Planning for private school fees can be daunting. With
average fees per term exceeding five figures and rising about 4–5% each year
(see Atticus Financial Planning), many parents are seeking smart ways to grow
their savings.
One tool gaining attention is the Innovative Finance ISA
(IFISA) - a tax-free investment account that allows you to invest in
peer-to-peer loans and other alternative fixed-income arrangements.
This expanded guide examines how IFISAs compare to
traditional savings options like Cash ISAs and Stocks & Shares ISAs,
explores broader investment strategies for education costs, and analyzes the
risks of IFISAs with tips to manage them.