Home > Legal Articles > Trusts and the cost of education: Part 1 – School Fees

Topic: Income Tax


  • Leanne Hathaway - Tax and Trusts
    Trusts and the cost of education: Part 1 – School Fees
    by

    Trusts are often thought of as something that only the very wealthy have need or use of, but there are several ways in which they can be of much wider use.  One easily overlooked tax fact is that children are also taxpayers, with their own tax free allowances and basic rate tax bands.  These are… Learn more

  • Leanne Hathaway - Tax and Trusts
    What taxes do you pay?
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    A large proportion of your income may go towards paying taxes and typically it is estimated that around 35% of the money we earn goes on tax. Direct taxes such as income tax and National Insurance account for 20% of the money we earn. Indirect Taxes such as VAT, duty on alcohol and petrol and… Learn more


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