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Wha does half pay actually mean?

Discussion in 'Pregnancy' started by sabby81, Mar 8, 2012.

  1. sabby81

    sabby81 New commenter

    I was wondering the same...and does the £128 approx go on top of this?? I just worked out (making up whole numbers here to make it easier) assuming £2000 a month normal salary after tax/NI/pension etc - 2000 * 12 = 24000. 24000 / 52 weeks = £461 a week at full pay; £415 at 90% pay; £230 at 50% pay. Just figured that this way, any extra few pennies will be a welcome bonus :)
  2. If only I earned that much! I will be on m5 and have the low tlr worth about £2600 I think. Just not sure how they calculate 50% pay and how tax and ni play a part in this calculation? Obviously I'm hoping that with the £135 weekly smp I won't be that much worse off!
  3. sunshinesarah

    sunshinesarah New commenter

    I was on M5 when i had my son 2 years ago. When i was on 50% i took home around £900 a month
  4. I've read this several times on here but can never find formal communication to support it to pass on to my HR/finance. As when I asked them about it they weren't convinced that this was feasible.... If anyone could post link I would be much appreciative... sorry to the OP for taking over your original post/question x
  5. I don't know where to find it formally as it was HR that told me. A few friends who have done it made sure I knew about it. Not sure if you can claim for two children once the second one is born; if so, it doubles SMP - roughly £500 SMP and £500 childcare vouchers!
  6. Thanks for this Jessie Daisy - very useful. Had to think about the 90% and 50% and then realised you type in 0.9 and 0.5 respectively as if you were part time. When you drop to half pay, i think you can then add approx £500pm as it is half pay plus SMP.
  7. Thanks so much everyone for answering, means I can plan effectively now. I've never even heard of childcare vouchers as I was studying when I had my first so the mother looked after baby. I shall do a bit of research into these!
  8. Extremely helpful information. I am now aware what I will take homw whilst on maternity leave.

    Thank you.
  9. Can't remember who mentioned it, but you only get one lot a childcare vouchers, however many children you have.

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