| A | A | A |
Rates of tax credits, income thresholds and withdrawal rates
|
|
April 2011 |
April 2012 |
|
Tax Credits |
|
|
|
Child Tax Credit family element |
£545 |
£545 |
|
Family element, baby addition |
Withdrawn |
Withdrawn |
|
Child element |
£2,555 |
£2,690 |
|
Disabled child element |
£2,800 |
£2,950 |
|
Severely disabled child element |
£1,130 |
£1,190 |
|
Working Tax Credit basic element |
£1,920 |
£1,920 |
|
Couple/lone parent element |
£1,950 |
£1,950 |
|
30 hour element |
£790 |
£790 |
|
Disabled worker element |
£2,650 |
£2,790 |
|
Severe disability element |
£1,130 |
£1,190 |
|
50+ return to work element (16-29 hours) |
£1,365 |
Withdrawn |
|
50+ return to work element (30+ hours) |
£2,030 |
Withdrawn |
|
Childcare element of Working Tax Credit: maximum eligible cost for one child |
£175 per week |
£175 per week |
|
Maximum eligible childcare cost for two or more children |
£300 per week |
£300 per week |
|
Percentage of eligible childcare costs covered |
70% |
70% |
|
Tax credit income thresholds and withdrawal rates |
|
|
|
Threshold for maximum Child Tax Credit where neither partner meets conditions for Working Tax Credit |
£15,860 |
£15,860 |
|
Income threshold for families who meet conditions for both tax credits |
£6,420 |
£6,420 |
|
First withdrawal rate |
41% |
41% |
|
Second income threshold |
£40,000 |
Withdrawn |
|
Withdrawal rate for families whose income is too high to get the family element in full |
41% |
Withdrawn |
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