School Fees Calculator

Plan ahead for private education costs with inflation and tax considerations.

School Details

Current Annual Fee (exc. VAT)£15,000

Fee Inflation (p.a.)5%

Child's Current Age5 years

Start Age

End Age

VAT on School Fees: Since January 2025, private school fees are subject to 20% VAT. This calculator includes VAT by default.

Total Cost of Education

£281,934

Over 11 years (inc. VAT)

Monthly Saving Needed

£11,747

if starting now

Years Until Start

Year by Year Breakdown

Age 72028

£19,845

Age 82029

£20,837

Age 92030

£21,879

Age 102031

£22,973

Age 112032

£24,122

Age 122033

£25,328

Age 132034

£26,594

Age 142035

£27,924

Age 152036

£29,320

Age 162037

£30,786

Age 172038

£32,325

Important: This calculator is for illustrative purposes only and does not constitute financial advice. Results are based on assumptions that may not reflect actual market conditions or your personal circumstances. Please consult a qualified financial adviser for personalised guidance.