Working Tax Credit (WTC) – £ per year (unless stated) (1)
| Rates and Thresholds |
2014-15 |
2015-16 |
| Adult element |
1,940 |
1,960 |
| Couple and lone parent element |
1,990 |
2,010 |
| 30 hour element |
800 |
810 |
| Disabled worker element |
2,855 |
2,935 |
| Severe disability element |
1,255 |
1,275 |
| Childcare element* |
|
|
| – maximum eligible cost 1 child |
175 per week |
122.50 per week |
| – maximum eligible cost 2 or more children |
300 per week |
210 per week |
Child Tax Credit (CTC) – £ per year (unless stated) (2)
| Rates and Thresholds |
2014-15 |
2015-16 |
| Child element – per child |
2,750 |
2,780 |
| Family element |
545 |
545 |
| Reduction where joint income of the family unit exceeds: |
|
|
| Up to £6,420 |
No reduction |
| Above £6,420 |
Withdrawn at 41% of excess applied to (a) then (b) then (c) |
First threshold to those entitled to child tax credit only: |
£16,010 |
£16,105 |
| Income rise disregard |
£5,000 |
£5,000 |
| Income fall disregard |
£2,500 |
£2,500 |
(1) Couples with children are required to work at least 24 hours weekly. Hours can be added together but one partner must be working at least 16 hours weekly to qualify for Working Tax Credit.
People without children or a disability can qualify if they are aged 25 to 59 and work at least 30 hours weekly.
(2) One or more children under 16 or in defined further education.
Paid direct to main carer.
* Limited to 70% of eligible costs.
Child Benefit
|
2014-15 |
2015-16 |
|
£ a week |
£ a week |
| First child rate |
20.50 |
20.70 |
| Rate for additional children |
13.55 |
13.70 |
Guardian’s Allowance
|
2013-14 |
2014-15 |
|
£ a week |
£ a week |
|
16.35 |
16.55 |
