide greater flexibility, but other products may be more suitable. Endowment policies are lower-risk investments which tend to have lower returns. Zero-dividend preference stocks may also be appropriate.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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