Rates & Allowances
Working Tax Credit
Basic element - max
70% of eligible costs up to £175 per week (£300 if two or more children)
Child Tax Credit (CTC)
per child - max
Reductions in maximum rates
41% of income above £6420* p.a.
* If only CTC is claimed, the threshold is £15,910 (£15,860) p.a. The family element of CTC tapers immediately after the child element from April 2012. The withdrawal rate is 41%.