If you send your child to private school, do you think this will work?

I would take that 100k right now and buy a property ASAP. This gives you an ever increasing rolling income that will pay your child’s fees as they get older.

This is very doable in northern towns and cities with good returns

Do take a day off

If this money is all you have then I'd put the money aside for a property / deposit for them when they are 18 and send them to school for free!

I think private school is great. Dh and I both privately educated. We haven’t thus far sent ours private as it would be cutting it close, though would consider it in secondary (eldest going into y7) if they were struggling.

What I wouldn’t waste money on is pre-prep or prep. Send them to a good state primary and bank those years of savings and re-assess what would be best for them as they enter secondary school.

As for your affordability, Dh and I make twice what you make and it would be tight. Investing that savings now to pay out at secondary age would be wise.

If you invest well you might be able to get a 15-20% annual return on your capital which could pay fees and still leave you with capital. Look at a good mix of high dividend (low risk
) stocks. Eg HSBC, Lloyds etc.

I personally believe prep/pre-prep is when kids receive the true benefit of being privately educated if you pick the right school. Access to sports, access to a broad mix of experiences, art and music when the brain is forming means these kids tend to do well regardless of where they study later.

Twat Klaxon!

You've got a house deposit for DC saved which is good, but also think about if you can also afford to contribute to university costs and driving lessons as well as giving your DC good experiences like holidays, activities and days out which are important for a balanced life. You also need to be able to save for your own life and retirement, have you got a decent pension pot and savings for yourself? I'd prioritise all those things over private school as life isn't just about which school you go to. If you have got all that then go for it.

Wait until secondary. I sent mine private from Reception and it nearly bankrupted us because once they start the idea of taking them out is awful. If I had my time over I would keep them in state primary for as long as possible then switch. There's the fees then the uniform, the trips and lots and lots of extras.

No capital letter required to start the word 'klaxon' klaxon.🤦‍♂️

£4K and £100k savings plus a house … that’s why people
assume the well off use private schools, because they do!
What a waste of money. Use state school, pay for decent extra curricular ( private will be charging you anyway for music tuition, drama tuition, etc) show some interest in your kids education and they’ll be fine.
Better than fine - with all the advantages you can give.
Private school is no longer the pathway to privilege it used to be - my global company’s new grad scheme specifies state school only from age 6 all the way through.
We trialled it a few years ago for diversity, and the calibre and resilience of those grad was so good it’s permanent .
Of course, we don’t discriminate against privately educated - we just did away with the actual grad scheme ‘for now’ and have a DEI programme running separately that they aren’t eligible for.