Education Fee Planning
Planning for your children’s future
Chase Buchanan has been helping families just like you to meet the increasing costs of school and university fees abroad for over a decade. So whilst you enjoy your career abroad, rest assured that your children are getting the best education possible.
Frequently asked questions:
How much does university cost as an expat?
If you don’t qualify for ‘Home Status’, your children will be classified into tiers which determines how much you pay. There are NO limits to the charges universities can apply to ‘overseas’ students. Even if you are lucky enough to achieve ‘Home Status’, the fees remain far from cheap, leaving many students in debt before they even start work.
What kind of plan is right for you?
As an international worker, you will need a more flexible plan which allows multiple currencies and one that can adapt if you move. You may receive bonuses you would like to put towards your plan, but want to access if needed. There are numerous options.
Will I have to pay tax on my savings?
It really depends on where you are living when your children go to university. Our plans always aim to make you as tax efficient as possible. We will help advise you through how to best make withdrawals. Between now and then, your savings will normally grow tax free through what is known as ‘Gross Roll-up’
What happens if I move?
As an international worker, this is quite likely. Therefore all plans are designed to be portable and in some cases you can even change the currency part-way through if you get paid in Dollar rather Euro for example, or want to spend in a currency to better suit you.
How much will I have to save?
At the moment it’s not how much, but when. The cost of delaying by even a couple of years can considerably increase how much you need to save each month in the future. We can work out target funds, likely returns and cashflow forecasts with you.
How long should I save for?
There are a few factors which will decide this but you would normally plan to save up to the education start date of your youngest child. Most plans carry a minimum term of 5 years and a maximum of around 20 years.