Just over half of families with a Tax-Free Childcare account are using it to pay for childcare fees, according to the latest Government figures.
The data from HMRC reveals as of June, 53 per cent of families with Tax-Free childcare (TFC) accounts were using them.
A breakdown of the figures shows for the same month, 391,210 families had a TFC account and were taking up the 30 hours, but just 186,625 were using it. There were 260,350 families with just a TFC account and 204,820 were using it.
Around 1.3 million families are thought to be eligible for TFC, which allows working parents to claim back £2,000 a year on childcare costs. Last year, data from the Treasury revealed a £2.4bn underspend on the scheme.
