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SMP payments after tax and national insurance

2 replies

Username1233 · 13/06/2023 16:37

I am SO confused and would really appreciate some help. How do I work out what my take home will be after tax and national insurance from my SMP payments? I have made a massive underestimation in my savings account as totally forgot to account for tax and national insurance (I could cry, well actually, I am!). My maternity leave has already started, and I'm 9 days postpartum so maybe totally over emotional anyway. Have attached a picture of my monthly SMP payments before any deductions. My tax code is 1263L. I am in a commission paid job so my monthly payments are never the same (if that makes a difference).

SMP payments after tax and national insurance
OP posts:
CatsOnTheChair · 13/06/2023 16:54

Looking at thise figures, you may get a tax rebate.

batmansbike · 13/06/2023 16:56

If your tax code is cumulative, you can earn £1030 a month on your tax code tax free. Therefore from august onwards you shouldn't pay tax and may receive some refunds if you're on a cumulative code.

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