Tax credit rates and thresholds

Produced by a Tolley Personal Tax expert

Personal Tax

Guidance

This guidance note set out the amounts of the various elements and thresholds of working tax credit and child tax credit. Note that tax credits cease on 5 April 2025 and no more payments will be made after that date. Any existing claimants will be migrated to the universal credit system. See the Universal credit guidance note.

The 2024/25 rates of tax credits and relevant thresholds for computing an award are shown below.

Working tax credits

		£ per annum	£ per day
Basic element		2,435	6.67
Second adult element		2,500	6.85
Disabled worker element		3,935	10.78
Severe disability element		1,705	4.67
Lone parent element		2,500	6.85
30-hour element		1,015	2.78

		£ per week
Childcare element *	One child	175	25.00
	Two or more children	300	42.86

* The amount that can be claimed is 70% of the childcare

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