Education Planning
It is every parent’s dream to see their son or daughter
graduate.
There are a number of possible approaches to the task, which
fall into six broad categories, of funding education.
- From capital ahead of need.
- From income ahead of need.
- From capital from commencement of school.
- From income from commencement of school.
- From borrowing.
- From third parties, i.e. Grandparents.
While the funding of education possesses a unique character
in the minds of those who opt for it – improving their children’s chances –
it is really nowadays just another financial eventuality for which to plan and provide.
There are six principles to guide planning:
- Affordability – Plan for the worst years first.
- Security – Choose the right risk
for your money.
- Tax – Plan to maximise tax advantages.
- Flexibility – If plans change.
- Inflation Proofing – Often overlooked.
- Continual Review – To ensure the plan remains on target.
Seeking advice – contact
BROOMHEADS now.
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The FSA do not
regulate some forms of education fees planning. |
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Broomheads is a trading style of Broomheads
Financial Services which is an
Appointed Representative of
Personal Touch Financial Services
Ltd which is authorised and
regulated by the Financial
Services Authority |
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YOUR
HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR
MORTGAGE |
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We do not charge a fee for
mortgage advice however a fee paying option is available. Our typical
fee is 1% of the
mortgage |
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