I am currently trying to get pregnant with my partner. We've been trying for 5 months, no luck yet but fingers crossed!
I wantnto be financially prepared. I work for a private company and they just give you, what I understand to be, the statutory minimum for maternity pay. So I think I get 6 weeks full pay, after that its just statutory maternity pay which I think is £500 a month? I've been working full time for this company for 6 months and earn £50k so am pretty sure that's what I would get in statutory pay.
My partner earns a lot lot less than me, so I can't rely on his income to support us whilst I'd be receiving statutory pay. I have the means to save up quite a bit of money now with my wage, so I guess I wanted advice on how much people think isn't good lump sum to save up in advance so I could be on maternity leave for at least 9 months. I was thinking about £10k but then wondered if that was sufficient? We are not big spenders, our only major outgoing is the mortgage which is £500 a month.
Does anyone have any thoughts or recommendations on an amount to aim for in savings?
Also be interested to hear how long others go on maternity leave for and what length of time you recommend.
Please or to access all these features
Please
or
to access all these features
Chat with other users about all things related to working life on our Work forum.
Work
How much should I save up?
6 replies
EdnaGold · 15/02/2013 17:41
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.