|
|
Rates and Allowances - Tax Credits/Child Benefit
Rates and thresholds
The rates and thresholds of the tax credits are shown below.
Working Tax Credit - £ per year (unless stated) |
|
|
April 2009 |
| |
£1,800 |
£1,890 |
Couple and lone parent element
|
£1,770 |
£1,860 |
| |
£735 |
£775 |
| |
£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 |
Top
Childcare element of the Working Tax Credit - £ per year (unless
stated) |
|
|
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% |
Top
Child Tax Credit - £ per year (unless stated) |
|
|
April 2009 |
Child Tax Credit Family element
|
£545 |
£545 |
Family element, baby addition
|
£545 |
£545 |
| |
£2,085 |
£2,235 |
| |
£2,540 |
£2,670 |
Severely disabled child element
|
£1,020 |
£1,075 |
Top
Income thresholds and withdrawal rates - £ per year (unless stated)
|
|
|
April 2009 |
| |
£6,420 |
£6,420 |
First withdrawal rate (per cent)
|
39% |
39% |
| |
£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 |
| |
£25,000 |
£25,000 |
Top
Child Benefit - £ per week
|
|
|
Jan 2009 |
| |
£18.80 |
£20.00 |
| |
£12.55 |
£13.20 |
Guardian Allowance - £ per week
|
|
|
April 2009 |
| |
£13.45 |
£14.10 |
Tax Credits do you qualify
Top
Tax data is brought to you by
A and P Business Solutions Ltd
Click
here to subscribe to our free e-zine
|
