|Working tax credit|
|Couple and lone parent element||£2,010||£1,990|
|30 hour element1||£810||£800|
|Disabled worker element||£2,970||£2,935|
|Severe disability element||£1,275||£1,255|
|Childcare element of working tax credit|
|Maximum eligible cost for one child||£175 p.w.||£175 p.w.|
|Maximum eligible cost for two or more children||£300 p.w.||£300 p.w.|
|Percentage of eligible costs covered||70%||70%|
|Child tax credit|
|Child tax credit family element||£545||£545|
|Income thresholds and withdrawal rate|
|First threshold for those entitled to child tax credit only||£16,105||£16,010|
|Income rise disregard||£5,000||£5,000|
|Income fall disregard||£2,500||£2,500|
From April 2016 the taper rate in tax credits will increase from 41% to 48% of gross income. Once claimants earn above the income threshold in tax credits, their award will be withdrawn at a rate of 48p for every extra pound earned.
Limit child element in tax credits and Universal Credit
The Child Element of tax credits and Universal Credit will no longer be awarded for third and subsequent children born after 6 April 2017. Multiple births and other exceptional circumstances will be protected from the two children limit.
Income rise disregard in tax credits
From April 2016 the amount by which a claimant's income can increase in-year compared to the previous year's income before their award is adjusted is to be reduced from £5,000 to £2,500.