4 kids and private school

[WinkyWinkola]

at £10k p.a.

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

[goingmadinthecountry]

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]

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]

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?

[MollieO]

£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]

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

[WinkyWinkola]

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]

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

[senua]

LOL @ muppets

[seeker]

Stick with muppets!

[Halogen]

LOL @ muppets! That is hilarious!

[shortround]

bless, your friend would love you!!!

[southeastastra]

rofl at muppets

[desperatelyseekingsnoozes]

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]

After tax £100k each?

[shortround]

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

[desperatelyseekingsnoozes]

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]

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

[shortround]

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]

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]

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]

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

[WinkyWinkola]

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

[stillstanding]

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]

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

[stillstanding]

I think the figure bandied about re the cost of (day) private school is £250k per child for the school life of that child