Prepare
Education Planning
A FISICS Education Plan has the same objective of making future education affordable, but international characteristics can materially change the funding requirement.
A child may study overseas, a parent may live or work abroad, grandparents or other family may contribute from another country, or the student may have another nationality or residence status.
What does this service involve?
The plan involves estimating future education costs, deciding when the money will be needed and building a dedicated funding strategy.
Cost Plan
Plan for tuition, accommodation and living costs in the currencies and countries where they may actually be paid.
Tax Report
Consider the tax and reporting treatment of gifts or transfers made across borders.
Saving Structure
Check whether savings structures are recognised, accessible or tax-efficient in both the funding country and the education destination.
Visas and Residence
Allow for visa, residence, nationality and international fee-status issues that may affect the cost or movement of funds.
Which best describes you today?
You may be considering this because your circumstances have changed, you're planning ahead, or you simply want greater clarity.
You're already paying school fees
You want to make sure those costs are being funded in the most sensible way alongside everything else.
You have money available now
You would rather make a plan while you have the funds than face large costs when they arrive.
You are unsure how best to make a gift
You want to understand the tax and financial implications before giving a significant amount to your children or grandchildren.
You are starting to think about future school fees
You want to know what private education could cost and how much you should start putting aside.
What could happen without a plan?
Large costs arrive without a plan
School and university costs can become difficult to manage when they have not been built into your finances early enough.
Your other goals come under pressure
Funding education from monthly income can leave less room for retirement, investing or other important plans.
Family support becomes reactive
Without a clear plan, decisions about helping children or grandchildren can end up being made when the money is already needed.
Which best describes you today?
You may be considering this because your circumstances have changed, you’re planning ahead, or you simply want greater clarity.
What could happen without a plan?
You're already paying school fees
You want to make sure those costs are being funded in the most sensible way alongside everything else.
Large costs arrive without a plan
School and university costs can become difficult to manage when they have not been built into your finances early enough.
You have money available now
You would rather make a plan while you have the funds than face large costs when they arrive.
Your other goals come under pressure
Funding education from monthly income can leave less room for retirement, investing or other important plans.
You are unsure how best to make a gift
You want to understand the tax and financial implications before giving a significant amount to your children or grandchildren.
Family support becomes reactive
Without a clear plan, decisions about helping children or grandchildren can end up being made when the money is already needed.
You are starting to think about future school fees
You want to know what private education could cost and how much you should start putting aside.
