Priceless education



Pencils

Choosing an independent school is a serious investment Parents or grandparents wishing to give their children or grandchildren the benefit of an independent education face startling costs. This is followed after school by the costs of a university education, which are also considerable. However, with careful planning, it may be possible to avoid a huge […]

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Smart Money September 2017 Edition



New State Pension Age

Welcome to our latest issue of Smartmoney, which you can view at Smartmoney September 2017. Will you be one of the six million workers who will have to work an extra year before retiring after the Government announced that it would be extending the retirement age to 68?

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Salary sacrifice schemes and school fees



Salary Sacrifice

Many organisations offer salary sacrifice schemes. A salary sacrifice scheme is a contractual arrangement under which an employee accepts reduced gross pay in return for their employer providing a specific non-cash benefit.

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Offshore bonds fund school fees



Foreign currency

Offshore bonds are single premium life insurance policies. The bond is an investment portfolio structured in a way to combine a life insurance policy and a portfolio to create a wrapper through which investors can buy, manage and sell their assets. They provide an environment for assets to grow with little or no tax.

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Tax relief and pensions



sun bed

Annual and lifetime limits Tax relief means some of your money that would have gone to the Government as tax goes into your pension instead. You can put as much as you want into your pension, but there are annual and lifetime limits on how much tax relief you get on your pension contributions.

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Loans for School Fees



Hanford School

School fees payments may start at an affordable level, but often the ability to sustain these fees from income becomes difficult to maintain when additional children start school and perhaps only one parent’s income is being utilised.

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