SOCIAL SECURITY Citation, commencement and effect 1 1 These Regulations may be cited as the Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations 2024. 2 This regulation and regulations 2, 3 and 4 come into force on 6th April 2024. 3 Regulations 5, 6 and 7 come into force on 8th April 2024. 4 Regulations 2, 3 and 4 have effect in relation to awards of tax credits for the tax year beginning on 6th April 2024 and subsequent tax years. Amendment of the Working Tax Credit (Entitlement and Maximum Rate) Regulations 2002 2 The table in Schedule 2 (maximum rates of the elements of a working tax credit) to the Working Tax Credit (Entitlement and Maximum Rate) Regulations 2002 is amended as follows— a in item 1 (basic element), in the second column for “£2,280” substitute “£2,435” ; b in item 2 (disability element), in the second column for “£3,685” substitute “£3,935” ; c in item 3 (30 hours element), in the second column for “£950” substitute “£1,015” ; d in items 4 (second adult element) and 5 (lone parent element), in the second column for “£2,340” substitute “£2,500” ; and e in item 6 (severe disability element), in the second column for “£1,595” substitute “£1,705” . Amendment of the Child Tax Credit Regulations 2002 3 Regulation 7 (determination of the maximum rate at which a person or persons may be entitled to child tax credit) of the Child Tax Credit Regulations 2002 is amended as follows— a in paragraph (4)(c) and 4(f) for “£3,235” substitute “£3,455” ; and b in paragraph (5)— i in sub-paragraph (a) for “£3,905” substitute “£4,170” ; and ii in sub-paragraph (b) for “£5,480” substitute “£5,850” . Amendment of the Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002 4 1 The Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002 are amended as follows. 2 In regulation 3 (manner in which amounts to be determined for the purposes of section 7(1)(a) of the Act)— a in paragraph (2) for “£7,455” substitute “£7,955” ; and b in paragraph (3) for “£18,725” substitute “£19,995” . 3 In regulation 7(3) (determination of rate of working tax credit) in Step 4 for “£6,770” substitute ”£7,995”. 4 In regulation 8(3) (determination of rate of child tax credit) in Step 4 for “£17,005” substitute “£19,995” . Amendment of the Child Benefit (Rates) Regulations 2006 5 Regulation 2(1) (rate of child benefit) of the Child Benefit (Rates) Regulations 2006 is amended as follows— a in sub-paragraph (a) (enhanced rate) for “£24.00” substitute “£25.60” ; and b in sub-paragraph (b) (other cases) for “£15.90” substitute “£16.95” . Amendment of Schedule 4 to the Social Security Contributions and Benefits Act 1992 6 In paragraph 5 of Part 3 of Schedule 4 to the Social Security Contributions and Benefits Act 1992 (weekly rate of guardian’s allowance) for “£20.40” substitute “£21.75” . Amendment of Schedule 4 to the Social Security Contributions and Benefits (Northern Ireland) Act 1992 7 In paragraph 5 of Part 3 of Schedule 4 to the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (weekly rate of guardian’s allowance) for “£20.40” substitute “£21.75” . Amanda Milling Scott Mann Two of the Lords Commissioners of His Majesty's Treasury 29th February 2024