Calculate Your Private School Fee Costs
About This Calculator
This calculator helps UK families plan for the full cost of private school education, including the 20% VAT introduced from January 2025. Enter your fee details to see total costs over your child's school career and how much you need to save each month to fund them.
The calculator models fee inflation (historically 4–6% per year for private schools) and compares ISA vs pension drawdown funding strategies.
Frequently Asked Questions
Do private schools charge VAT in the UK in 2026?
Yes. From 1 January 2025, independent school fees in England are subject to 20% VAT. This was introduced by the Labour government and applies to most private school tuition fees. Some exemptions may apply for children with Education, Health and Care (EHC) plans.
How much are private school fees on average in the UK?
Average private school fees in the UK are approximately £15,000–£20,000 per year for day pupils (before VAT). Boarding school fees average £36,000–£45,000 per year. With the 20% VAT addition from January 2025, day school fees typically range from £18,000–£24,000 annually.
How can I fund private school fees tax-efficiently in the UK?
The most tax-efficient strategies include: using ISA savings (tax-free growth and withdrawals), pension drawdown for higher-rate taxpayers (tax relief on contributions), grandparent gifting from surplus income (IHT-free), employer childcare schemes, and family investment companies. A financial adviser can tailor a strategy to your circumstances.
Can grandparents pay private school fees tax-free?
Yes. Grandparents can pay school fees directly from their regular income without affecting their Inheritance Tax (IHT) position, provided the payments are made from surplus income as part of normal expenditure. This is known as the 'normal expenditure out of income' IHT exemption. Lump sum gifts may also qualify for annual gift exemptions (£3,000 per year).
Is private school worth it financially in the UK?
Research suggests private school pupils earn on average 7–17% more than state school peers with similar academic ability. However, with VAT now adding 20% to fees, the financial case requires careful analysis. Factors include: local state school quality, subject availability, class sizes, and alternative investment of fee money. Use this calculator to see the true total cost over your child's school career.