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    •  

    Tax Credits

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

    •  

    Working Tax Credit (WTC) Rates
      2019-20 2018-19
    Basic Element £1,960 £1,960
    Couple and Lone Parent Element £2,010 £2,010
    30 Hour Element £810 £810
    Disabled Worker Element £3,165 £3,090
    Severe Disability Element £1,365 £1,330

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    Childcare Element of Working Tax Credit
      2019-20 2018-19
    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
      2019-20 2018-19
    Family Element £545 £545
    Child Element £2,780 £2,780
    Disabled Child Element £3,355 £3,275
    Severely Disabled Child Element £4,715 £4,600

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    Tax Credits Income Thresholds
      2019-20 2018-19
    Income Threshold £6,420 £6,420
    Withdrawal Rate (percentage) 41% 41%
    Threshold for those Entitled to Child Tax Credit Only £16,105 £16,105
    Income Rise Disregard £2,500 £2,500
    Income Fall Disregard £2,500 £2,500

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    Click Here to download the current tax year's abacus Tax Tables pdf booklet

    Click Here to download the previous tax year's abacus Tax Tables pdf booklet

     

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