Tax credit rates and thresholds

Copyright © 2026 LexisNexis
Produced by a Tolley Personal Tax expert
Personal Tax
Guidance

Tax credit rates and thresholds

Copyright © 2026 LexisNexis
Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
imgtext

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 ceased on 5 April 2025. New claims for tax credits are not possible. Existing claimants have migrated to the universal credit system. See HMRC guidance ‘Tax credits ended on 5 April 2025 and 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

2024/25£ per annum£ per day
Basic element2,4356.67
Second adult element2,5006.85
Disabled worker element3,93510.78
Severe disability element1,7054.67
Lone parent element2,5006.85
30-hour element1,0152.78
£ per week
Childcare element *One child17525.00
Two or more children30042.86

* The amount that can be

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™
TAKE A FREE TRIAL NOW
Powered by Tolley+™
  • 27 Oct 2025 12:10

Home/ Tolley Tax Guidance/ Personal Tax / Family tax planning

Popular Articles

Personal Tax

Taxation of dividend income

Taxation of dividend incomeIntroductionA dividend is a distribution of profit by a company to its shareholders.A dividend is not only a payment in cash. It can be the issue of new shares in exchange for forfeiting the right to a cash payment (a stock dividend). For more detail, see the Cash

14 Jul 2020 13:48 | Produced by Tolley Read more Read more
tag-icon Autumn Budget 2025 tag-icon Tax Returns
Corporation Tax

FRS 102 ― tax presentation and disclosures

FRS 102 ― tax presentation and disclosuresPresentation of tax under FRS 102An entity must present changes in a current tax liability (or asset) and changes in a deferred tax liability (or asset) as a tax expense (or income) unless the item creating the current or deferred tax amount is recognised in

14 Jul 2020 11:46 | Produced by Tolley in association with Steve Collings Read more Read more
Owner-Managed Businesses

Capital allowances on cars

Capital allowances on carsSummary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of carRateLegislationMain rate poolNew and unused cars with CO2 emissions of 50g/km and below 18%CAA 2001, s 104AASecondhand cars with CO2

14 Jul 2020 11:08 | Produced by Tolley Read more Read more