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Maternity Pay Two Jobs

3 replies

ATH2015 · 11/11/2024 11:41

Hello,

Is there anyone who could please help me understand how tax, NI and pension contributions are worked out during maternity leave please?

I’m entitled to statutory maternity pay from both jobs - earning £22000 from one with a tax code 1257L and the other £7300 with a BR tax code.

I’ve worked out the SMP amounts on the gov website but cannot get my head around the tax contributions etc.

I just want to get a rough idea of how much I’ll be taking home so I can figure out how much leave I want to take.

Thank you!!

OP posts:
ByQuaintAzureWasp · 11/11/2024 11:44

Bag of fag packet calculation, you can earn £1000 per month. Any more you will be taxed on.

You could ask your employer fir a salary projection spreadsheet for when you areikely to be off.

Kaleidoscopic101 · 11/11/2024 19:00
  1. Basic pay minus off the pension contribution, if you know what this is? E.g. 6% or something like that? This gives you your pensionable pay.
  2. Pensionable pay minus off £12570 (the amount you can earn before tax) x 20% gives you your tax deduction.
  3. Pensionable pay minus off £12570 (the amount you can earn before paying NI) x 12% gives you NI deduction.
  4. Basic pay minus pension (1.) minus tax (2.) minus NI (3.) = net pay.

You can then divide these by 52 for weekly or 12 for monthly amounts.

If paid monthly, bare in mind some pay 4 weeks SMP and some months pay 5 weeks so each month can fluctuate in amounts. If paid weekly, the amount will remain the same.

MikeRafone · 11/11/2024 19:17

if you want to work out pay then calculators can do that for you

listen to the tax man

is fairly good

input your pay and pension - then ht the button

you'll need to do this twice and add together

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