Money Moral Dilemma: Should my eldest child split their Child Trust Fund savings with my youngest?

Matilda542

I can't believe that you didn't open something for the third child so they all get roughly the same a few years later

SunbeamSunshine

Your youngests savings is your responsibility! You have not topped up any of these accounts or set up an acccount for the youngest that's not your child's problem.

cwc1899

No! It is not your money. The onus was on you to keep paying into this scheme and top it up regularly And think about starting a new one for your youngest child when they Were born.
You wouldn’t take money from the child who saves and give it to the child who spends, nor would you take any money from their wages just to give to your youngest child it doesn’t make sense. 

It’s now up to you…

KGB73

On the surface I completely agree with all the comments above, this was the deal at the time (whether you agree with this or not) however I do understand that no everyone is able top subsidise those who didnt receive the government savings incentive, I know i may have struggled as a single parent had i been in this predicament. If you can subsidise the other siblings then this is fair and reasonable but if you cannot right now then this maybe something you can address later on?  Unfortunately I can see how this would cause some animosity! both my children didnt get anything so your youngest is not alone (1995/2001)

surfbunnyuk

You treat them all the same but it’s not up to your other children to do it , my elder two received £3000 from their dad when they hit 18, the youngest (different dad) was the only one who received a child trust fund, so I topped it monthly so she ended up with exactly the same on her 18th

silvercar

If you start thinking like this you will never stop. My younger child had higher university tuition fees, so should I repay some of their student loan? One needed more driving lessons, who should pay?

You need to support your kids as they need rather than expecting them to support each other.

CapeTown

Good lord what is the matter with you. For heavens sake dig into your own pocket and give the youngest some cash. Your eldest should not be made to lose money. It is such a trifling amount in the big scheme of things and I can't believe you even brought it up. Such ideas are bound to be divisive

mike41

It's their money. Only my youngest got this. I had already paid into private savings for my eldest two. I make sure no one loses. So you can consider topping up the second and ensuring the third has similar. Get them all into a Child ISA and then asap into a LISA. Mine now all have a LISA.

[Deleted User]

It isn't your money, why are you behaving as though you have any say in what happens to it?  Back off.  

Cambsmum

If you think they should receive the same then top iI up yourself!