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School fees exempted from tax?

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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Ashwin2005
Member
Posts: 157
Joined: Wed Aug 10, 2005 11:13 am

School fees exempted from tax?

Post by Ashwin2005 » Thu Nov 24, 2005 6:00 pm

When we admit or children in private schools, there huge expenditure in the form of school fees. Are there any tax exemptions available for the expenses we make on children's education?

If there are two children, then about 1500 goes in the school fees straight away. About 1000 for housing, another 1500 for living.. The expenses are mind boggling...

It looks like we have to receive at least 75,000 pounds as salay (which gives about 50,000 after tax) for comfortable living, with almost no savings.

Can anyone -who is already in UK- suggest how they are managing these much expenses?

MWazir
Diamond Member
Posts: 1160
Joined: Wed Aug 25, 2004 5:41 pm
Location: London

Post by MWazir » Thu Nov 24, 2005 6:36 pm

To start with, not everyone sends their children to private schools. Thats a personal choice that parents make and not everyone can afford it.
Housing should cost you £1000 including all your bills like council tax, electricity, gas, water. If you add another 1500 to your monthly living expenses, then IMHO you are living a very extravagent life.

You will also need to learn were to cut corners, to find the cheaper places to buy the same commodities. £2000 to £2500 is a comfortable living.

stedman
Member
Posts: 192
Joined: Wed Sep 28, 2005 4:15 pm
Location: london

Post by stedman » Fri Nov 25, 2005 6:44 pm

No-one is forced to send their child to private school. Primary and secondary education is free in the UK so how can you expect tax relief for private schools? What next, tax relief for travelling first class?

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