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Tax Credits | 2023-24 | 2022-23 |
Basic element – maximum | £2,280 | £2,070 |
Childcare element 70% of eligible costs up to £175 per week for one child, £300 for two or more children. | ||
Child Tax Credits | 2023-24 | 2022-23 |
Child element per child – maximum | £3,235 | £2,935 |
Family element | £545 | £545 |
If only the child tax credit is claimed, the annual threshold is £18,725 (2022-23: £17,005). | ||
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