How to Survive on MATERNITY Pay | Statutory maternity pay

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  • čas přidán 3. 06. 2024
  • Getting nervous and want to know HOW TO survive MATERNITY PAY? Well this video should have the answers you are looking for! I go into detail about how maternity pay works in the UK including statutory maternity pay and employment rights. So watch this video for top tips for maternity leave.
    This channel is dedicated to educate people about personal finance. I talk about how to save money, how to budget, how to make money, investments and much more.
    00:00 Introduction
    01:11 Topics covered
    02:24 What might happen
    04:26 Statutory maternity pay
    06:19 What actions YOU can take
    14:24 Where to get more support
    15:50 Outro
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    LINKS
    My Bump Pay:
    mybumppay.com/
    Gov:
    www.gov.uk/maternity-pay-leave
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Komentáře • 12

  • @emmaramsay5585
    @emmaramsay5585 Před rokem +3

    Me and my partner knew we wanted children early in our relationship, we had a separate maternity savings account which we used to support my year off, we had saved enough to take my monthly wage from the savings account, we saved the maternity pay & it went into a savings account for that child. I did have a good maternity package too!
    We’re doing the same for baby number two!

  • @metotme9761
    @metotme9761 Před 3 lety +1

    Thanks for all this info

  • @JessicaCheape
    @JessicaCheape Před 2 lety +3

    Really knowledgable video with easily digestible chunks of important information. I also love the old school Harry Potter books in the background! 😊

    • @LookingAfterYourPennies
      @LookingAfterYourPennies  Před 2 lety +2

      Thank you so much! The books were a steal, I got them for A-QUID-EACH, yeah.. a quidditch joke.. sorry I'll let myself out.

    • @JessicaCheape
      @JessicaCheape Před 2 lety

      @@LookingAfterYourPennies I’m here for it!! 🤣

  • @yasmin6058
    @yasmin6058 Před 2 lety +5

    Why is maternity leave so low in the UK, it’s terrible. Fingers crossed it will be alright

    • @LookingAfterYourPennies
      @LookingAfterYourPennies  Před 2 lety +1

      I've seen much more supportive systems from other countries, it's a shame it's how it is in the UK.

    • @meganalice93
      @meganalice93 Před rokem

      Not as bad as America. I cry when I see how little they get. Even if baby is premature x

  • @AshleahGaming
    @AshleahGaming Před 2 lety +1

    I’ve been on sick leave for 5 weeks and I’m due in September, I’m hoping to go back but I’m now worried about what my average earnings will be, currently my weekly earnings are £350 a week but where I was on sick pay my pay dropped to £300 for the month. Will I end up screwed if I end up needing to be off sick for longer

  • @leecaddick8502
    @leecaddick8502 Před měsícem

    Hi. Do u get taxed on smp? Or is the 736 a month your bring home?

  • @cunliffest
    @cunliffest Před 3 měsíci

    I spy Harry Potter books 📚 😂
    Did you put money into savings on mat leave? What percentage is reasonable?