| 2015/16 £ | 2014/15 £ |
|
|---|---|---|
| Working Tax Credit Basic element – max. |
1,960 | 1,940 |
|
Childcare element 70% of eligible costs up to £175 per week (£300 if two or more children). |
||
| Child Tax Credit (CTC) Child element |
||
| per child – max. | 2,780 | 2,750 |
| Family element | 545 | 545 |
Reductions in maximum rates
41% of income above £6,420* p.a.
*If only CTC is claimed, the threshold is £16,105 (£16,010) p.a.
Disclaimer
This publication is published for the information of clients. It provides only an overview of the regulations in force at the date of publication and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this publication can be accepted by the authors or the firm.