TCTM03101 - Maximum Rates: Working Tax Credit
The Working Tax Credit (Entitlement and Maximum Rate) Regulations 2002, Reg. 20 and Schedule 2
The Working Tax Credit contains several different elements, including additional amounts for working people with a disability, for people with a severe disability and the cost of registered or approved childcare. The maximum value of each element is listed below, but the amount a claimant, or joint claimants will get depends on their income.
The table below details the Working Tax Credit Maximum rates for 2024-25
| Element | Maximum annual rate 2024-25 |
|---|---|
| Basic element TCTM02311 | £2,435 |
| Disability element TCTM02312 | £3,935 |
| 30 hour element TCTM02313 | £1,015 |
| Second adult element TCTM02314 | £2,500 |
| Lone parent element TCTM02315 | £2,500 |
| Severe disability element TCTM02317 | £1,705 |
Note: The 50+ element ceased 6 April 2012
Childcare element
The maximum rate of childcare element is 70% of the maximum eligible cost.
The table below details the amounts of childcare available.
| Element | Maximum eligible cost |
|---|---|
| Families with one child in child care | £175 |
| Families with two or more children in child care | £300 |
So, the maximum childcare element a person can get is either:
- £122.50 a week (£175 x 70%) for one child in childcare, or
- £210.00 a week (£300 x 70%) for two or more children in childcare.
For further information, go to TCTM02316