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Tax Credit |
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Annual Amount 2011/12 | Child tax credit | £ | | Family element | 545 | | Child element (for each child) | 2,555 | | Addition for disabled child | 2,800 | | Severe disabled child enhancement | 1,130 |
| Working tax credit | £ | | Basic element | 1,920 | | Lone parent and couple element | 1,950 | | 30 hour element | 790 | | Disability element | 2,650 | | Severe disability element | 1,130 | | 50 plus return to work payment |
| | (16 to 29 hours) | 1,365 | | (30 or more hours) | 2,030 | | Childcare element (up to 70% of costs) | Weekly | | Maximum eligible cost (1 child) | 175 | | Maximum eligible cost (2 or more) | 300 |
| Income thresholds | £ | | First income threshold | 6,420 | | Eligible for child tax credit only | 15,860 | | First withdrawal rate | 41% | | Second income threshold | 40,000 | | Second withdrawal rate | 41% | | Income disregard | 10,000 |
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