Tax credits
Rates shown are on a weekly basis unless specified otherwise.
| Working tax credit (yearly amount) | £ |
|---|---|
| Threshold | 6,420 |
| Elements | |
| Basic | 1,890 |
| 30 hour | 775 |
| Couples and lone parent | 1,860 |
| Disability | 2,530 |
| Severe disability | 1,075 |
| Age 50 plus return to work (16-29 hours) | 1,300 |
| Age 50 plus return to work (30 hours or more) | 1,935 |
| Childcare | |
| 80% of weekly cost for 1 child up to costs of | 175 per week |
| 80% of weekly cost for 2/more children up to costs | 300 per week |
| Child tax credit (yearly amounts) | |
| Threshold (entitled to child tax credit but not working tax credit) | 16,040 |
| Second threshold | 50,000 |
| Elements | |
| Family | 545 |
| Baby under 1 | 545 |
| Child (per child) | 2,235 |
| Disabled child | 2,670 |
| Severely disabled child | 1,075 |
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