HMRC has published the tax credits rates and allowances for the tax year 2022/23:
Child tax credit | |||
Family element | 545 | 545 | |
Child element (for each child) | 2,935 | 2,845 | |
Addition for disabled child | 3,545 | 3,435 | |
Severely disabled child enhancement | 4,975 | 4,825 | |
Working tax credit | |||
Basic element | 2,070 | 2,005 | |
Lone parent and couple element | 2,125 | 2,060 | |
30-hour element | 860 | 830 | |
Disability element | 3,345 | 3,240 | |
Severe disability element | 1,445 | 1,400 | |
Childcare element (up to 70% of costs) | Weekly | Weekly | |
maximum eligible cost (1 child) | 175 | 175 | |
maximum eligible cost (2 or more children) | 300 | 300 | |
Income thresholds | |||
First income threshold | 6,770 | 6,565 | |
eligible for child tax credit only | 17,005 | 16,480 | |
Withdrawal rate | 41% | 41% | |
Income rise disregard | 2,500 | 2,500 | |
Income fall disregard | 2,500 | 2,500 |
HMRC has published the tax credits rates and allowances for the tax year 2022/23:
Child tax credit | |||
Family element | 545 | 545 | |
Child element (for each child) | 2,935 | 2,845 | |
Addition for disabled child | 3,545 | 3,435 | |
Severely disabled child enhancement | 4,975 | 4,825 | |
Working tax credit | |||
Basic element | 2,070 | 2,005 | |
Lone parent and couple element | 2,125 | 2,060 | |
30-hour element | 860 | 830 | |
Disability element | 3,345 | 3,240 | |
Severe disability element | 1,445 | 1,400 | |
Childcare element (up to 70% of costs) | Weekly | Weekly | |
maximum eligible cost (1 child) | 175 | 175 | |
maximum eligible cost (2 or more children) | 300 | 300 | |
Income thresholds | |||
First income threshold | 6,770 | 6,565 | |
eligible for child tax credit only | 17,005 | 16,480 | |
Withdrawal rate | 41% | 41% | |
Income rise disregard | 2,500 | 2,500 | |
Income fall disregard | 2,500 | 2,500 |