Private school fees scheme allows wealthy parents to save thousands of pounds in tax
▻http://www.independent.co.uk/news/education/schools/private-school-fees-scheme-allows-wealthy-parents-to-save-thousands-o
Britain’s wealthiest parents can have their private school fees slashed and save on their tax bills under deals being offered by some of the country’s leading independent schools.
Under them, parents are encouraged to stamp up fees in advance for all or part of the years their children are at private schools.
The advance payment is then invested by the private school which, because of its charitable status, is exempt from paying any tax on interest earned from the investment.