Guidance

Tax credits, Child Benefit and Guardian's Allowance — rates and allowances

Updated 29 February 2024

These tables show rates and allowances for tax credits, Child Benefit and Guardian’s Allowance by tax year (6 April to 5 April).

Working Tax Credit rates

The maximum annual Working Tax Credit rates are shown in the following table.

Rates (£ per year) 2024 to 2025 2023 to 2024 2022 to 2023
Basic element £2,435 £2,280 £2,070
Couple and lone parent element £2,500 £2,340 £2,125
30 hour element £1,015 £950 £860
Disabled worker element £3,935 £3,685 £3,345
Severe disability element £1,705 £1,595 £1,445

Childcare element of Working Tax Credit

The maximum weekly childcare costs you can claim for and percentage of costs covered are shown in the following table.

Rates (£ per week) 2024 to 2025 2023 to 2024 2022 to 2023
Maximum eligible cost for 1 child £175 £175 £175
Maximum eligible cost for 2 or more children £300 £300 £300
Percentage of eligible costs covered 70% 70% 70%

Child Tax Credit rates

The maximum annual Child Tax Credit rates are shown in the following table.

Rates (£ per year) 2024 to 2025 2023 to 2024 2022 to 2023
Child Tax Credit family element £545 £545 £545
Child element £3,455 £3,235 £2,935
Disability element: disabled child rate £4,170 £3,905 £3,545
Disability element: severely disabled child rate £1,680 £1,575 £1,430

Tax credits income thresholds and withdrawal rates

The annual tax credits income thresholds and withdrawal rates are shown in the following table.

Rates (£ per year) 2024 to 2025 2023 to 2024 2022 to 2023
Income threshold £7,955 £7,455 £6,770
Withdrawal threshold rate (%) 41% 41% 41%
Threshold for those entitled to Child Tax Credit only £19,995 £18,725 £17,005
Income rise disregard £2,500 £2,500 £2,500
Income fall disregard £2,500 £2,500 £2,500

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Child Benefit rates

The weekly Child Benefit rates are shown in the following table.

Rates (£ per week) 2024 to 2025 2023 to 2024 2022 to 2023
Eldest or only child £25.60 £24 £21.80
Other children £16.95 £15.90 £14.45

Guardian’s Allowance rates

The weekly Guardian’s Allowance rates are shown in the following table.

Rates (£ per week) 2024 to 2025 2023 to 2024 2022 to 2023
Guardian’s Allowance £21.75 £20.40 £18.55