Home Page Link for Malcolm J. Greer - Chartered Certified Accountant and Registered Auditor. Regulated for a range of Investment Business Activities by the Association of Chartered Certified Accountants.
Income Tax Allowances
Income Tax Rates
National Insurance Contributions
Individual Savings Accounts
Capital Gains Tax
Corporation Tax
Car Benefit
Car Fuel Benefit
Tax-Free Mileage Allowances
Inheritance Tax
Stamp Taxes
Value Added Tax
Capital Allowances
Tax Credits
Registered Pension Schemes
Venture Capital Schemes
 
 
 
 

Tax Credits

Annual amounts 2009/10

£

Child tax credit

 

Family element

545

baby addition 545
Child element (for each child) 2,235
Addition for disabled child 2,670
Severe disabled child enhancement 1,075
   
Working tax credit

 

Basic element

1,890

Lone parent and couple element

1,860

30 hour element

775

Disability element 2,530
Severe disability element 1,075
50 plus return to work payment  
  (16 - 29 hours) 1,300
  (30 or more hours) 1,935
Childcare element (up to 80% of costs) Weekly
  maximum eligible cost (1 child) 175
  maximum eligible cost (2 or more) 300
   
Income thresholds  
First income threshold 6,420
  eligible for child tax credit only 16,040
First withdrawal rate 39%
Second income threshold 50,000
Second withdrawal rate 6.67%
Income disregard 25,000
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© Malcolm J. Greer
3 Jesse Terrace, Reading, Berkshire, RG1 7RS
Tel: 01189 588535 ~ Fax: 01189 588535