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Tax Credits

Working Tax Credit

 

April 2013

£

Basic element £1,920
Couple and lone parent
£1,970
30 Hour element
£790
Disabled worker element
£2,855
Severe disability element
£1,220

 

Childcare Element of the Working Tax Credit

  April 2013
£
Maximum eligible cost for one child £175 per week
Maximum eligible cost for two or more children £300 per week
Percentage of eligible costs covered 70%

 

Child Tax Credit

  April 2013
£
Child tax credit family element £545
Child element
£2,720
Disabled child element
£3,015
Severely disabled child element
£1,220

 

Income thresholds and withdrawal rates

  April 2013
£
Income threshold £6,420
Withdrawal rate (per cent) 41%
Threshold for those entitled to Child Tax Credit only £15,910
Income rise disregard £5,000
Income fall disregard £2,500

 


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