The Independent Schools Council (ISC) conducts an annual survey which provides accurate information on the level of school fees charged throughout the independent sector.
Overall fee increases this year (2020) represent a 4.1% increase on 2019 levels with Day school fees rising by 4.4% and boarding school fees by 3.1%. More than half of fee increases will be down to the changes to the costs of the Teachers Pension Scheme (TPS).
The document available to download here provides extremely useful and comprehensive information regarding private education and if this is an area that you are considering, then we would urge you to contact us to discuss the appropriate planning.
Early planning can significantly reduce the impact and the use of tax efficient investment products can significantly boost the returns available if planning is conducted from birth for example.