Quote:
Originally Posted by richdog
LOL, for real?!
Use your tax free cash from a Pension and make sure you are over 55 and have £200k in it?
Invest a couple of hundred thousand in an offshore bond and set the children as beneficiaries?
Here's a newsflash for you - these things happen all the time, I'd say 99.999999999% of the time the money is not used to pay school fees but to pay of mortgages, buy cars, avoid IHT, gift money to children etc etc
These things have nothing to do with school fees exclusively except the one about paying hundreds of thousands of advance fees - it should be obvious that no-one is getting 3.5% interest on account these days and I'm not sure most schools would like to play the stock market with required teaching funds so I think you will have to try harder and look again.
Of course one poster mentioned earlier that each child is subsidised to the tune of around £250pa so that is far worse than the state paying the tens of thousands that would be required to teach them should the child not be in private education.
Ditch your envy and jealousness, take a deep breath and then calmly try to explain why the state does not benefit from children being taken out of state education (which will ultimately also be to the child's educational benefit) to the sum of tens of thousands of pounds each child and why it would be a good idea to tax private education which will ultimately result in more children going back to state schools costing us all more money and providing that child a worse education.
I think you've missed the point entirely with the first bit there. The point being made is that private schools declare themselves as charities for the purpose of tax avoidance, worth more than 250 pounds per child per year. They are allowed to do this in return for offering some degree of socially useful activity. What this must constitute is unclear. I might ring up Eton and ask if my fictional Sunday league team can use their rugby pitch in return for tax exemption.
The other relevant point is that apparently parents don't have to pay VAT on school fees. Whether paying this would price them out or not I don't know (I suspect not). But this nonsense argument about easing the burden on the state sector needs to be exposed here.
Firstly, education is an investment, not a cost. The return on investment for a fully funded comprehensive system would produce far better outcomes, a more educated society, more technical skill in general, hence a demand for higher wages, higher taxes, more spending, more investment, ie. a growth economy based on investment. This would be aided by a shrinking private sector toward full inclusion.
Second, you ignore the state contributions to the private sector through teacher training, historic investments in education and labour for school staff, public infrastructure, primary schooling and so on.
Thirdly, if you really want to open the can of worms about who pays for what, let's talk about whether private schools should exist at all. How about let's close them all down, sell off their substantial assets and impose massive tax hikes on the super rich to pay for the influx of all the little Gemimas and Tarquins into our local comps. I don't think the propagandists in the Tory press quite have this in mind.