Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Eton College to raise fees by 20% after VAT introduction

by August 31, 2024
August 31, 2024
Eton College to raise fees by 20% after VAT introduction

Eton College has announced it will increase fees by 20% from January 2025, passing the full cost of the newly introduced VAT on private school fees directly to parents.

This change will see annual fees rise from £52,749 to over £63,000, affecting most families except those on full bursaries. The decision follows the government’s move to apply VAT to private education, a policy aimed at raising funds for state schools, which has been met with criticism from independent school leaders.

In a letter to parents, Eton expressed regret over the government’s decision, highlighting the financial burden this tax would impose. Lord Waldegrave of North Hill, the outgoing provost, noted the difficulty for parents adjusting to such a significant increase on short notice, stating, “While this news was not unexpected, we regret that the Government has chosen to tax education in this way.” He acknowledged that the 20% rise might make Eton unaffordable for some families, adding that the college might expand its £10 million financial assistance fund to support those impacted by the fee hike.

Eton is the first major school to pass the full VAT cost onto parents, while other prominent institutions, such as Alleyn’s School and Stowe School, have also announced significant fee increases, albeit at lower percentages. Alleyn’s in Dulwich will raise senior school fees by 15.5% from January 2025, and Stowe is planning a 15% increase. Latymer Upper School in west London and other private schools are expected to announce similar changes as they adjust to the new VAT rules.

The VAT policy, driven by Labour’s agenda to generate approximately £1.5 billion for the state sector, has prompted concerns about the affordability of private education. Headteachers from various schools, including Stowe’s Anthony Wallersteiner, have voiced opposition, warning of potential repercussions such as a shift of students from private to state schools, which could increase the burden on the public education system.

Parents now face a tight deadline to make decisions about their children’s education, as most private schools require a term’s notice to withdraw pupils. With these substantial fee increases on the horizon, families must quickly assess the financial impact and decide whether private education remains a viable option.

Read more:
Eton College to raise fees by 20% after VAT introduction

0
FacebookTwitterGoogle +Pinterest
previous post
What Would a Top in Semiconductors Mean for the S&P 500?
next post
Q&A with Senior Helpers Glen and Michelle Scharfeld

You may also like

Business Champion Awards release Scale Up and Market...

February 15, 2023

Safeguarding your wealth: Strategies to navigate potential labour...

July 7, 2024

What Benefits are Available with Cross-Platform Gaming for...

October 23, 2024

A Happy New Year for UK’s optimistic SMEs,...

January 4, 2023

UK farmers’ incomes stuck at 1970s levels, major...

March 13, 2025

Made in Britain applications surge following Trump tariffs...

May 2, 2025

Brompton’s profit plunges to less than the price...

January 3, 2025

Uber announces new updates to make it easier...

June 8, 2023

Barclays fined £8.4m after shops lose out on...

December 2, 2022

Astrazeneca scrapped £450m vaccine plant after government missed...

March 19, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

      June 7, 2025
    • Deadly drone wars are already here and the US is horribly unprepared

      June 7, 2025
    • Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

      June 7, 2025
    • FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

      June 7, 2025
    • ‘Right down the line’: Medicaid reform in ‘big, beautiful bill’ divides lawmakers by party

      June 7, 2025
    • FAST distribution and IA

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,562)
    • Stocks (3,135)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved