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.

New claims for tax credits are no longer possible as they have been replaced by the universal credit (see the Universal credit guidance note). However, existing claimants will continue to receive tax credits until they are migrated to the universal credit system. 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

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