Does anyone know much much stat maternity pay is after tax?

Noodles · Oct 15th, 2009, 12:04 PM

Any ideas girls as I'm just trying to work out my finances?

bumpyontheway · Oct 15th, 2009, 12:17 PM

I didnt think you paid tax on maternity pay... have a look on & that will tell you everything you need to know

http://www.direct.gov.uk/en/MoneyTax...en/DG_10018741

Rach x

mrs mcgrath · Oct 15th, 2009, 12:21 PM

unfortunately we do have to pay tax on maternity pay... I was shocked to find that out recently... not sure how much it works out at though... think it all depends on how much you have earned previously...

i asked the girl who does our wages & she said there isn't an exact amount but it should level itself out after a while... great help!!! lol

Sorry I can't be more helpful on this one

PieMistress · Oct 15th, 2009, 12:36 PM

Am I right in thinking that your employer will take your pension contribution off your maternity pay (for all that it will be ?!)

But, on the otherhand, is it not possible we will be in line for a tax rebate as obviously won't be earning the same so will have paid too much tax for the year ?!

MrsQ · Oct 15th, 2009, 12:39 PM

thats disgusting!!!!!

CatStorey · Oct 15th, 2009, 12:41 PM

I'm so rubbish at all this stuff, it turns my head to jelly!!
I am just waiting to see what I come out with at the end of the month. I think how much tax you pay depends on how much you earnt previously but not really sure to be honest. This will be my first full month on SMP so going to see what my payslip says and then and only then will I know.
I have bought my pension down to the lowest payment that still means my employer contributes, so that will come out of it too.

I like the idea of a tax rebate :-) Hadn't thought about that!!

emmajane · Oct 15th, 2009, 12:46 PM

I think it is about 430 if I can remember rightly, but I don´t get payslips sent through properly so its a bit vague. Think it is so bad they tax us too.

Jolinar · Oct 15th, 2009, 12:50 PM

I don't know it can't be loads though surely? Don't forget to factor in child benefit and also check what tax credits you might be entitled to.

Our payrole person thinks I will also get a tax rebate in April too

laura3103 · Oct 15th, 2009, 12:58 PM

well i dont pay tax on my SMP but they take out your NI but this isn't alot.

if you have a pension or savings coming out of your normal wages these will still come out of your SMP.

but the 6 weeks you get 90% of your wages you pay tax at the normal rate.x

hope this helps oh and dont worry you learn to live on minimum money after a while.x.x.

Noodles · Oct 15th, 2009, 14:13 PM

Thanks girls

Oct 15th, 2009, 12:04 PM	#1
Noodles Mum (Mom) BnB Addict Join Date: Jan 2009 Location: UK Posts: 5,746	Does anyone know much much stat maternity pay is after tax? Any ideas girls as I'm just trying to work out my finances?

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Oct 15th, 2009, 12:17 PM	#2
bumpyontheway Pregnant (Expecting) Active BnB Member Join Date: Apr 2009 Posts: 43	I didnt think you paid tax on maternity pay... have a look on & that will tell you everything you need to know http://www.direct.gov.uk/en/MoneyTax...en/DG_10018741 Rach x

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Oct 15th, 2009, 12:21 PM	#3
mrs mcgrath Mum (Mom) Active BnB Member Join Date: Oct 2009 Posts: 395	unfortunately we do have to pay tax on maternity pay... I was shocked to find that out recently... not sure how much it works out at though... think it all depends on how much you have earned previously... i asked the girl who does our wages & she said there isn't an exact amount but it should level itself out after a while... great help!!! lol Sorry I can't be more helpful on this one

Status: Offline

Oct 15th, 2009, 12:36 PM	#4
PieMistress Mum (Mom) Active BnB Member Join Date: May 2009 Posts: 852	Am I right in thinking that your employer will take your pension contribution off your maternity pay (for all that it will be ?!) But, on the otherhand, is it not possible we will be in line for a tax rebate as obviously won't be earning the same so will have paid too much tax for the year ?!

Status: Offline

Oct 15th, 2009, 12:39 PM	#5
MrsQ Mum (Mom) BnB Addict Join Date: Apr 2009 Location: Redhill, surrey Posts: 4,688	thats disgusting!!!!!

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Oct 15th, 2009, 12:41 PM	#6
CatStorey Mum (Mom) Chat Happy BnB Member Join Date: Mar 2009 Location: Winchester Posts: 1,242	I'm so rubbish at all this stuff, it turns my head to jelly!! I am just waiting to see what I come out with at the end of the month. I think how much tax you pay depends on how much you earnt previously but not really sure to be honest. This will be my first full month on SMP so going to see what my payslip says and then and only then will I know. I have bought my pension down to the lowest payment that still means my employer contributes, so that will come out of it too. I like the idea of a tax rebate :-) Hadn't thought about that!!

Status: Offline

Oct 15th, 2009, 12:46 PM	#7
emmajane Mum (Mom) Active BnB Member Join Date: Jan 2008 Location: Brighton Posts: 801	I think it is about 430 if I can remember rightly, but I don´t get payslips sent through properly so its a bit vague. Think it is so bad they tax us too.

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Oct 15th, 2009, 12:50 PM	#8
Jolinar Mum (Mom) Chat Happy BnB Member Join Date: Aug 2008 Location: Midlands, UK Posts: 1,576	I don't know it can't be loads though surely? Don't forget to factor in child benefit and also check what tax credits you might be entitled to. Our payrole person thinks I will also get a tax rebate in April too

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Oct 15th, 2009, 12:58 PM	#9
laura3103 Mum (Mom) Chat Happy BnB Member Join Date: Feb 2009 Location: Dudley, West Mids Posts: 1,284	well i dont pay tax on my SMP but they take out your NI but this isn't alot. if you have a pension or savings coming out of your normal wages these will still come out of your SMP. but the 6 weeks you get 90% of your wages you pay tax at the normal rate.x hope this helps oh and dont worry you learn to live on minimum money after a while.x.x.

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Oct 15th, 2009, 14:13 PM	#10
Noodles Mum (Mom) BnB Addict Join Date: Jan 2009 Location: UK Posts: 5,746	Thanks girls

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