Tax credit rates 2022/23

Tax credit rates 2022/23

 

		£ per day	£ per year
Child tax credit
Family element (child born before 6 April 2017)		1.50	545
Child element		8.05	2,935
Disabled child element
	Lower rate	9.72	3,545
	Higher rate for a severely disabled child	13.64	4,975
Working tax credit
Basic element		5.68	2,070
Lone parent element		5.83	2,125
Couple element		5.83	2,125
30-hour element		2.36	860
Disabled worker element		9.17	3,345
Severe disability element		3.96	1,445
Childcare element	70% of eligible weekly childcare costs:
	One child	weekly maximum 175
	Two or more children	weekly maximum 300
Thresholds
Income threshold	Working tax credit only or with child tax credit		6,770
	Child tax credit only		17,005
Taper			41%
Income increase disregard			2,500