Tax Credits
Working Tax Credit
| Working Tax Credit | 2017-2018 | 2016-2017 | 2015-2016 | 2014-2015 | 2013-2014 |
|---|---|---|---|---|---|
| Basic element (max) | 1960 | 1960 | 1,960 | 1,920 | 1,920 |
70% of eligible childcare costs up to £175 per week (£300 if two or more children)
Child Tax Credit
| Child Tax Credit | 2017-2018 | 2016-2017 | 2015-2016 | 2014-2015 | 2013-2014 |
|---|---|---|---|---|---|
| Child element - (per child max) | 2,780 | 2,780 | 2,780 | 2,750 | 2,720 |
| Family element | 545 | 545 | 545 | 545 | 545 |
Reductions in Maximum Rates
41% of income above £6,420* p.a
If you have any questions or would like further information please call on 01527 68235
