EEP Thailand

23/01/2018

One of the great providers we work with to provide clients with a long term savings plan to efficiently build up a savings pot for the future. If you would like any more information please message us.

22/01/2018

A break down of the major costs of sending a child to University in the UK, USA, Canada and Australia.

Do you have a plan in place for your child's future?

18/01/2018

Help from grandparents.

Some families are lucky enough to have generous grandparents who are willing to contribute towards their grandchildren’s school fees. Before they provide any financial help, it may be worth consulting with a tax adviser who can talk through the Inheritance Tax (IHT) implications of gifting money for school fees.

Each person is entitled to give away up to £3,000 a year free from IHT. Called an annual gift exemption, it covers payments made to savings accounts, all types of trusts, child trust funds and Junior ISAs. There's also the right to carry over any unused annual exemption from a previous year into the next. However, carried-over exemptions expire if they're not used from one year into the next.

Bare trusts are also often used by grandparents who want to help with school fees. Under this type of trust, grandparents are trustees and decide how their money is invested. The child is the beneficial owner and takes ownership at age 18, but until then, the trustees can withdraw money for the benefit of the child, for example, to pay for school fees, saving for a first property or future wedding.

Message us today to find out more information.

18/01/2018

Are you prepared for the cost of education for your children?

18/01/2018

Education Fee Planning

As you are no doubt aware, the best schools and universities demand the highest fees to allow your child to attend and while twenty years ago a standard university education was more affordable, the abolition of grants and the introduction of university fees has meant that ensuring you have sufficient capital has become tougher.

The best education can require significant investment and ensuring that you are able to support their development requires specific education fee planning.

The most accurate plans require a strong understanding of the objectives and planning education is no different. It is important to understand both what you plan for your child and also anticipate the specific demands of your child, as even though you may have their life planned out until they graduate, it may not be quite as straightforward as that.

Education planning: More than just education fees

It is also important to remember that education is not just about fees. The requirements of attending school is growing with technological advancements.

What will your children require when they attend school?

Clothes, books, Kindles, iPads, laptops, mobile phones, accommodation? It all has to be carefully planned and catered for as the costs mount up.

Specific savings plans for education

There are a number of different savings plans specifically designed for parents planning to pay for their children’s education. These include single lump sum investment plans, plans with regular/irregular payments and schemes which are a mix of savings and borrowing.

If you would like help understanding your options please message us and one of our independent financial advisers will contact you to discuss your situation.

17/01/2018

17/01/2018

The rising costs of higher education!