Tax Credits

Working tax credit
2010/11 2009/10
Basic element £1,920 £1,890
Couple and lone parent element £1,890 £1,860
30 hour element1 £790 £775
Disabled worker element £2,570 £2,530
Severe disability element £1,095 £1,075
Childcare element of working tax credit
Maximum eligible cost for one child £175 p.w £175 p.w
Maximum eligible cost for two or more children £300 p.w £300 p.w
Percentage of eligible costs covered 80% 80%
Child tax credit
Child tax credit family element £545 £545
Family element, baby addition £545 £545
Child element £2,300 £2,235
Income thresholds and withdrawal rate
First income threshold £6,420 £6,420
First withdrawal rate 39% 39%
Second income threshold £50,000 £50,000
Second withdrawal rate 6.67% 6.67%
First threshold for those entitled to child tax credit only £16,190 £16,040
Income disregard £25,000 £25,000

1) This reduces to 16 hours for those 60 and over.