The 20% VAT on private school fees will significantly impact parents, especially after an average 8% increase for the 2023/2024 academic year. This hike has raised private school fees to an estimated £6,021 per term, totalling over £18,000 annually!
Join our experts as they discuss strategies to manage this levy and enhance the tax efficiency of your finances. Discover:
- Options to make the VAT increase more affordable
- Ways parents can maximise their ‘investment runway’ to cover private school fees
- Various cost-saving measures parents can consider
- How parents can protect their family’s future financial security
Angelique Ruzicka
Content WriterInvestment
Natasha Etherton
DirectorFinancial planning
Toby
PartnerPrivate Client Tax Services
Jayne Adams
PartnerMcCarthy Denning
Please note no personal advice will be given during the webinar, and tax rules depend on personal circumstances and can change.
