Tax Credits 2017/18

Working Tax Credit

2017-18 2016-17
£ £
Basic element 1960 1960
Couple and lone parent element 2010 2010
30 hour element 810 810
Disabled worker element 3000 2970
Severe disability element 1290 1275
Childcare element
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
% of eligible costs covered (%) 0.7 0.7

 
Child Tax Credit

2017-18 2016-17
£ £
Family element 545 545
Child element 2780 2780
Disabled child element 3175 3140
Severely disabled child element 1290 1275

 
Income thresholds and withdrawal rates

2017-18 2016-17
£ £
Income threshold 6420 6420
Withdrawal rate (%) 41 41
First threshold for those entitled to Child Tax Credit only 16105 16105
Income rise disregard 2500 2500
Income fall disregard 2500 2500