The cost of school fees can reach as much as £40k pa for one child. If you have more than one child and then factor in university fees too, the cost can be significant. It is essential to plan and save as early as possible to ensure the education of your children.
Our financial planners have the expertise to help you plan for the right school fees savings plan for you. Contact us for a free initial appointment.
There are a wide range of savings and investment products available that can help to reach your financial goals in planning for your child’s educational future. At Bigmore Financial Planning we consider your individual circumstances and set out a plan to meet your objectives. Whether you pay in a lump sum or pay in on a regular basis we will advise on the most tax efficient plan.
Long term care insurance provides the financial support you need if you must pay for care assistance for yourself or a loved one. Long term care insurance can cover the cost of assistance for those who need help to perform the basic activities of daily life such as getting out of bed, dressing, washing, and going to the toilet.
The cost of care is rising fast, with limited care home availability and people living longer, long term care fees can become a life changing issue. You can receive long term care in your own home or in residential or nursing homes. Regardless of where you receive care, paying for care in old age is a growing issue and can be a huge financial burden.
Government state benefits can provide some help but may not be enough to pay for the full cost of long-term care. In England, care costs are means tested, this means that if you have savings above a certain level, you will need to deplete these before the state steps in to help. With the rising cost of care this can often see inheritances and lifelong savings wiped out.
Please note: The Financial Conduct Authority does not regulate tax advice.
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