Tax credit rates and thresholds

By Tolley
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The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Tax credit rates and thresholds
  • Working tax credits
  • Child tax credits
  • Thresholds
  • Taper or withdrawal rate
  • Income disregard

The 2018/19 rates of tax credits and relevant thresholds for computing an award are shown below. Only the disability elements have been uprated from 2017/18 levels, the other elements remain frozen.

Working tax credits
 £ per annum£ per day
Basic element1,9605.37
Second adult element2,0105.51
Disabled worker element3,0908.46
Severe disability element1,3303.64
Lone parent element

More on Tax credits:
Compliance issues for tax credits
Finalising the tax credit award
Computing income for tax credits purposes
Computing child tax credit
Interaction between tax credits and tax planning
Entitlement to tax credits
Changes in circumstances for tax credits
Computing the working tax credit
Making and renewing a tax credits claim
Notional income and anti-avoidance for tax credits
Recovery of overpaid tax credits
Tax credits on separation and divorce
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