Tax Credits
| |
2010/11
£ |
2009/10
£ |
| Working Tax Credit |
|
|
| Basic element - max. |
1,920 |
1,890 |
Childcare element
80% of eligible costs up to £175 per week (£300 if two or more children). |
| Child Tax Credit (CTC) |
|
|
| Child element per child - max. |
2,300 |
2,235 |
| Family element |
545 |
545 |
| Baby addition |
545 |
545 |
Reductions in maximum rates
39% of income above £6,420* p.a.
*If only CTC is claimed, the threshold is £16,190 (£16,040) p.a. The family element of CTC is not reduced unless income is more than £50,000 p.a. when it is reduced by £1 for every £15 of additional income. |
|
