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Tax Credits


Working Tax Credit (WTC) - £ per year (unless stated)

Rates and Thresholds

2010-11

2009-10

Basic element

£1,920

£1,890

Couple and lone parent element

£1,890

£1,860

30 hour element

£790

£775

Disabled worker element

£2,570

£2,530

Severe disability element

£1,095

£1,075

50+ Return to work payment (16-29 hours)

£1,320

£1,300

50+ Return to work payment (30+ hours)

£1,965

£1,935


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

Rates and Thresholds

2010-11

2009-10

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%


Child Tax Credit (CTC) - £ per year (unless stated)

Rates and Thresholds

2010-11

2009-10

Child Tax Credit Family element

£545

£545

Family element, baby addition

£545

£545

Child element

£1,845

£2,085

Disabled child element

£2,440

£2,540

Severely disabled child element

£980

£1,020


Reductions in maximum rates 39% (37%) of income above £6,420* (£5,220*) p.a.

*If only CTC is claimed, the threshold is £15,575 p.a. (£14,495). 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.

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