Tax Credits
|
2009/10
£ |
2008/09
£ |
|
| Working Tax Credit (WTC) |
|
|
| Basic element - max. |
1,890
|
1,800
|
| Childcare element 80% of eligible costs up to £175 per week (£300 if two or more children) |
||
| Child Tax Credit (CTC) |
|
|
| Child element per child - max. |
2,235
|
2,085
|
| Family element |
545
|
545
|
| Baby addition |
545
|
545
|
Reductions in maximum rates 39% of income above £6,420*.
*If only CTC is claimed, the threshold is £16,040 (£15,575) p.a.. The family element of CTC is not reduced unless income is more than £50,000 p.a. when it is reduced by £1 for every £15 of additional income.
