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Tax credits
| 2019/20 | 2018/19 | |
|---|---|---|
| Basic element | £1,960 | £1,960 |
| Couple and lone parent element | £2,010 | £2,010 |
| 30 hour element1 | £810 | £810 |
| Disabled worker element | £3,165 | £3,090 |
| Severe disability element | £1,365 | £1,330 |
| Maximum eligible cost for one child | £175 p.w. | £175 p.w. |
| Maximum eligible cost for two or more children | £300 p.w. | £300 p.w. |
| Percentage of eligible costs covered | 70% | 70% |
| Child tax credit family element | £545 | £545 |
| Child element | £2,780 | £2,780 |
| Income threshold | £6,420 | £6,420 |
| Withdrawal rate | 41% | 41% |
| First threshold for those entitled to child tax credit only | £16,105 | £16,105 |
| Income rise disregard | £2,500 | £2,500 |
| Income fall disregard | £2,500 |
£2,500 |
Limit child element in tax credits and Universal Credit
The Child Element of tax credits and Universal Credit is no longer awarded for third and subsequent children born after 6 April 2017. Multiple births and other exceptional circumstances will be protected from the two children limit.
