Thanks for your response, but unfortunately I am separated from the mother so planning her educational future right now is not possible as I do not know the mothers views on this, secondly I am based in the UK, the link you sent me seems to focus on America. I am after something that will secure her financially in the future in terms of lump sum of cash when she turns 18. I have had a look at Junior ISA's but was wandering if there is anything better on the market, thanks
Thank you but the CTF has now expired and the government is no longer providing funds. The SIPPs sounds good but I wouldn't want to spoon feed my child all her life, I want her to have some independence, if she decides to re-inivest the lump sum when she turns 18 that is her choice. However i have looked at Junior ISA's and my only concern is investing all that money over the years just to be told the investment was bad and my child ends up with less than what was invested and far worst nothing. Is there anything more secure or guaranteed, do you have any companies in mind?