Your childs future depends on the Best Junior ISA available. CTF’s (child trust funds) have been phased out with a Junior ISA (Individual Savings Account), which is a tax free alternative with similar restrictions as a CTF. A Junior ISA locks in funds until the child reaches adulthood, then all returns are to be tax free. An ISA is considered to be a way for families to have a simple way to invest or begin investing in their childrens futures. Though there will be no government contributions like a CTF.
Starting a childs Junior ISA while the child is young can build a respectable amount for your child by the time they reach adulthood, which is considered to be 18 years of age. In a Junior ISA there are two options of investments that is available, savings with a set interest rate or by going with shares. Savings has a gauranteed amount in which you can expect your child to get or you can invest in shares and possibly earn more than what you expected for your child.
In order to provide your child the best Junior ISA you can, is to start saving now, for the future they can have.