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Tax Credits

	2010/11 £	2009/10 £
Working Tax Credit Basic element - max	1,920	1,890
Childcare element 80% of eligible costs up to £175 per week (£300 if two or more children)
Child Tax Credit (CTC) Child element
per child - max	2,300	2,235
Family element	545	545
Baby addition	545	545

Reductions in maximum rates

39% of income above £6,420* p.a.

*If only CTC is claimed, the threshold is £16,190 (£16,040) p.a. The family element of CTC is not reduced unless income is more than £50,000 p.a. when it is reduced by £1 for every £15 of additional income.