Tax Credits 2022/23

Working Tax Credit

    2022-23
    £
Basic element   2,070
Couple and lone parent element   2,125
30 hour element   860
Disabled worker element   3,345
Severe disability element   1,445
Childcare element    
Maximum eligible cost for one child   £175 per week
Maximum eligible cost for two or more children   £300 per week
% of eligible costs covered (%)   70

 
Child Tax Credit

      2022-23
      £
Family element     545
Child element     2,935
Disabled child element     3,545
Severely disabled child element     1,430

 
Income thresholds and withdrawal rates

    2022-23
    £
Income threshold   6,770
Withdrawal rate (%)   41
First threshold for those entitled to Child Tax Credit only   17,005
Income rise disregard   2,500
Income fall disregard   2,500