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Childcare vouchers during mat leave
Hi ladies,
Does anyone get these? We get ??243 a month of my salary paid into the scheme. Anyway, a friend yesterday told me that my employers have to continue to pay this into the scheme when I go down to SMP, so basically I would get SMP + this ??243.... This doesn't sound right to me, does anyone know?!!
Xx
Does anyone get these? We get ??243 a month of my salary paid into the scheme. Anyway, a friend yesterday told me that my employers have to continue to pay this into the scheme when I go down to SMP, so basically I would get SMP + this ??243.... This doesn't sound right to me, does anyone know?!!
Xx
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Replies
Hope this helps.
Hope you dont mind but I have emailed you a question just about what you said about suspending my payments! Wasn't sure how often you come on BE & I'm 18 weeks on Tuesday!
Thanks so much for the information!
Ruth xx
If you speak with your childcare voucher provider, they will know about this.
For some people it wont matter, esp if you earn enough and you're only getting SMP but for others whose companies offer additional pay in excess of SMP then you don't want to reduce your salary over than time period when your average pay is worked out.
I get 100% of pay for 1st 20 weeks then smp of 120 a week until 39 weeks. Do I still need to cancel my childcare vouchers between 17 and 22? Also I am paid monthly so how do I do it so I am only cancelling those weeks?? Also wont my work just carry on paying me as they did before maternity upto 20 weeks? Sorry for all the questions but I am only 10 weeks so trying to keep quiet from work and have to cancel my payments at least 4 weeks in advance and dont think this will be possible if we get a late 12 week scan ie 14 weeks. lol
Too much to think about but I would really like to make the most of this!TIA
xx
its all to do with the period they calculate your pay on - which i think is an average of the two months before the relevant week which is week 25. on my childcare scheme, i can go online and make changes to my salary sacrifice, and as long as you get the timing right, i don't think you need to give too much notice. i am too scared to do it though, as i am a higher rate tax payer, and i know if you stop your arrangement and re-start, you no longer get higher rate tax relief and i don't want that to happen.
hope this helps - someone can probably give you a bit more of a definitive answer than this!
Fancy seeing you in here!
From what I can make out when you go down to SMP only then they pay your contributions for you as well as SMP, but before that the ??243 will come out of the pay you get on top of your SMP...?
Hope you're feeling well hun!!
Xx
Paying SMP
No contractual agreements can exclude, limit or otherwise modify SMP payments due. Therefore any SMP payable must be paid in full and in cash, for up to 39 weeks, regardless of any contrary contractual arrangements. In particular, the SMP payable cannot be further reduced by the terms of a salary sacrifice arrangement
I have looked into this a lot, as the payroll where I work seem to think they can deduct ??243 from my SMP, but its not correct, so I know Im in for a long battle with them, so am already getting prepared.
Dxxx
Btw -so excited to be on here!!! Xxx
So exciting to see you on here Feebs!!! You'll have to get a ticker up xxx
ticker - up!!!!
xxx