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 2013 April 2014
Basic element £1,920 £1,940
Couple and lone parent element £1,970 £1,990
30 hour element £790 £800
Disabled worker element £2,855 £2,935
Severe disability element £1,220 £1,255

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Childcare element of Working Tax Credit

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 2013 April 2014
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%

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Child Tax Credit rates

The maximum Child Tax Credit rates are shown below.

Child Tax Credit - £ per year
Rates April 2013 April 2014
Child Tax Credit Family element £545 £545
Child element £2,720 £2,750
Disabled child element £3,015 £3,100
Severely disabled child element £1,220 £1,255

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Tax credits income thresholds

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

Income thresholds and withdrawal rates - £ per year (unless stated)
Rates and Thresholds April 2013 April 2014
Income threshold £6,420 £6,420
Withdrawal rate (per cent) 41% 41%
Threshold for those entitled to Child Tax Credit only £15,910 £16,010
Income rise disregard £5,000 £5,000
Income fall disregard £2,500 £2,500

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Child Benefit rates

The Child Benefit rates are shown below.

Child Benefit - £ per week
Rates April 2013 April 2014
Eldest/Only Child £20.30 £20.50
Other Children £13.40 £13.55

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Guardian's Allowance rates

The Guardian's Allowance rates are shown below.

Guardian's Allowance - £ per week
Rates April 2013 April 2014
Guardian's Allowance £15.90 £16.35

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More useful links

Tax credits calculator - find out how much you can get

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