Working & Child Tax Credits 2011

The June Budget 2010 announced the rates and thresholds for tax credits for 2011-12.  The remaining amounts were confirmed in December 2010.  These are set out below.  No further changes to tax credits for 2011-12 have been announced in the Budget 2011.
 
Working and Child Tax Credits - per year unless stated
Working Tax Credit                                                    April 2010                April 2011
Basic element                                                      £1,920                   £1,920
Couple and lone parent element                              £1,890                   £1,950
30 hour element                                                     £790                      £790
Disabled worker element                                        £2,570                   £2,650
Severe disability element                                       £1,095                   £1,130
50+ Return to work payment (16-29 hours)               £1,320                   £1,365
50+ Return to work payment (30+ hours)                  £1,965                   £2,030
 
Childcare element of the Working Tax Credit
Maximum eligible cost for one child                     £175 per week        £175 per week
Maximum eligible cost for two or more children     £300 per week        £300 per week
Percentage of eligible costs covered                          80%                      70%
Child Tax Credit
Family element                                                     £2,300                   £2,555
Child element                                                       £2,715                   £2,800
Disabled child element                                           £1,095                   £1,130
 
Child Benefit - per week                                            April 2010                April 2011
Eldest/only child                                                   £20.30                   £20.30
Other children                                                      £13.40                   £13.40
 
Guardians Allowance - per week
Guardians Allowance                                             £14.30                   £14.75 
 

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