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Saving for University costs - best options?

(3 Posts)
ReceptionMum Wed 24-Aug-16 09:57:32

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 Wed 24-Aug-16 10:25:12

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

Rattusn Wed 24-Aug-16 19:01:14

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

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