Parents missing out on £2,000 savings boost due to 'complex' tax-free childcare rules

Parents missing out on £2,000 savings boost due to 'complex' tax-free childcare rules

Tax-free childcare remains significantly underused despite offering families savings of up to £2,000 per child each year, according to new figures.Financial specialists describe the scheme as "vastly under-claimed" and say it is "notoriously misunderstood and needlessly complex".The latest quarterly data reveals large swings in how many families accessed the support this summer.At its peak in July 2025, around 567,000 families claimed tax-free c…