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ARTICLE · 14 SEPTEMBER 2023

Educator Trusts

Myerson Solicitors LLP
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According to the Independent Schools Council census, in 2023, the average cost of private school fees is £16,656 a year for day schools, with the typical fee level 5.8% higher than in 2022.

United KingdomFamily and Matrimonial
Myerson Solicitors LLP
Myerson Solicitors LLP

According to the Independent Schools Council census, in 2023, the average cost of private school fees is £16,656 a year for day schools, with the typical fee level 5.8% higher than in 2022.

With children now back at school (unless they are closed because of RAAC!), Myerson's Wills, Trusts and Probate team take a look at Educator Trusts.

What is an Educator Trust (ET)?

ETs can go by many different names, but they are typically a trust whereby a grandparent puts some of their assets into trust to reduce the Inheritance Tax (IHT) their estate will pay while making provision for their grandchildren's school fees.

The Trustees will invest the assets to generate an income which will pay the grandchild's school fees (with the underlying capital available to be used if necessary).

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