Paying Tax on Maternity Pay??
Hello - I wonder if anyone can help. I'm just trying to work out what we should be paying tax & national insurance wise on our maternity pay??? I am only getting statutory pay from my work and i know my january pay must have been wrong...
I started maternity leave on 1st December so got 6 weeks at 90% and then ??126 thereafter. So in Jan I should have been paid approx 2 weeks at 90% and then 2 weeks at ??126 which for me would roughly mean ??1150 (before tax etc) but what I actually got in my bank account was a mere ??373!! Now i know i shouldn't be paying out nearly ??800 in tax for that amount and have emailed my work to look into it but I'm worried that something similar is going to happen when i get paid again this month?
Does anyone know the rules? I know everyone gets a basic allowance and in this tax year i've already gone over that so do i continue paying 20% tax on mat pay? Also i pay the student loan company back ??90 a month as i earn over the 15k threshold so do i have to continue to pay this too???
Any help appreciated! xxx
I started maternity leave on 1st December so got 6 weeks at 90% and then ??126 thereafter. So in Jan I should have been paid approx 2 weeks at 90% and then 2 weeks at ??126 which for me would roughly mean ??1150 (before tax etc) but what I actually got in my bank account was a mere ??373!! Now i know i shouldn't be paying out nearly ??800 in tax for that amount and have emailed my work to look into it but I'm worried that something similar is going to happen when i get paid again this month?
Does anyone know the rules? I know everyone gets a basic allowance and in this tax year i've already gone over that so do i continue paying 20% tax on mat pay? Also i pay the student loan company back ??90 a month as i earn over the 15k threshold so do i have to continue to pay this too???
Any help appreciated! xxx
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becca and jacob