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International Business Times UK
International Business Times UK
National
Seneca Cabrera

HMRC Gives Parents £2 for Every £8 Paid Into Childcare Account: Who Can Claim £2,000

The HMRC Office is urging parents to avail of the Tax-Free Childcare benefit. (Credit: Mathias Reding/Pexels)

Families across the UK could receive up to £2,000 a year towards childcare costs through a government scheme that adds £2 for every £8 paid into an eligible account.

The Tax-Free Childcare scheme provides a 20 per cent government top-up, with the maximum rising to £4,000 a year for a disabled child. HM Revenue and Customs (HMRC) said families using the scheme save an average of almost £100 a month, while usage among families with children aged eight and over has increased by more than 20 per cent compared with the previous year.

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