Money Lesson Couple

Two children, thirteen years each

One child at a fee-paying school is a stretch. Two is a different animal, because for five years you pay both senior fees at once. Here is what those years cost, and what the same money is worth if it never leaves your own accounts.

Employment Child ISA Investments Savings Account Property Expenses

State school, invest the fees

2 Goals

Both children go to the local schools, and the money that would have been fees stays in your own accounts.

Try this plan

Employment Child ISA Investments Savings Account Property Expenses

Private all the way

2 Goals

Both children at the independent day school, junior then senior, thirteen years each.

Try this plan

State school, invest the fees Private all the way

Sending both children to the local schools and keeping the fees invested leaves you ~£1.9m wealthier, and fills two tax-free allowances every year of the school career that the fee-paying side never gets near.