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4 kids and private school

(80 Posts)
WinkyWinkola Mon 23-May-11 20:11:47

at £10k p.a.

How much would you have to earn to send all of them and each of them, please?

goingmadinthecountry Mon 23-May-11 21:02:03

I'd say have a spare 75/80k you don't need for anything else before tax. Remember, fees rise quite dramatically with age/

silverfrog Mon 23-May-11 21:08:53

primary or secondary?

in primary, fees tend to rise each year (not in an inflationary way, just gets more expensive as you go up through the school).

I'd agree with goingmad - once you factor in extras, then inflationary rises etc, plus hidden costs (might need extra support tuition etc), I don't htink that figure is far wrong.

senua Mon 23-May-11 21:10:38

What job do you do that allows you to command that sort of money but not be able to do a simple net-to-gross calculation?confused

MollieO Mon 23-May-11 21:13:14

£10k is pretty cheap for secondary and at the average for prep. Pre-prep is cheaper. I reckon you need to think more £14k for day secondary. £56k out of taxed income. Plus another £3k for extras between the 4.

MollieO Mon 23-May-11 21:16:15

Sorry just read how much you'd need to earn not how much it costs blush. My revised figure is £78k.

WinkyWinkola Mon 23-May-11 21:19:10

Lol, Senua. I was just being nosey! Idle chat between me and a friend about a old chum from university who is obviously doing very well for herself sending her three soon to be four muppets to private school.

A spare £80k for all four. Lawks.

WinkyWinkola Mon 23-May-11 21:20:05

Not muppets! My phone drives me mad. Nippers I meant to type.

senua Mon 23-May-11 21:22:28

LOL @ muppets grin

seeker Mon 23-May-11 21:22:37

Stick with muppets!

Halogen Mon 23-May-11 21:35:55

LOL @ muppets! That is hilarious!

shortround Mon 23-May-11 21:57:19

bless, your friend would love you!!!

southeastastra Mon 23-May-11 22:01:10

rofl at muppets

desperatelyseekingsnoozes Mon 23-May-11 22:04:48

We were paying school fees for 4 children at one point, we both earned ,on average, in excess of 100K. Secondary fees can be closer to 20K than 10K. We also spent a lot on extras such as trips etc.

WinkyWinkola Mon 23-May-11 22:06:45

After tax £100k each?

shortround Mon 23-May-11 22:11:11

At the moment my sons senior school fees will freeze at £9,600 from year 7 onwards, thats day school.

desperatelyseekingsnoozes Mon 23-May-11 22:12:16

My DH would have been, I would not.

I now earn a fraction of what I did, I am now a teacher, but 3 of the 4 are now in a state school.

PorkChopSter Mon 23-May-11 22:14:41

Do you get a discount if they are at the same school? Surely the 4th goes free?!

shortround Mon 23-May-11 22:17:21

lol ..porkchopster,
no discount for subsequent children at our sons school, however at the school my husband went to we would get a 20% discount because he went there, and then further off for subsequent children, problem being its a boarding school, and double our current fees! lol!

OwlMother Mon 23-May-11 22:19:27

At my children's school you get a discount for the third child, taken off the fee of the most expensive child (I think!).

happygardening Tue 24-May-11 08:48:03

We reckon to comfortably put two through senior boarding school, most are currently just under 30k a year without extras, you've got to be earning a minimum of 180k but preferably 200K. If you think about it you have to have a spare 70K after tax, mortage, food, cars, etc. that you dont know what to spend it on. That seperates the men from the boys! Ok you might get a discount of 10% for siblings if your lucky but thats still a lot of money.

coccyx Tue 24-May-11 10:14:57

Separate the men from the boys??????

WinkyWinkola Tue 24-May-11 11:13:11

So, to put four kids through private school, you need to earn £70k gross?

stillstanding Tue 24-May-11 11:20:27

70k net, I would think. And that has to be your disposable income, ie just for the school fees. Forget paying for your mortgage/food/heating.

zeolite Tue 24-May-11 11:21:28

For four, it's more like £100k-200k gross to spare a year (after living costs), depending on age and day/boarding.

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