Contact

News & Insights

Saving for Education – Now is the Time to Act

Plan ahead to ease the burden

Like most financial decisions, forward thinking is paramount to making it work. Quite simply, the sooner you consider and act on the issue of education fee planning, the lower your monthly costs will be – ultimately, this means less stress and, crucially, greater leeway and greater choice.

Long-term savings vehicles are almost always going to represent the best option for those engaged in education fee planning. This is because short-term vehicles are likely to prove too risky and may even prove harmful to your prospects of realising your long-term goals.

Fortunately, there are measures that can be taken with expat regular savings and in the majority of cases this is likely to involve the creation of an intelligently diversified investment portfolio. In many cases this may be able to provide reliable yields without too onerous a monthly financial commitment.

Remember, although education fees are expensive, they can be attainable. Rather than scrimping to meet the costs as you send your child off to school, plan for them; by taking the path of investment you can get capital markets to do the lion’s share of the work for you.

You may need some education for a strong regular savings plan

Just like you trust the teachers at a place of learning to impart the best knowledge to their pupils, so it follows that if you are undertaking a set of expat regular savings and investments then you may need a little expert help.

Blacktower has offices across Europe and beyond and we are able to offer intuitive advice based on your personal needs, investment goals and time horizon. To start on the road for education fee planning contact us today, to see how we can help you.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Expats should consider short-term appeal of regular savings, says report

There are so many options when it comes to expat regular savings, but sometimes, according to a new piece of research, the best thing to do may also be the most straightforward.

The report, which was carried out by Paul Lewis (respected journalist and presenter of Money Box, Radio 4’s flagship financial affairs programme), found that over a 21-year period, regular savings actually produced better returns than shares from a FTSE 100 tracker fund.

The research has raised some eyebrows in the financial advice and wealth management industries, where it has long been the accepted position that investing in shares produces better outcomes than simply adding to expat regular savings.

Read More

HMRC Pension Transfer Guidance May Change

CogsThe rules relating to pension transfers and inheritance tax could be set to change after HM Revenue & Customs (HMRC) announced that it is to review its guidance on the matter following a number of concerns raised by the Office of Tax Simplification (OTS) in a review published on July 5 2019.

One area that the OTS has earmarked for examination involves the rules relating to pension transfers made within two years of a person’s death. Such transfers can result in the deceased person’s remaining defined contribution pot being subject to 40 per cent inheritance tax unless the estate can prove to HMRC that the pension transfer was made without the intention to deliver gratuitous benefit.

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information: