New Times,
New Thinking.

  1. Election 2024
5 December 2022

Top private school fees exceed the UK’s median wage

Nine of the UK’s most prestigious private schools charge parents more than typical earnings of £33,000.

By Aisha Majid

Labour and the Conservatives are at odds over whether private schools should continue to enjoy tax exemptions. The opposition’s proposal to remove the schools’ charitable status and impose VAT on fees has been criticised by the government as anti-aspirational.

Around 1,300 of the UK’s 2,300 private schools have charitable status, which gives them tax advantages that are estimated to amount to between £1.7bn and £3bn a year. The government maintains that independent schools deserve this because they further educational opportunities by sharing resources and expertise with state schools and providing educational bursaries.

Critics argue that private schools do not need tax breaks because they make plenty of money through fees, with several prestigious schools charging parents close to £50,000 a year. The 20 per cent VAT exemption, they argue, gives an unfair tax advantage to some of the country’s wealthiest people. According to the Institute for Fiscal Studies, three quarters of the pupils attending private schools come from families in the three top income deciles, and most of those are from the top decile.

The fees at top private schools can be well in excess of median earnings. Annual fees at nine of the country’s top private schools exceeded the annual median wage, which was £33,000 in 2022. The average annual fee at the 947 day schools included in the Independent School Council’s 2022 annual report was £15,654, around half the median annual wage. The average boarding school fee was £37,032.

[See also: By protecting private schools, Rishi Sunak is chasing voters who don’t exist

Select and enter your email address Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via The New Statesman's quick and essential guide to the news and politics of the day. The best way to sign up for Morning Call is via
  • Administration / Office
  • Arts and Culture
  • Board Member
  • Business / Corporate Services
  • Client / Customer Services
  • Communications
  • Construction, Works, Engineering
  • Education, Curriculum and Teaching
  • Environment, Conservation and NRM
  • Facility / Grounds Management and Maintenance
  • Finance Management
  • Health - Medical and Nursing Management
  • HR, Training and Organisational Development
  • Information and Communications Technology
  • Information Services, Statistics, Records, Archives
  • Infrastructure Management - Transport, Utilities
  • Legal Officers and Practitioners
  • Librarians and Library Management
  • Management
  • Marketing
  • OH&S, Risk Management
  • Operations Management
  • Planning, Policy, Strategy
  • Printing, Design, Publishing, Web
  • Projects, Programs and Advisors
  • Property, Assets and Fleet Management
  • Public Relations and Media
  • Purchasing and Procurement
  • Quality Management
  • Science and Technical Research and Development
  • Security and Law Enforcement
  • Service Delivery
  • Sport and Recreation
  • Travel, Accommodation, Tourism
  • Wellbeing, Community / Social Services
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.

Content from our partners
Peatlands are nature's unsung climate warriors
How the apprenticeship levy helps small businesses to transform their workforce
How to reform the apprenticeship levy

Topics in this article : , ,