Education fund planning has one principal benefit: ensuring that you are able to provide the best possible education for your children.
With education fees becoming higher and competition for school places becoming much harder, it is more important than ever to ensure that you have enough squirrelled away to provide the best possible education for your child's ability. It is common practice to set up a simple savings account, but often there are many benefits to setting up a more comprehensive scheme, such as;
- Greater flexibility to input funds
- Reduced tax burden
- Higher rates of return than savings accounts
- Global and currency diversified funds that protect against currency fluctuations
- Broader range of investment opportunities