It's no wonder parents aspire to provide their children with a private education; smaller class sizes, improved facilities, individualized attention, a wide range of extracurricular activities, and the potential for higher academic achievement.
However, with the costs of private education reaching record highs, it is important to consider steps you can take to financially support these fees.
Get structured payouts via a regular savings plan, which has structured future withdrawals for university tuition and related expenses. Ownership of account can be transferred to your child from age 18.
Give your children or grandchildren a head start by creating a general school fee account through a regular savings plan or one-off single investments.
The expense of providing your children with a private education is likely to be the most significant financial commitment you make. By spreading out the cost over a longer period, you can make the education more affordable, while also leveraging tax planning strategies to potentially increase your long-term wealth.
Once you've made the decision to pursue independent education for your children, it becomes crucial to seek appropriate advice to ensure the continuity of their schooling.
Sound advice has the potential to significantly reduce the cost of education by 50% or more, safeguarding your child's uninterrupted educational journey, regardless of any future changes in circumstances.
Improper planning of independent education costs can have serious consequences for both the child and the parent down the line. Therefore, it is vital to plan ahead and make informed financial decisions.
Try our school fee planning calculator to understand what you need to save now.
✅ Reduced Financial Stress: Avoid last-minute panic by planning ahead and managing school fees effectively.
✅ Budgeting Made Easier: Plan your finances in advance, allowing for better budgeting and avoiding sudden financial strains.
✅ Access to Quality Education: Ensure your child's education is not compromised by securing funds for tuition and other educational expenses.
✅ Improved Savings: By planning for school fees, you can allocate funds wisely, potentially increasing your savings over time.
✅ Future Financial Security: Set your child up for success by planning for their education, laying the foundation for a secure financial future without the need of high-interest student loans.
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Experience advising clients of all profiles
International Certificate for Financial Advisors by the Chartered Insurance Institute (CII)
Monetary Authority of Singapore Financial service license 2003-2011
Singapore College of Insurance Qualifications
Rules and Regulations for financial advisory services 2003
Collective Investment Schemes 2003
Life Insurance and Investment linked policies 2003
Health Insurance 2011
An expat with stints in Singapore, Hong Kong, Malaysia, Spain and Thailand