Private school fees soar to £216,000 amid VAT raid

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Private school fees soar to £216,000 amid VAT raid.

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Families are now facing a bill of more than £216,000 for a complete private day school education.A study by Weatherbys Private Bank found the average cost of sending a child to a private day school from reception through to year 13 has risen to £216,189.The figure is 5.7 per cent higher than last year's total, with independent schools continuing to face rising costs following the Government's decision to remove their VAT exemption.For pupils attending boarding schools, the cumulative cost is considerably higher, reaching £438,444 across 14 academic years after rising by six per cent.

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TRENDING Stories Videos Your Say The total cost for day pupils attending boarding institutions has also increased, reaching £274,061 over the same period.Oliver Barnett, head of private clients at Weatherbys, said schools were facing mounting costs as they attempted to maintain the standards expected by parents.He said: "Providing the high standards parents expect is becoming increasingly expensive thanks...

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