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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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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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