Money Lesson Single

School fees, or the same money invested

Priya is forty, her daughter starts school this September, and the independent school four miles away invoices about three hundred thousand pounds over thirteen years with VAT already inside the figure.

What is the identical money worth at sixty-eight if it goes into an ISA instead?

Employment Expenses Child ISA Investments Savings Account

Invest the fees

2 Goals

Ada goes to the state school, and the money that would have been fees is invested instead.

Try this plan

Employment Expenses Child ISA Investments Savings Account

Pay the fees

2 Goals

Ada goes to the independent school, junior then senior, for thirteen years.

Try this plan

Invest the fees Pay the fees

Sending the identical money to an ISA instead of to the school leaves Priya ~£1.2m wealthier by the end, and fills an ISA allowance in every year of the school career that the fee-paying side never reaches.