Getting statutory maternity pay in advance

October 13, 2015

If you are 1-2 person limited company and one of you is about to have a baby you can claim back statutory maternity pay.

Statutory maternity pay is paid as follows:

90% of your average weekly earnings for the first 6 weeks

The remaining 33 weeks is paid as £139.58 or 90% of your average weekly earnings, whichever is lower.

If you have tax affairs structured correctly, your salary will be £10,600 (the rest is paid as dividends).

The way it will work is that your company pays you and then then the company claims it against the monthly PAYE/NI bill (if you don’t have other employees, it will be refunded).

But there is a way to claim the whole payment in advance which is much better for your cash flow.

If you are interested in this, have a look at the link below…

0113 337 2130

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