Friday, 24 August 2012

School Fees Planning Benefits

The benefits of school fees planning are often misunderstood. I wish I had a pound for every time someone asked me "is IT a savings plan." The incorrect assumption underpinning this question is that people think they are about to sold something, a product.

School fees planning IS NOT a product, it is a service. For far too long the financial services industry has relied upon products and the transactional nature of product sale to support itself.

The way I see it the product (pension, ISA etc) is at the bottom of the food chain. The real value in school fees financial planning is helping people to establish a plan. Showing them the size of the problem (amount of school fees), what impact that will have on their lifestyle and future plans and then finally and most importantly show how we can achieve it.

I had a meeting recently with someone whom unlike many people I see had more than sufficient  capital to pay his school fees up front.

He unsure how I could help. This is never a problem because of course at that point, neither do I... The point of a first meeting is to understand a client's requirements, aspirations and lifestyle expectations and to identify and explore some of the options which may be beneficial to them.

He was indeed in good shape financially but what he didn't have was a plan. He had an idea on when he wanted to retire but beyond that, very little in terms of a plan. He missed the vital truth, as your circumstances change your plan needs to change.

At the end of the meeting I had described to him how his position lent itself to a huge array of opportunities and that I could definitely help with school fees. I outlined a plan and we arranged to meet again the following week by which time I would have put meat on the bones and be able to give him a "roadmap" of the plan.

Previously he was paying for his son's education twice, once in tax at 40% to HMRC and then again to the private school. Now we have removed this unfair tax arrangement and allow him to pay his school fees in a much more tax efficient manner. He still pays plenty of tax however what he is not paying for is a state education that he isn't using!!!

Ultimately there are often products sitting behind advice but the products are not the important bit, having a goal, working out how to achieve it and continually working toward that goal is what's important and for that you need a plan.

If it was called school fees product I could understand but it's not it is called school fees planning because that is exactly what it is, a plan!


  1. We have been providing physic homework help for long time. You can trust us and accept our service. I hope will not be loser.

  2. It seems to me that all the same it is necessary to carry out reforms in the field of education, because the current situation is just terrible. Now there is a tendency that students are overloaded with tasks and they just make orders for their implementation from such services This is very serious question.

  3. Assam Class 5 Textbooks list is available here. SCERT Assam Class 5th Assamese, Bodo, and Bengali learning outcome books PDF are announced on the official website. Assam State Board Class 5 EBooks to be released in online mode. Textbooks are important to students on the preparations of the examination. SCERT Assam 5th Class Books Assam Board V standard syllabus, blueprint, model question papers, sample papers, marking scheme, exam pattern and other educational materials will be proclaimed on the official website. Below we have given more relevant details on Assam Class 5 Assamese, English, Mathematics, Environmental Studies Textbook PDF

  4. KSEEB PUC 1st 2nd PUC Previous Sample Questions Papers 2022 Kar PUC Model Papers 2022 1st 2nd KSEEB PUC Previous Sample Papers for 2022 Examination Download Karnataka PUC 12th Class Board Model Questions Papers In the months of March and April 2022, 2nd PUC Model Paper 2022 the KSEEB PUC Department of Pre College Training in Karnataka will conduct public examination tests. Candidates can download Karnataka PUC Model Papers 2022 First and Second PUC Previous Sample Papers all Subjects wise Syllabus wise given here.