Tax Credits
Working and Child Tax Credits Rates and Thresholds
| Working Tax Credit | 2017-18
£ per year |
2016-17
£ per year |
Change |
| Basic Element | 1,960 | 1,960 | 0 |
| Couple and Lone Parent Element | 2,010 | 2,010 | 0 |
| 30 hour element | 810 | 810 | 0 |
| Disabled worker element | 2,970 | 2,970 | 0 |
| Severe disability element | 1,275 | 1,275 | 0 |
| Childcare Element | 2017-18
£ per year |
2016-17
£ per year |
Change |
| Maximum eligible costfor one child | £175 per week | £175 per week | 0 |
| Maximum eligible cost for two or more children | £300 per week | £300 per week | 0 |
| percent of eligible costs covered | 70% | 70% | 0 |
| Child Tax Credit | 2017-18
£ per year |
2016-17
£ per year |
Change |
| Family element | 545 | 545 | 0 |
| Child element | 2,780 | 2,780 | 0 |
| Disabled child element | 3,175 | 3,140 | 35 |
| Severely disabled child | 1,290 | 1,275 | 15 |
| Income thresholds | 2017-18
£ per year |
2016-17
£ per year |
Change |
| First income threshold | 6,420 | 6,420 | 0 |
| First withdrawal rate (percent) | 41% | 41% | 0 |
| First threshold for those entitles to Child Tax Credit only | 16,105 | 16,105 | 0 |
| Income disregard | 2,500 | 2,500 | 0 |
As announced in Budget 2010, the baby element of the Child Tax Credit will be removed from April 2011