|Working Tax Credit|
|Basic element - max.||1,920||1,920|
70% of eligible costs up to £175 per week (£300 if two or more children).
|Child Tax Credit (CTC)|
|Child element per child - max.||2,690||2,555|
Reductions in maximum rates
41% of income above £6,420* p.a.
*If only CTC is claimed, the threshold is £15,860 p.a. The family element of CTC tapers immediately after the child element from April 2012. The withdrawal rate is 41%.
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