APPENDIX 3
WEEKLY TAX CREDITS AND BENEFIT RATES COMPARED:
LOW INCOME FAMILIES ONLY (all figures relate to 2003/04)
|
| Credit or Benefit | Tax Credits
| Income Support |
Job Seekers Allowance |
Housing Benefit | Council Tax Benefit
|
|
| Single paent personal allowance or credit |
58.17
(basic element and lone parent element)
| 54.65
(aged over 18) |
54.65
(aged over 18) | 54.65
(aged over 18)
| 54.65
(aged over 18) |
| Couples personal allowance or credit | 58.17
(basic element and lone parent element)
| 85.75
(aged over 18) |
85.75
(aged over 18) | 85.75
(aged over 18)
| 85.75
(aged over 18) |
| Family addition | 10.48
(20.96 if child under 1)
| 15.75 | 15.75
| 15.75 | 15.75
|
| 30 hour element | 11.92
| | | |
|
| Dependent child under 16 | 27.75
| 38.50 | 33.60
| 38.50 | 38.50
|
| Dependent child over 16 | 27.75
| 38.50 | 34.30
| 38.50 | 38.50
|
|
Notes:
The figures given in Column 1 for the weekly equivalents
of the Tax Credits differ slightly from figures given in the main
submission (paragraphs 26 and 31). The figures in this Table were
taken from Table A6 HM Treasury publication "Budget 2002"
(HC 592) and were confirmed by the Revenue. The figures quoted
in the submission were taken from the DWP Tax Benefit Model Tables
April 2003. We have asked the Inland Revenue to clarify the position.
Leonard Beighton and Don Draper
CARE
11 September 2003
| 
