Tax credit rates and thresholds

Copyright © 2025 LexisNexis
Produced by a Tolley Personal Tax expert
Personal Tax
Guidance

Tax credit rates and thresholds

Copyright © 2025 LexisNexis
Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
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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

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  • 27 Oct 2025 12:10

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