Welcome to Simia Farra & Company

Tax Credits

Tax Credits 2016-17 2015-16
Basic element – maximum £1,960 £1,960
Childcare element 70% of eligible costs up to £175 per week for one child, £300 for two or more children.
Child Tax Credits 2016-17 2015-16
Child element per child – maximum £2,780 £2,780
Family element £545 £545
If only the child tax credit is claimed, the threshold is £16,105 pa.

 

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