Child trust fund - sibling discrepancy

[ReluctantGuineaPig]

If you have DC born before August 2010 where they received £250 then another £250 at 7 into their child trust fund (double if low income, more for children in care) and DC born after the cut off have you made provisions to make it even when the younger siblings who don’t have CTF turn 18?

We plan to give second child the same amount the first born gets.

I’ve been saving for both DC. When I split the savings DC2 will get more from my savings, so they are even.

We had DC either side of the CTF cutoff, but at the start of it (DC1 is too old for a CTF). We opened a low fee allshare tracker fund and put in the same amount as for DC2’s CTF each month. They both ended up with fairly similar funds that they now manage for themselves to save for house deposits.

I have a ISA account that’s invested in tracker funds that’s for general future saving, but I don’t have anything specific in DC names, I’ve seen close hand lump sums getting squandered, uni friend got an inheritance from her grandparent which was a significant sum back in the day, it didn’t last past graduation.

The younger DC is a total spendthrift, a few years left to try to educate them but it’s a real battle against their nature! I’m therefore reluctant to give them an equivalent wodge at 18 - of my hard saved cash.

We used the child trust fund to save for university costs. It mad sense to do the same for all of them.

My eldest missed the cut off point by a few weeks, so instead I set up saving bonds for both my kids so its fair.

Two of mine got the CTF and I paid into monthly until the age of 18. The younger one still isn't 18 but his is about £5k higher than his older siblings. I have no plans to even this out, there has been no talk of how much the others are worth even. DS1 as the first grandchild received about £10k from my parents at 18, which he blew on rubbish. I had initially been.planning to match him with his siblings CTF amount, however not inclined to do so now.