Rates and Allowances - Tax Credits/Child Benefit

Rates and thresholds

The rates and thresholds of the tax credits are shown below.

Working Tax Credit - £ per year (unless stated)

Rates and Thresholds	April 2009	April 2010
Basic element	£1,890	£1,920
Couple and lone parent element	£1,860	£1,890
30 hour element	£775	£790
Disabled worker element	£2,530	£2,570
Severe disability element	£1,075	£1,095
50+ Return to work payment (16-29 hours)	£1,300	£1,320
50+ Return to work payment (30+ hours)	£1,935	£1,965

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Childcare element of the Working Tax Credit - £ per year (unless stated)

Rates and Thresholds	April 2009	April 2010
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	80%	80%

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Child Tax Credit - £ per year (unless stated)

Rates and Thresholds	April 2009	April 2010
Child Tax Credit Family element	£545	£545
Family element, baby addition	£545	£545
Child element	£2,235	£2,300
Disabled child element	£2,670	£2,715
Severely disabled child element	£1,075	£1,095

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Income thresholds and withdrawal rates - £ per year (unless stated)

Rates and Thresholds	April 2009	April 2010
First income threshold	£6,420	£6,420
First withdrawal rate (per cent)	39%	39%
Second income threshold	£50,000	£50,000
Second withdrawal rate (per cent)	6.67%	6.67%
First threshold for those entitled to Child Tax Credit only	£16,040	£16,190
Income disregard	£25,000	£25,000

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Child Benefit - £ per week

Rates	Jan 2009	April 2010
Eldest/Only Child	£20.00	£20.30
Other Children	£13.20	£13.40

Guardian Allowance - £ per week

Rates	April 2009	April 2010
Guardian’s Allowance	£14.10	£14.30

 

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