Working Families' Tax Credit and Disabled Person's Tax Credit

           
TA.3 - Credit Rates and Threshold, 1999-2000 to 2002-03  (1)          
       
1999-2000
2000-01
2001-2002
2002-03
Basic tax credit
          
WFTC  £ per week
52.30
53.15
59.00 (8)
62.50 (10)
DPTC - lone parent or couple £ per week
83.55
84.90
91.25 (8)
95.30 (10)
DPTC - single person £ per week
54.30
55.15
61.05 (8)
62.10
   
30-hour credit     £ per week
11.05
11.25
11.45
11.65
   
Child credits      
Under 11 £ per week
19.85
25.60 (7)
26.00
26.45
11-16 (2) £ per week
20.90
25.60 (7)
26.00
26.45
16-18 (2) £ per week
25.95
26.35
26.75
27.20
   
Disabled child credit (3) £ per week
21.90
22.25
30.00
35.50
   
Enhanced disability tax credit   
Lone parent or couple £ per week
-
-
16.00
16.25
Single person (DPTC) £ per week
-
-
11.05
11.25
Child (4) £ per week
-
-
41.05
46.75
   
Childcare tax credit      
Maximum eligible childcare costs - 1 child (5) £ per week
100.00
100.00
135.00 (9)
135.00
Maximum eligible childcare costs - 2+ children (5) £ per week
150.00
150.00
200.00 (9)
200.00
Percentage of allowed childcare costs in credit  
70%
70%
70%
70%
   
Savings  
Amount disregarded £
3,000
3,000
3,000
3,000
£1 per week income assumed per additional: £
250
250
250
250
Upper limit (WFTC) £
8,000
8,000
8,000
8,000
Upper limit (DPTC) £
16,000
16,000
16,000
16,000
   
Reduction of award through income (6)  
Income threshold - lone parent or couple £ per week
90.00
91.45
92.90
94.50
Income threshold - single person (DPTC) £ per week
70.00
71.10
72.25
73.50
Income taper rate  
55%
55%
55%
55%
Minimum award £ per week
0.50
0.50
0.50
0.50

Footnotes

  1. The rates apply to awards starting from the first Tuesday after 5 April in each year, unless otherwise stated. 
  2. These rates apply to awards starting from the September following the child's relevant birthday.
  3. Payable in addition to the child tax credit. For WFTC, available only in awards starting from October 2000.
  4.  Payable instead of the disabled child tax credit.
  5. Number of children for whom eligible childcare costs are incurred.
  6. Income is net of tax, national insurance contributions and half of pension contributions, and excludes Child benefit, Housing benefit, Council tax benefit, maintenance and investment income. The award is reduced by the excess of income over the threshold, muliplied by the income taper rate.
  7. For awards starting from 6 June 2000. £21.25 for awards starting during April and May 2000.
  8. For awards starting from 5 June 2001. £5.00 lower for awards starting during April and May 2001.
  9. For awards starting from 5 June 2001. The 2000-01 level for awards starting during April and May 2001.
  10. For awards starting from 4 June 2002. £2.50 lower for awards starting during April and May 2002.
 
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