|
Working Tax Credit (WTC) - £ per year (unless stated)
|
|
2007-08 |
2008-09 |
| |
£1,730 |
£1,800 |
Couple and lone parent element
|
£1,700 |
£1,770 |
| |
£705 |
£735 |
| |
£2,310 |
£2,405 |
Severe disability element
|
£980 |
£1,020 |
50+ Return to work payment (16-29 hours)
|
£1,185 |
£1,235 |
50+ Return to work payment (30+ hours)
|
£1,770 |
£1,840 |
|
Childcare element of the Working Tax Credit - £ per year (unless stated)
|
|
2007-08 |
2008-09 |
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)
|
|
2007-08 |
2008-09 |
Child Tax Credit Family element
|
£545 |
£545 |
Family element, baby addition
|
£545 |
£545 |
| |
£1,845 |
£2,085 |
| |
£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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