Saving for University costs - best options?

[ReceptionMum]

Hi, would very much appreciate if you could share your knowledge/experience in this subject.

We want to start saving for education for our 2 children, they are 4yo and 2yo so this is a long term saving/investing plan . What would be our best option ? With grandparents' generous contribution we may be able to invest up to 20k.

Many thanks

[Lonecatwithkitten]

You need good advice as if not carefully planned you could end having to pay tax on the interest of the savings.

[Rattusn]

The obvious options are child trust funds/child isas, as they are tax free.