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