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Providing a good education for your children is probably the best gift any parent can give. Of all the areas of financial planning we cover on our website, this is one of the most widely read articles - for a good reason too. The cost of education is rising at 4 times the rate of inflation. It is likely that your children will be given an education based on your financial standing and not their ability. In an increasingly competitive global job market, top qualifications are more important than ever before. To give your children a head start in life, it is important to ensure that you have made preparations so that they receive the best education available. If you plan now then you can work towards meeting this financial burden and for more info

More and more employers only consider university graduates as prospective candidates. It is no longer adequate to simply have a secondary school education but is becoming essential to have a tertiary education as well.

Educating children can be an expensive business, but, like many other financial commitments, there are real benefits in planning and saving early.

People travel all over the world to further their education to destinations such as the USA, Canada, Australia and the UK.

A determining factor when selecting a suitable school or university is the cost involved - not only tuition fees but also living costs. Delaying making provisions can affect not only your children’s education but also their own standard of living. To avoid any of these problems it is vital to plan ahead.

On top of tuition fees, you need to budget for boarding costs. These can be quite significant and will vary from country to country, and need to be included in your planning.

• The average boarding school fees for 2006/2007 are US$29,248 per annum.
• The average university fees for 2006/2007 in the USA are US$22,300 per annum. (This figure does not include living costs).
• Boarding school and university fees have been increasing by more than 4 times the rate of inflation.

The longer one puts off making provisions, the more expensive the solution becomes. With the cost of school fees rising at more than 4 times the rate of inflation, we suggest you contact one of our consultants today to get a quotation and to discuss the various ways to secure a good education for your children’s future.

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Tel: (+9714) 3489330