Help paying for school fees

If you require help paying for school fees, then the earlier you start the better. It is never too late to start, even if your children have already begun their education, but taking steps to address financial concerns at the earliest opportunity is clearly the best course of action.

It’s never too late to start

We offer personal consideration to our clients and are often able to assist parents to cover the cost of their children’s education. To find out more, please contact us on 01628 566777 or email

It is only natural for your family income to come under strain as children get older, with the desire for new clothing, equipment and even the food bill all increasing. As a result, the household finances can often creak under the mounting pressure, with school fees contributing to this significantly.

At SFIA, we can formulate a plan to help you pay for your school fees conveniently by spreading the cost beyond the schooling period. Not only can this make them more affordable, but it can also restore your natural standard of living.

There are some key ways of going about this, namely short-term cash flow resolution and tax-efficient wealth generation, both of which have multiple benefits.


Quite often, the most significant asset parents have is the equity in their property. In some cases, it may be appropriate or even necessary to utilise this ‘dormant asset’. If this is the case, we would ensure that the mortgage obtained is flexible enough to ensure that funds are available when required and not before. This enables parents to minimise any interest payable on the loan.

The second part of this strategy has to be repayment of the loan. We will ensure this takes place within a sensible timescale and all within the resources you have available to you.

Wealth generation

Although tax relief is not directly available from school fees themselves, there are other ways of structuring this into a plan to reclaim tax. It is possible to arrange investments that attract significant tax relief or that do not produce any taxable income, or that produce income that is exempt from tax.

It may make sense for you to invest in assets which create a capital gain rather than income, in which case you may be able to take advantage of your Capital Gains Tax allowance rather than be taxed on any income produced.

School fees pension plan

This is often the best plan for those who qualify, enabling you to build up a substantially greater pension fund whilst paying off your school fees and, in some cases, generate tax relief that is greater than the cost of the school fees themselves.

Strategies for higher rate tax payers

If you pay higher or additional rates of tax, your personal allowance is eroded once income exceeds £100,000, but we can help with a solution that effectively provides tax relief at 60% at this level.

Other tax planning solutions

Even if the above options are not suitable for you, there are other ways to reduce or recover Income Tax, Capital Gains Tax and Inheritance Tax, with the proceeds then used to help pay your children’s school fees.