MATERNITY PAY UK | Planning for Maternity Leave | How Much Will I Get on Maternity Leave

Рет қаралды 5,486

Күн бұрын

In this video, I talk about steps to consider when planning out your maternity leave and ultimately maternity pay.
0:00 - Intro
2:18 - My Enhanced Maternity Pay
4:08 - How much is SMP/Maternity allowance
6:25 - Maternity pay calculator
9:58 - Consider the options
11:22 - Check your benefits
14:07 - How much needed to buy baby stuff
16:00 - Savings to cover money shortfall
17:18 - How much time can you afford to take off
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Пікірлер: 68

@Heidi123 Жыл бұрын

Congratulations. Always claim child benefit when you have a child. It gets you the money and you get NI credits even if you aren't working. You should also claim it even if you have to pay the benefit back due to you or your husband earning more than £50k, so that you get the NI credit for pension purposes. There is also a box on the form you can tick to say you don't actually want the cash as your husband or you're earning too much but you want to claim.

@FinanceDee Жыл бұрын

Thank you so much for this. Does this still stand if you earn over £60k though? It doesn’t seem like it.

@Heidi123 Жыл бұрын

@@FinanceDee Yes. Say your hubby earns £60k and you're not earning. You're going to have to pay back all you get in child benefit but you don't pay back the NI credit that you've been given.

@FinanceDee Жыл бұрын

Wow great to know! Thank you. Going to pin this comment 😊

@Farah.A Жыл бұрын

@@FinanceDee Congratulations Dee! The video is a great overview of what to expect when planning for maternity. I would just clarify that you only get the NI credits if you are unemployed or do not earn enough to make a qualifying year.

@FinanceDee Жыл бұрын

Aha!! That makes sense because I still couldn’t find how it would be relevant to us. Hopefully someone else can use this info. And many thanks for your congratulations 😊

@MsPrideCreations Жыл бұрын

Congrats Dee, it takes a lot of planning to get through maternity leave but from personal experience it's all worth it

@FinanceDee Жыл бұрын

Thank you so much! Glad to hear you found it worth it. I would like to imagine it certainly will be 😊

@TheWellnessAbbey Жыл бұрын

Aw, congrats Dee!!!! I pray you have a safe delivery and rest of your pregnancy 🙏🏽 I'm not pregnant yet but I've also been saving aggressively for maternity leave as my new company's policy isn't great at all, so a very timely video for me!

@FinanceDee Жыл бұрын

Thank you so much!! 😊 You’ve got the right idea to prepare for it especially knowing your company’s mat leave isn’t great.

@JChackooo Жыл бұрын

Eyyyyy. Congrats dee 👏

@FinanceDee Жыл бұрын

Much appreciated ☺️

@elaibesummers906 Жыл бұрын

I Missed this video sorry Dee. Congratulations, blessings to baby, you and your hubby❤️

@FinanceDee Жыл бұрын

No apologies needed! Thank you so very much for your well wishes ❤️

@Indowaindowa Жыл бұрын

Congrats Dee and Hubs. Children are always a blessing, even though they cost a bit.

@FinanceDee Жыл бұрын

Thank you! Absolutely. An expensive blessing ☺️

@King_Kassie Жыл бұрын

congratulations Dee!🥳

@FinanceDee Жыл бұрын

Thank you ☺️

@BlessedPetrel Жыл бұрын

Many congrats Dee. Great content as always 👏

@FinanceDee Жыл бұрын

Thank you ☺️

@millymotivation Жыл бұрын

congratulations to you both. This is a great video, so helpful; as I am expecting my baby in a few months.

@FinanceDee Жыл бұрын

Congratulations to you too 😊 hope all goes well with your planning!

@shesagoddess3592 Жыл бұрын

This was so helpful! Thank you. following 🎉

@FinanceDee Жыл бұрын

So glad you found it helpful 😊

@CassKidd Жыл бұрын

Biggest congrats to you and your family!

@FinanceDee Жыл бұрын

Thank you ♥️

@ajulydreamer Жыл бұрын

Congrats Dee and lovely video

@FinanceDee Жыл бұрын

Thank you 💕

@rachellouise3193 Жыл бұрын

Congratulations 🥳

@Marta-Lis Жыл бұрын

Congratulations, Dee!

@FinanceDee Жыл бұрын

Thank you ♥️

@binyeslab408 2 ай бұрын

Loved it. Thank you

@fayehunoluwakemi8359 Жыл бұрын

Thank you! So helpful

@FinanceDee Жыл бұрын

♥️

@megzzr7522 Жыл бұрын

Congratulations 💖 xx

@FinanceDee Жыл бұрын

Thank you 💕

@herpennypotential40 Жыл бұрын

Congraaaaaatulations!!

@FinanceDee Жыл бұрын

Thanks lovely! Hope you’re well xx

@RobynWeekes Жыл бұрын

Congratulations!

@FinanceDee Жыл бұрын

Thank you 😊

@crimsonbride Жыл бұрын

Congratulations! Im having a December baby too. ❤

@FinanceDee Жыл бұрын

Oh wow that’s awesome!! Congratulations to you too 🥰

@muntaserali7978 Жыл бұрын

Many congratulations. Thank you for educating me on the importance of financial investment and compound interest.

@FinanceDee Жыл бұрын

Thank you so much! So glad I could be a part of improving your finance journey in some way 😊

@rachellouise3193 Жыл бұрын

Also planning for childcare costs if/when you return to work x

@FinanceDee Жыл бұрын

Yes that’s a whole other topic for another video 😅

@lee-13 10 ай бұрын

Very informative

@dyin2live83 Жыл бұрын

Many congrats

@FinanceDee Жыл бұрын

Thank you 😊

@tonit7732 Жыл бұрын

Congratulations. I had a feeling a few months ago as you were looking rosy, but I dare not mention it as you never know ppl’s situation.

@FinanceDee Жыл бұрын

Haha aww thank you 😊 I totally get why you didn’t ask - much appreciated!

@Mb00002 Жыл бұрын

I work 24 hours a week only and I asked our HR dept to give me a detailed explanation about my pay for the first 6 weeks as it didn’t seem right. I got this calculations explanation from HR, is this at all correct? So the relevant earnings period to get her 90% is from the 11/12/22 - 10/02/23. Her weekly average earnings are £246.16 per week. This is then divided by the 7 days per week to give a daily total of £35.165. 35.165 multiplied by the 3 days is £105.497 90% 105.497 is 94.95 which she is receiving.

@FinanceDee Жыл бұрын

The only thing I don’t get is why they divided it by 7 days and not 5, as a working week is 5 days surely? So shouldn’t it be £246.16/5 = £49.23? Or do you have the ability to work 7 day weeks in your job? What industry is this?

@davideboma6079 10 ай бұрын

Wow. Great video. Please my wife Has been working with the NHS as a band 5 nurse for the past 12 months. Now she is 4 months pregnant. She got a new job as a Band 6 Senior staff nurse with ANOTHER NHS. Please i want to know will she be entitled to the Maternity pay and leave?

@FinanceDee 10 ай бұрын

Hello 😊 The only way she will know if and what she is entitled to is to contact the HR at her current place of work. Now she’s 4 months pregnant now is a good time as by 25 weeks pregnant the latest she has to tell the employer she’s pregnant anyway to qualify for whatever maternity package they have.

@KrishnaChaliLondon Жыл бұрын

Hey may I ask that I started job in march 2023 and my due date on 3rd September 2023 when I can apply for maternity pay?? I am still working may be I will work till August..

@FinanceDee Жыл бұрын

Congratulations to you! On the citizens advice website it says you can apply for SMP if “you work for your employer in the 15th week before your baby is due and have worked for them for at least 26 weeks before that” AND “your average pay, before tax, is at least £123 a week” Best thing to do is speak to your companies HR as well, they should be able to help 😊

@KrishnaChaliLondon Жыл бұрын

@@FinanceDee thank u so much.. but I will complete 26 weeks in August. Or due date is September may be I'm not eligible

@FinanceDee Жыл бұрын

Ok you can probably qualify for ‘maternity allowance’ instead then. I don’t think you would need to do this through your employer. Have a Google search to look into it 😊

@KrishnaChaliLondon Жыл бұрын

@@FinanceDee thank u dr.. have a great day