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SMP Take Home Pay Tax Calculation

9 replies

mefabgirl · 04/12/2019 13:54

Hi

Im sure this has been brought up before but i just don't get it. I've googled it and my pea sized brain can't work it out! Wish there was a simple calculator that could help you work out the take home SMP after tax and NI. Can anyone help work it out, as i am panicking im not going to be able to afford my mortgage and car when baby is born. I'm not with the father but he would be in the picture and i dont qualify for benefits! Sad

So baby is due 31st May 2020.
Tax Code 1244L
Monthly Pay £3029.17 before deductions, £2492 after deductions.
Roughly works out at £757 per week, £623 per week after deductions.

Based on the above how on earth do i calculate take home SMP, also note it will be 1 month into the new tax year.

Help!!! Thank YOU

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MintedLamb · 04/12/2019 14:08

www.gov.uk/maternity-paternity-calculator/y
Calculator here for SMP. To work out take home you'd need to check pension deductions or any other deductions from your pay.

mummy1214 · 04/12/2019 14:09

As far as I can remember the first 6 weeks you get 90% of your earnings then after that it's either £148.68 per week or 90% of your weekly earnings whichever is less. Unless of course your company enhances the SMP. Mine doesnt so I just get £148.68 per week.
I think that is right from what I remember looking in to x

mefabgirl · 04/12/2019 14:16

Hi yeah ive used the calculator, im just trying to figure out how i work out the take home pay after tax and insurance
Thanks

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mummy1214 · 04/12/2019 14:22

90% of the wage you have stated is £2726.25 so after tax etc I would imagine that's about £2148.65 (my maths is crap but think it's about that)

mefabgirl · 04/12/2019 17:31

@mummy1214

Yeah i roughly calculated the 90% salary at that too.

Just still trying to figure out what the take home pay would be of the statutory pay of £148.68 per week based on my tax/ni rates and the fact its one month into the new financial year

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BritInUS1 · 04/12/2019 17:39

Ask your payroll department for help

Albanyriver · 04/12/2019 17:42

maternity.money/
This has a calculator on it that you can personalise depending on your occupational and statutory pay entitlements.

clolo · 04/12/2019 17:46

This reply has been deleted

Message withdrawn at poster's request.

mefabgirl · 04/12/2019 21:25

Thank you all!Grin

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