Quizzes & Puzzles11 mins ago
Taxed and NI'd on SMP...
Hi all. Found out on Monday that I'm nearly 8 weeks pregnant. My son will be 6 in December so it was quite a while ago!
Just wondered re: SMP. It says on the direct.gov website: 'Maternity Pay is treated as normal pay so your employer will also deduct tax and National Insurance as usual.' Is this SMP or a different thing? If it is SMP what would you come out with a week then?
Just wondered re: SMP. It says on the direct.gov website: 'Maternity Pay is treated as normal pay so your employer will also deduct tax and National Insurance as usual.' Is this SMP or a different thing? If it is SMP what would you come out with a week then?
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congratulations!
To answer your question i think NI is paid after a threshold of about �100 so would not be paid if you were just on statuatory maternity of �108. Tax would depend of your tax code but doubtful itd be due.
if getting 90% of wages via your employer then you will need to pay tax and NI just as you would on your wages.
My figures are likely to be incorrect because its a while since i did payroll and i only took 2 weeks off after giving birth so i didnt get any maternity pay.
congratulations!
To answer your question i think NI is paid after a threshold of about �100 so would not be paid if you were just on statuatory maternity of �108. Tax would depend of your tax code but doubtful itd be due.
if getting 90% of wages via your employer then you will need to pay tax and NI just as you would on your wages.
My figures are likely to be incorrect because its a while since i did payroll and i only took 2 weeks off after giving birth so i didnt get any maternity pay.