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 cease on 5 April 2025 and no more payments will be made after that date. Any existing claimants will be migrated to the universal credit system. See 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

£ 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 claimed is 70% of the childcare

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  • 13 Jan 2025 11:20

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