Payment of Fees
You may pay fees in number of ways:
- Direct debit (termly or monthly)
- Childcare vouchers issued by your employer
- Lump sums covering not less than two years at a time
We collect fees for all pupils by direct debit on the first day that the banks are open in September, January and May.
As an alternative to paying your termly bill in full at the start of each term, you may pay us via a monthly direct debit on the first of each month throughout the year. Details are available from the Fees Administrator on request and the form is at the bottom of this page. If you are a UK taxpayer and your child is under 16, you may use childcare vouchers (that you arrange through your employer) to pay for Kim Club, boarding fees and (in some cases) holiday sports clubs.
If you delay settling your account, we will charge interest on all fees bills not paid by the due date.
Should our direct debit request be returned by your bank unpaid, we will make an additional charge of £50 to cover our administration charges. The balance of your account will be due immediately.
If you envisage problems in settling your account, please contact the Deputy Bursar, Mr Stephen Oliver, on 01480 862221. We prefer to hear early on about any difficulties rather than receiving surprise rejections of direct debits and will always deal with your case with complete confidentiality.
If you are a UK taxpayer and your child is under 16, you may use childcare vouchers (that you arrange through your employer) to pay for Kim Club, boarding fees and (in some cases) sports clubs.
If your employer chooses to provide you with childcare vouchers as an alternative to part of your salary, you will not have to pay Income Tax or National Insurance contributions on their value (up to an HM Revenue and Customs set limit). You will qualify for childcare vouchers from the birth of your child until the 1st September after your child’s 15th birthday but there are limits to what we can accept them for. For example, they cannot be used to contribute towards tuition fees.
There is more about the childcare voucher scheme on the HM Revenue and Customs website. Please refer to your employer in the first instance to see whether your company participates. You should contact the Deputy Bursar, Mr Stephen Oliver, on 01480 862221 for advice on what you can use your vouchers for at Kimbolton School.
Our Advance Fee Payment Scheme allows bill payers to fund school fees via lump sums covering not less than two years at a time rather than making termly or monthly payments. We believe that it represents a worthwhile saving for a parent, guardian or grandparent as, under present tax regulations, the discount allowed is free of tax.
You should note, however, that there are other ways of meeting the costs of a child’s education so you should seek the advice of your own financial adviser.
You may make payments in advance of a child’s entry, at entry or even when at the School, to help cover your fees.
The Scheme provides for specific guaranteed amounts each term towards the total cost of a named child's education. An illustration can be prepared for you based on a fixed lump sum to help towards fees over a given minimum period of two years. The Scheme is flexible and can be varied to suit individual circumstances.
The discount rate used in the illustrations is fixed for the period covered by the Scheme so that termly sums provided will not be affected by any changes in national interest rates. We cannot, of course, predict what the fees will be in future years and so an annual fee increase of 4% is automatically built into the calculations if applicable; this figure can be changed if you wish.
Please request a quotation or contact Mr Stephen Oliver, the Deputy Bursar, on 01480 862221 if you wish to discuss this scheme.