Tax Credit

2010/11
£
2009/10
£
Working Tax Credit
Basic element - max.
1,920 1,890
Childcare element
80% of eligible costs up to £175 per week (£300 if two or more children).
Child Tax Credit (CTC)
Child element
per child - max. 2,300 2,235
Family element 545 545
Baby addition 545 545

Reductions in maximum rates
39% of income above £6,420* p.a.

*If only CTC is claimed, the threshold is £16,190 (£16,040) p.a. The family element of CTC is not reduced unless income is more than £50,000 p.a. when it is reduced by £1 for every £15 of additional income.