Early-retirement wannabe

jamesd

Deleted_User wrote: »

What is P2P? Peer to peer lending? And VCT? Is that Venture Capital?

Peer to peer lending and Venture Capital Trusts.

P2P for equity-like returns from fixed interest. VCTs that I have are mostly asset-backed and my biggest holding (5.5%) has a tax exempt dividend yield of 10% of the after tax relief purchase cost.

[Deleted User]

jamesd wrote: »

Peer to peer lending and Venture Capital Trusts.

P2P for equity-like returns from fixed interest. VCTs that I have are mostly asset-backed and my biggest holding (5.5%) has a tax exempt dividend yield of 10% of the after tax relief purchase cost.

You are a braver man than me. I wouldn’t say you are low on equity.

stoozie1

Just delurking to ask those who have recently supported children through University; what approximate annual contribution you've made per child?

I think this is the singlemost factor likely to affect our retirement dates, so any idea how much to allow would be very helpful.

k6chris

Hey, happy birthday, this thread is 9 years old today!!!

:beer:

michaels

stoozie1 wrote: »

Just delurking to ask those who have recently supported children through University; what approximate annual contribution you've made per child?

I think this is the singlemost factor likely to affect our retirement dates, so any idea how much to allow would be very helpful.

I'm aiming to be retired and living off savings when my kids are at uni so my assessed income is nil and they qualify for full maintenance loan and any bursaries going...

MallyGirl

stoozie1 wrote: »

Just delurking to ask those who have recently supported children through University; what approximate annual contribution you've made per child?

I think this is the singlemost factor likely to affect our retirement dates, so any idea how much to allow would be very helpful.

DD is currently waiting to see if she gets any invitations to interviews so we aren't there yet. She will get the minimum maintenance loan so around £4500. Our starting point will be to make that up to the full loan at a cost of £1500 per term. If she ends up in London the figures are higher and the full maintenance loan would leave almost nothing after the uni accommodation costs, so we will have to help further.
We will probably be better off as we will no longer be paying for music lessons & ensemble fees or Stagecoach.

Ruthy1604

stoozie1 wrote: »

Just delurking to ask those who have recently supported children through University; what approximate annual contribution you've made per child?

I think this is the singlemost factor likely to affect our retirement dates, so any idea how much to allow would be very helpful.

We have 'made up' their maintenance grant to the full amount they would have received if we were on a low income. Its around £5K per year parental contribution.

cfw1994

Ruthy1604 wrote: »

We have 'made up' their maintenance grant to the full amount they would have received if we were on a low income. Its around £5K per year parental contribution.

Similar here.
Actually a bit more: we paid accommodation costs throughout.
Don’t forget all the bits of volunteering to pay for train/bus trips home!!

DairyQueen

stoozie1 wrote: »

Just delurking to ask those who have recently supported children through University; what approximate annual contribution you've made per child?

I think this is the singlemost factor likely to affect our retirement dates, so any idea how much to allow would be very helpful.

We contributed £500p.m. for each child with a caveat that they both worked during holidays. Both also took max student loans. Older Stepd also undertook 2 years postgrad and we paid for tuition in addition so almost £15k p.a.total.

Total contribution toward younger stepd's 3 year degree = £18k
Total contribution toward eldest = £24k (4 year undergrad) plus £30k postgrad = £54k.

We have since helped youngest with house deposit to even things up.

So best part of £100k to get both off to a good start.

The investment paid-off as neither have boomeranged back (yet). Both have good careers and independent lives. Youngest graduated 5 years ago and will marry at the end of this year.

Job done (phew).

MallyGirl

DD's intended course is either 5 or 6 years. It requires an additional 38 weeks of extra-mural studies to be completed in the holidays during the course so working is going to be a challenge. Hopefully she will manage to do some.
Full maintenance loan for London is £11,672 for 19/20 but one of the halls is £8,376 self catering (only has spaces for 83 and the course takes 250) and the other is £10,403 also self catering. Since I'd like her to eat healthily, have a bit of a social life and come home every now and then I can see that the parental top up may need to be more than just making up to max. London is 3rd choice so it may not come to that.