Sympathy in short supply as school fees 'leave £100k income households on less than minimum wage'

Sympathy in short supply as school fees 'leave £100k income households on less than minimum wage'

Families with an income of £100,000 are being left with 'less than the minimum wage' because of the VAT on private school fees, according to new research.

Families earning £100k ‘worse off than minimum wage’ after private school fees, says report – Your Capital Minds

Families earning £100,000 a year are left with less disposable income than those on minimum wage if they send two children to private school, according to new analysis by financial planning firm Saltus. The introduction of VAT on private school fees has pushed costs sharply higher, leaving even high-earning parents struggling to cover education costs without making significant sacrifices. Saltus said families now face an average annual fee of £5…

Families earning £100k ‘worse off than minimum wage’ after private school fees, says report

Families earning £100,000 a year are left with less disposable income than those on minimum wage if they send two children to private school, according to new analysis by financial planning firm Saltus. The introduction of VAT on private school fees has pushed costs sharply higher, leaving even high-earning parents struggling to cover education costs without making significant sacrifices. Saltus said families now face an average annual fee of £5…