Tax credits
| Working tax credit |
| |
2010/11 |
2009/10 |
| Basic element |
£1,920 |
£1,890 |
| Couple and lone parent element |
£1,890 |
£1,860 |
| 30 hour element1 |
£790 |
£775 |
| Disabled worker element |
£2,570 |
£2,530 |
| Severe disability element |
£1,095 |
£1,075 |
| Childcare element of working tax credit |
| Maximum eligible cost for one child |
£175 p.w |
£175 p.w |
| Maximum eligible cost for two or more children |
£300 p.w |
£300 p.w |
| Percentage of eligible costs covered |
80% |
80% |
| Child tax credit |
| Child tax credit family element |
£545 |
£545 |
| Family element, baby addition |
£545 |
£545 |
| Child element |
£2,300 |
£2,235 |
| Income thresholds and withdrawal rate |
| First income threshold |
£6,420 |
£6,420 |
| First withdrawal rate |
39% |
39% |
| Second income threshold |
£50,000 |
£50,000 |
| Second withdrawal rate |
6.67% |
6.67% |
| First threshold for those entitled to child tax credit only |
£16,190 |
£16,040 |
| Income disregard |
£25,000 |
£25,000 |
1) This reduces to 16 hours for those 60 and over.
