Regulation 20(1)

SCHEDULE 2MAXIMUM RATES OF THE ELEMENTS OF A WORKING TAX CREDIT

Relevant element of Working Tax CreditMaximum annual rate

1.  Basic element

£1,525

2.  Disability element

£2,040

3.  30 hour element

£620

4.  Second adult element

£1,500

5.  Lone parent element

£1,500

6.  Severe disability element

£865

7.  50 plus element—

(a)in the case of a person who normally undertakes qualifying remunerative work for at least 16 hours but less than 30 hours per week; and

£1,045

(b)in the case of a person who normally undertakes qualifying remunerative work for at least 30 hours per week

£1,565