Tax credits, Child Benefit and Guardian's Allowance

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Working Tax Credit rates

The maximum Working Tax Credit rates are shown below.

Working Tax Credit - £ per year
Rates	April 2012	April 2013
Basic element	£1,920	£1,920
Couple and lone parent element	£1,950	£1,970
30 hour element	£790	£790
Disabled worker element	£2,790	£2,855
Severe disability element	£1,190	£1,220

The maximum childcare costs you can claim for, and percentage you can get help with are shown below.

Childcare element of Working Tax Credit
Rates	April 2012	April 2013
Maximum eligible cost for one child	£175 per week	£175 per week
Maximum eligible cost for two or more children	£300 per week	£300 per week
Percentage of eligible costs covered	70%	70%

The maximum Child Tax Credit rates are shown below.

Child Tax Credit - £ per year
Rates	April 2012	April 2013
Child Tax Credit Family element	£545	£545
Child element	£2,690	£2,720
Disabled child element	£2,950	£3,015
Severely disabled child element	£1,190	£1,220

The tax credits income thresholds and withdrawal rates are shown below.

Income thresholds and withdrawal rates - £ per year (unless stated)
Rates and Thresholds	April 2012	April 2013
Income threshold	£6,420	£6,420
Withdrawal rate (per cent)	41%	41%
Threshold for those entitled to Child Tax Credit only	£15,860	£15,910
Income rise disregard	£10,000	£5,000
Income fall disregard	£2,500	£2,500

The Child Benefit rates are shown below.

Child Benefit - £ per week
Rates	April 2012	April 2013
Eldest/Only Child	£20.30	£20.30
Other Children	£13.40	£13.40

The Guardian's Allowance rates are shown below.

Guardian's Allowance - £ per week
Rates	April 2012	April 2013
Guardian's Allowance	£15.55	£15.90