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  •  

    Tax Credits

    The only change from the 2015-16 rates is Income Rise Disregard (Tax Credits Income Thresholds)

  • Go to ...
  • working tax credit rates
  • child care element of WTC
  • child tax credit rates
  • tax credits income threshold
  • child benefit
  • guardian allowance
  •  


    Working Tax Credit (WTC) Rates
      2016-17 2015-16
    Basic Element £1,960 £1,960
    Couple and Lone Parent Element £2,010 £2,010
    30 Hour Element £810 £810
    Disabled Worker Element £2,970 £2,970
    Severe Disability Element £1,275 £1,275

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    Childcare Element of Working Tax Credit
      2016-17 2015-16
    Maximum eligible cost for 1 child (per week) £175 £175
    Maximum eligible cost for 2 or more children (per week) £300 £300
    Percentage of eligible costs covered 70% 70%

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    Child Tax Credit Rates
      2016-17 2015-16
    Family Element £545 £545
    Child Element £2,780 £2,780
    Disabled Child Element £3,140 £3,140
    Severely Disabled Child Element £1,275 £1,275

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    Tax Credits Income Thresholds
      2016-17 2015-16
    Income Threshold £6,420 £6,420
    Withdrawal Rate (percentage) 41% 41%
    Threshold for those Entitled to Child Tax Credit Only £16,015 £16,015
    Income Rise Disregard £2,500 £5,000
    Income Fall Disregard £2,500 £2,500

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    Child Benefit
      2016-17 2015-16
    Eldest or Only Child (per week) £20.70 £20.70
    Other Children (per week) £13.70 £13.70

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    Guardian's Allowance
      2016-17 2015-16
    Per week £16.55 £16.55

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    Click Here to download the abacus Tax Tables pdf booklet

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