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Planning for education

58 min watch 19 Aug 21

The estimated cost of one year’s University education is £20,000.

Seeing their friends and acquaintances children going off to university, seeing the headlines and first-hand accounts of the expense this entails, means parents and grandparents may well be turning their minds to how they can support their children and grandchildren, to make their university years as financially pain free as possible. Likewise, school fees may be weighing heavily on some minds. 

On this webinar Les Cameron, Head of Technical, looked at the tax, trust and other planning considerations when it comes to investing for educational funding.

Who's saving? Where to save? Do we need a trust? What should the financial planner be thinking of?

This session should help you gain a better understanding of:

  • Planning considerations for education funding

Presenters – Les Cameron – Head of Technical

Test your knowledge

To claim your CPD certificate, test your knowledge with the questions below.

Write down your answers to each of the following questions and check your answers when you click through to claim your CPD certificate on the link below.

1. According to the average cost of a university year is?

a. Just under £10,000

b. Just under £20,000

c. Just under £30,000

d. Just under £40,000

2. Which of the following is true regarding deeds of appointment and assignment?

a. Appointments change the legal owner and the tax position

b. Assignments change the tax position but not the legal owner

c. Appointments change the tax position, but the legal owner is unchanged

d. Assignments change the legal owner but maintain the tax position

3. The tax liability where parents invest for children is?

a. Taxable capital gains over £100 fall on the parents

b. Taxable income and gains over £100 fall on the parents

c. Taxable income over £100 falls on the parents

d. All taxable capital gains over £100 fall on the parents


Claim your CPD certificate