Hi,
I have just received my maternity pay gross breakdown from my employer (NHS) but I've really confused myself with trying to work out the net.
I start maternity leave in 2 weeks.
I am mid point band 7, working full time.
I tried putting each monthly payment into an after tax calculator but I don't think that's accurate as it assumes that monthly income is consistent of an annual income which it obviously isn't, so for several months it has me paying no tax which can't be right because over the course of this tax year I've obviously still already earned enough to pay tax normally.
So then I tried just basing it off of what I currently pay; currently my net income is 31% less than my gross income after tax, NI and pension (no student loan) so I just deducted 31% from each payment but that made it considerably lower (obviously) and now I'm really confused about what to actually expect and don't feel any better informed than if I never had the gross breakdown.
Can anyone who understands it all help me please?