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Children's Handbook Scotland | 2023/24

Tax credit rates 2023/24

		£ per day	£ per year
Child tax credit
Family element (child born before 6 April 2017)		1.49	545
Child element		8.84	3,235
Disabled child element
	Lower rate	10.67	3,905
	Higher rate for a severely disabled child	14.98	5,480
Working tax credit
Basic element		6.23	2,280
Lone parent element		6.40	2,340
Couple element		6.40	2,340
30-hour element		2.60	950
Disabled worker element		10.07	3,685
Severe disability element		4.36	1,595
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		7,455
	Child tax credit only		18,725
Taper			41%
Income increase disregard			2,500