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Tools · Education Planning

Education Savings Calculator

Calculate how much you need to save monthly to fund private school or international school fees — accounting for the reality of fee inflation, which consistently runs above general inflation.

UK boarding: £25,000–£55,000+/yr. Day school: £15,000–£30,000/yr.
Historically 3–5% per year — typically higher than general inflation.

Monthly saving needed from now

£2,919/month

8 years until school starts

Total fees in today's money£245,000
Total fees in future money (3.5% inflation)£358,540
Future value of current savings£0
Additional amount to fund£358,540
Fee inflation premium£113,540

Annual fees (inflated) — first 6 school years

Child age 11£46,088/yearCumulative: £46,088
Child age 12£47,701/yearCumulative: £93,790
Child age 13£49,371/yearCumulative: £143,161
Child age 14£51,099/yearCumulative: £194,260
Child age 15£52,887/yearCumulative: £247,147
Child age 16£54,738/yearCumulative: £301,885

+ 1 more year not shown

Tax planning note: Using an offshore investment bond to save for school fees can be tax-efficient — the bond can be assigned to your child at 18 when they are likely a lower or nil-rate taxpayer, with up to 5% per year withdrawable without an immediate tax charge. Speak to an adviser about structuring your education savings.

This calculator is for planning purposes only. It does not account for bursaries, scholarships, changes in fee levels, investment charges, or tax on investment returns. This is not financial advice. Investments can fall as well as rise and you may get back less than you invest.

Plan your children's education funding

Our advisers can help you structure an offshore savings plan to cover future fees with the right growth and tax efficiency.

Related tools & guides

Why fee inflation matters more than you think

Private school fees have historically risen at 3–5% per year — consistently above general inflation. A child starting secondary school in 10 years at today's typical boarding fee of £35,000/year could face fees of £47,000–£57,000/year by the time they begin. Over 7 years of secondary education, that compounds to significantly more than simply multiplying today's fees by seven.

The most tax-efficient structures for international families include offshore investment bonds, which allow up to 5% per year in cumulative withdrawals without an immediate UK income tax charge — and can be assigned to a child when they turn 18 (often a lower-rate taxpayer) to manage the tax liability on gains.

This calculator provides estimates for planning purposes. It does not constitute financial or tax advice. Fee inflation rates vary by school and period. Investment returns are not guaranteed. Speak to a qualified adviser before making any savings or investment decisions.