Note: The figures in this table includes the increase of £1,040 in the Working Tax Credit basic element which was announced by the government in response to Covid-19 on 23 March 2020.
Rates of tax credits, income thresholds and withdrawal rates
| April 2019 | April 2020 |
| Tax Credits | |
| Child Tax Credit family element | £545* (only where there is a child born before 6 April 2017) | £545* (only where there is a child born before 6 April 2017) |
| Child element | £2,780 | £2,830 |
| Disabled child element | £3,355 | £3,415 |
| Severely disabled child element | £4,715 | £4,800 |
|
Working Tax Credit basic element | £1,960 | £3,040 |
| Couple/lone parent element | £2,010 | £2,045 |
| 30 hour element | £810 | £825 |
| Disabled worker element | £3,165 | £3,220 |
| Severe disability element | £1,365 | £1,390 |
| Childcare element of Working Tax Credit: maximum eligible cost for one child | £175 per week | £175 per week |
| Maximum eligible childcare cost for two or more children | £300 per week | £300 per week |
| Percentage of eligible childcare costs covered | 70% | 70% |
| Tax credit income thresholds and withdrawal rates | |
| Threshold for maximum Child Tax Credit where neither partner meets conditions for Working Tax Credit | £16,105 | £16,385 |
| Income threshold for families who meet conditions for both tax credits | £6,420 | £6,530 |
| Withdrawal rate (this is the percentage of your income ABOVE the threshold which is taken off your tax credit award) | 41% | 41% |
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