Throughout our extensive history, SFIA has prided itself in making school fees less taxing for our clients through the use of educational trusts between 1970 and 1990 and more recently by the development of our School Fees Pension Plan.
For those that qualify, this is often the best option. You may build up a substantially greater pension fund and pay off your school fees. The additional tax relief gained can often be more than the original school fees!
Not everyone wishes or is permitted to use a traditional pension fund to build up additional assets for retirement. In that case, self invested pensions may be more appropriate.
Your portfolio of assets may include:
- Direct investments in shares
- Insurance company funds, investment trusts and unit trusts
- Government and ‘blue chip’ corporate bonds
- Commercial property and Real Estate Investment Trusts (or similar)
Self invested pensions offer investors all the advantages of a standard pension plan with the added flexibility that:
Contributions can be made when the member requires
Investments are fully controllable by the member (within broad guidelines set down by the Government)
Benefits can be taken in a highly flexible way to suit the member.
Self invested pensions put you in the driving seat.
For more details, see an illustrated example of a School Fees Pension Plan in the Case Studies section of our Website.