| To request a
claim form or to check your eligibility, phone the Inland Revenue
0800 500 222
The following Table is an extract from the
Inland Revenue.
|
Working
Tax Credit *
|
Published
2003-04
Annual Rates
|
Approximate
Weekly equivalents
(£)
|
2004-05
Rates
|
Approximate
Weekly equivalents
(£)
|
|
|
Basic
element
|
1,525.00
|
29.19
|
1,570.00
|
|
|
|
Additional
couple’s and lone parent element
|
1,500.00
|
28.70
|
1,545.00
|
|
|
|
30
hour element
|
620.00
|
11.90
|
640.00
|
|
|
|
Disability
element
|
2,040.00
|
39.06
|
2,100.00
|
|
|
|
Severe
disability element
|
865.00
|
16.59
|
890.00
|
|
|
|
50plus
return to work payment, 16-29 hours **
|
1,045.00
|
20.02
|
1,075.00
|
|
|
|
50plus
return to work payment, 30+ hours **
|
1,565.00
|
29.96
|
1,610.00
|
|
|
|
Childcare
element
|
|
|
|
|
|
|
-
maximum eligible cost
|
|
200.00
|
|
200.00
|
|
|
-
maximum eligible cost for 1 child
|
|
135.00
|
|
135.00
|
|
|
-
percent of eligible costs covered
|
|
70%
|
|
70%
|
|
Notes
The annual amounts cannot
be divided by 52 to give the weekly amounts. This is because tax
credit awards are based on rounded daily amounts and so it must be
emphasised that any illustrations of weekly figures are
approximate.
* Apart from those mentioned in the
footnote below, the elements for which claimants are eligible can
be added together to arrive at the maximum amount of tax credit
available.
** These elements are mutually
exclusive. Where an individual works enough hours to qualify for
the 50 plus return to work payment (30+ hours), they cannot also
qualify for the 50 plus return to work payment (16-29 hours).
|
Common
features
|
2003-04
£
per year
|
Approximate
Weekly equivalents
(£)
|
2004-05
£
per year
|
Approximate
Weekly equivalents
(£)
|
|
|
First
income threshold
|
5,060.00
|
97.00
|
5,060.00
|
97.00
|
|
|
First
withdrawal rate
|
37%
|
-
|
37%
|
-
|
|
|
Second
income threshold
|
50,000.00
|
956.29
|
50,000.00
|
956.29
|
|
|
Second
withdrawal rate
|
1
in 15
|
-
|
1
in 15
|
-
|
|
|
First
threshold for those entitled to Child Tax Credit only
|
13,230.00
|
253.04
|
|
|
|
For example, unclaimed personal allowances can be retrieved from the
Inland Revenue up to six years later, but the new tax credits, like most
state benefits, may only be backdated for up to three months.
Back
|
