Social Security Changes 2020 - 2021

Thursday 09 April, 2020 Written by 
Social Security Changes 2020 - 2021

BENEFITS CHANGES - Please note these changes to social security benefits.

Working Tax Credit rates

The maximum annual Working Tax Credit rates are shown below.

Use the tax credits calculator to work out how much you could get.

Rates (£ per week)

2020 to 2021

2019 to 2020

2018 to 2019

Basic element

£3,040

£1,960

£1,960

Couple and lone parent element

£2,045

£2,010

£2,010

30 hour element

£825

£810

£810

Disabled worker element

£3,220

£3,165

£3,090

Severe disability element

£1,390

£1,365

£1,330

Childcare element of Working Tax Credit

The maximum weekly childcare costs you can claim for and percentage of costs covered are shown below.

Rates (£ per week)

2020 to 2021

2019 to 2020

2018 to 2019

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 below.

Rates (£ per week)

2020 to 2021

2019 to 2020

2018 to 2019

Child Tax Credit family element

£545

£545

£545

Child element

£2,830

£2,780

£2,780

Disabled child element

£3,415

£3,355

£3,275

Severely disabled child element

£1,385

£1,360

£1,325

Tax credits income thresholds and withdrawal rates

The annual tax credits income thresholds and withdrawal rates are shown below.

Rates (£ per week)

2020 to 2021

2019 to 2020

2018 to 2019

Income threshold

£6,530

£6,420

£6,420

Withdrawal threshold rate (%)

41%

41%

41%

Threshold for those entitled to Child Tax Credit only

£16,385

£16,105

£16,105

Income rise disregard

£2,500

£2,500

£2,500

Income fall disregard

£2,500

£2,500

£2,500

Get help working out your income.

Child Benefit rates

The weekly Child Benefit rates are shown below.

Rates (£ per week)

2020 to 2021

2019 to 2020

2018 to 2019

Eldest/only child

£21.05

£20.70

£20.70

Other children

£13.95

£13.70

£13.70

Guardian’s Allowance rates

The weekly Guardian’s Allowance rates are shown below.

Rates (£ per week)

2020 to 2021

2019 to 2020

2018 to 2019

Guardian’s Allowance

£17.90

£17.20

£16.70

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