Tax credits

Tax credits - 18 December 2008

	2009/10	2008/09
Working tax credit
Basic element	£1,890	£1,800
Couple and lone parent element	£1,860	£1,770
30 hour element	£775	£735
Disabled worker element	£2,530	£2,405
Severe disability element	£1,075	£1,020
Childcare element of working tax credit
Maximum eligible cost for one child	£175 p.w	£175 p.w
Maximum eligible cost for two or more children	£300 p.w	£300 p.w
Percentage of eligible costs covered	80%	80%
Child tax credit
Child tax credit family element	£545	£545
Family element, baby addition	£545	£545
Child element	£2,235	£2,085
Income thresholds and withdrawal rate
First income threshold	£6,420	£6,420
First withdrawal rate	39%	39%
Second income threshold	£50,000	£50,000
Second withdrawal rate	6.67%	6.67%
First threshold for those entitled to child tax credit only	£16,040	£15,575
Income disregard	£25,000	£25,000