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Tax Credits

Working Tax Credit


April 2013


Basic element £1,920
Couple and lone parent
30 Hour element
Disabled worker element
Severe disability element


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
Disabled child element
Severely disabled child element


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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