Rates and thresholds

The rates and thresholds of the tax credits are shown below.

Working Tax Credit - £ per year (unless stated)
Rates and Thresholds
April 2008 April 2009
Basic element
£1,800 £1,890
Couple and lone parent element
£1,770 £1,860
30 hour element
£735 £775
Disabled worker element
£2,405 £2,530
Severe disability element
£1,020 £1,075
50+ Return to work payment (16-29 hours)
£1,235 £1,300
50+ Return to work payment (30+ hours)
£1,840 £1,935

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Childcare element of the Working Tax Credit - £ per year (unless stated)
Rates and Thresholds
April 2008
April 2009
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 Family element
£545 £545
Family element, baby addition
£545 £545
Child element
£2,085 £2,235
Disabled child element
£2,540 £2,670
Severely disabled child element
£1,020 £1,075

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Income thresholds and withdrawal rates - £ per year (unless stated)
Rates and Thresholds
April 2008 April 2009
First income threshold
£6,420 £6,420
First withdrawal rate (per cent)
39% 39%
Second income threshold
£50,000 £50,000
Second withdrawal rate (per cent)
6.67% 6.67%
First threshold for those entitled to Child Tax Credit only
£15,575 £16,040
Income disregard
£25,000 £25,000

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Child Benefit - £ per week
Rates
April 2008 January 2009
Eldest/Only Child
£18.80 £20.00
Other Children
£12.55 £13.20
Eldest/Only Child (Lone Parent Rate)
£17.55 £17.55
     
  April 2008 April 2009

Guardians Allowance

£13.45 £14.10

Best discount on ISAs, Unit Trusts and OEICs