A friend of mine, very sadly, is getting divorced. At the moment this divorce remains relatively amicable, with both sides being constructive and the financial matters largely resolved. But one key issue remains outstanding – how to provide for private school fees for the two young (aged between 5 and 10) children.
This couple are, relatively speaking, asset rich but income poor (though will both be higher rate tax payers). Based on anticipated regular income levels, private schooling would be unaffordable. But based on current net assets of over £3m, they think they can set aside funds to cover, at least partially, future schooling requirements.
Continue reading “How can affluent divorcees fund future school fees?”
FIRE v London 