The New Year seems an appropriate time to think about new babies, so here we consider some money matters you might need to think about.
Statutory maternity pay v maternity allowance
Eligibility for statutory maternity pay (SMP):
- Earning at least £118 a week
- Give appropriate notice to employer with proof of pregnancy
- Have worked for your employer continuously for at least 26 weeks continuing into the ‘qualifying week’ (15th week before the expected due date)
So, this will apply to most salaried GPs. You will get 90% of your average weekly earnings before tax for the first 6 weeks and £148.68 per week (or 90% of earnings if that would be a lower figure) for the next 33 weeks.
