Tax Credits | 2022-23 | 2021-22 |
Basic element – maximum | £2,070 | £2,005 |
Childcare element 70% of eligible costs up to £175 per week for one child, £300 for two or more children. | ||
Child Tax Credits | 2022-23 | 2021-22 |
Child element per child – maximum | £2,935 | £2,845 |
Family element | £545 | £545 |
If only the child tax credit is claimed, the annual threshold is £17,005 (2021-22: £16,480). |
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