According to recent research, the average cost of putting a child through private education, for the full 14 years, is £286,000.

Annually, the cost of sending a child to private school currently stands at £13,194 and boarding fees costs around £30,369 on average.

Wealth management providers, Killik and Co – who commissioned the research – also found that private education costs an average of £286,000 for a day place and £468,000 for those boarding. Both percentages represent the cost of putting a child through education from primary school, right through to A-levels.

London is the most expensive place to send a child to private school in the United Kingdom, with the average day school place costing £15,000 per annum.

In comparison, the North England and Scotland were the least expensive regions of the UK for private education, costing £10,400 and £10,700 per year, respectively.

The survey of 250 parents of children in private education found that 37.2 per cent believed private education to be “investment priority”.

34 per cent of the respondents said that small class sizes were the main factor that they’d considered when choosing to send their child/children to private school.

The reason behind 24.8 per cent of parents’ decisions to send their children to private school was the connections the children may make, although, 18 per cent said that they sent their children because either they had previously been educated at a private school, or a family member had.