Tax Credits
 

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.

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