SLATERS CHARTERED ACCOUNTANTS

162A London Road
Chesterton
Newcastle Under Lyme
Staffordshire,ST5 7JB
Tel: 01782 566101 Fax: 01782 566090

Child Benefit

Working Tax Credit - £ per year (unless stated)
Rates and Thresholds 2006-07 2007-08
Basic element £1,665 £1,730
Couple and lone parent element £1,640 £1,700
30 hour element £680 £705
Disabled worker element £2,225 £2,310
Severe disability element £945 £980
50+ Return to work payment (16-29 hours £1,705 £1,770

Childcare element of the Working Tax Credit - £ per year (unless stated)

Rates and Thresholds 2006/07 2007/08
Maximum eligible cost for one child £175 per week £175 per week
Maximum eligible cost for two or more children £300 per week £300 per week
Percentage of eligible costs covered 80% 80%

Child Benefit

Child Benefit is currently payable to children up to the age of 16. It is also payable for children between the ages of 16 and 19 if they are in full-time non-advanced education. It will be extended under provisions in the Child Benefit Bill to the families of 16-19 year olds in unwaged work-based training and 19 year olds completing a course of education or training. From April 2005 the weekly rate of Child Benefit will be £17.00 for the first child and £11.40 for subsequent children.

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