Hi all,
i am being made redundant on 27 March 2023, the company is ceasing trading. Therefore the payroll have advised I will get my SMP in a lump sum in my last pay 30 March.
what I am worried about is I wanted to start my SMP 1st May(even before redundancy), therefore my entire maternity period May 23 to March 24 I won’t earn enough for tax.
If it is being paid in the 21/22 tax year I am worried I will be heavily taxed and won’t get that money refunded. It’s not my choice to be paid in March or get it in lump sum. I just really hope I’m not penalised.
the SMP calculators don’t help as I don’t know if that gross or net!