Barrys Accountants Limited Tax Facts » Tax Credit
 

Tax Credit

Annual Amount 2010/11

Child tax credit£
Family element545
Baby addition545
Child element (for each child)2,300
Addition for disabled child2,715
Severe disabled child enhancement1,095

 

Working tax credit£
Basic element1,920
Lone parent and couple element1,890
30 hour element790
Disability element2,570
Severe disability element1,095
50 plus return to work payment
(16 to 29 hours)1,320
(30 or more hours)1,965
Childcare element (up to 80% of costs)Weekly
Maximum eligible cost (1 child)175
Maximum eligible cost (2 or more)300

 

Income thresholds£
First income threshold6,420
Eligible for child tax credit only16,190
First withdrawal rate39%
Second income threshold50,000
Second withdrawal rate6.67%
Income disregard25,000
 
Manager Login Cyber Splat Web Design