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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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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Independent School Council Census 2016 Highlights



Students with exam results

There are approximately 2,500 Independent Schools in the UK. 1,280 of these schools are members of the Independent School Council (ISC). The ISC produces an annual census. The highlights of the census reported in this article reflect the position in the 2015/2016 school year.

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Money Purchase Annual Allowance



Philip Hammond

Reduction to prevent inappropriate double tax relief Chancellor of the Exchequer, Philip Hammond, delivered his first and last Autumn Statement to Parliament on Wednesday 23 November 2016.

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Don’t put all of your eggs in one basket



eggs

Holding a blend of assets to help you navigate the volatility of markets One of the most effective ways to manage investment risk is to spread your money across a range of assets that, historically, have tended to perform differently in the same circumstances. This is called ‘diversification’.

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Delegating power



Elderly couple

When you are unable to make your own decisions More than two million Lasting Power of Attorney (LPA) registrations will have been filed by the end of 2016, with the number of appointments more than trebling between 2010 and 2015.

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2016/17 Year End Planning



buildings

Keeping your taxes as low as possible – what you may wish to consider sooner rather than later The 2016/17 year end for tax planning purposes is now only a matter of months away, with the deadline approaching on 5 April. Effective tax planning is about knowing the personal and business taxes you are liable […]

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