Congratulations. Always claim child benefit when you have a child. It gets you the money and you get NI credits even if you aren't working. You should also claim it even if you have to pay the benefit back due to you or your husband earning more than £50k, so that you get the NI credit for pension purposes. There is also a box on the form you can tick to say you don't actually want the cash as your husband or you're earning too much but you want to claim.
@@FinanceDee Yes. Say your hubby earns £60k and you're not earning. You're going to have to pay back all you get in child benefit but you don't pay back the NI credit that you've been given.
@@FinanceDee Congratulations Dee! The video is a great overview of what to expect when planning for maternity. I would just clarify that you only get the NI credits if you are unemployed or do not earn enough to make a qualifying year.
Aha!! That makes sense because I still couldn’t find how it would be relevant to us. Hopefully someone else can use this info. And many thanks for your congratulations 😊
Aw, congrats Dee!!!! I pray you have a safe delivery and rest of your pregnancy 🙏🏽 I'm not pregnant yet but I've also been saving aggressively for maternity leave as my new company's policy isn't great at all, so a very timely video for me!
I work 24 hours a week only and I asked our HR dept to give me a detailed explanation about my pay for the first 6 weeks as it didn’t seem right. I got this calculations explanation from HR, is this at all correct? So the relevant earnings period to get her 90% is from the 11/12/22 - 10/02/23. Her weekly average earnings are £246.16 per week. This is then divided by the 7 days per week to give a daily total of £35.165. 35.165 multiplied by the 3 days is £105.497 90% 105.497 is 94.95 which she is receiving.
The only thing I don’t get is why they divided it by 7 days and not 5, as a working week is 5 days surely? So shouldn’t it be £246.16/5 = £49.23? Or do you have the ability to work 7 day weeks in your job? What industry is this?
Wow. Great video. Please my wife Has been working with the NHS as a band 5 nurse for the past 12 months. Now she is 4 months pregnant. She got a new job as a Band 6 Senior staff nurse with ANOTHER NHS. Please i want to know will she be entitled to the Maternity pay and leave?
Hello 😊 The only way she will know if and what she is entitled to is to contact the HR at her current place of work. Now she’s 4 months pregnant now is a good time as by 25 weeks pregnant the latest she has to tell the employer she’s pregnant anyway to qualify for whatever maternity package they have.
Hey may I ask that I started job in march 2023 and my due date on 3rd September 2023 when I can apply for maternity pay?? I am still working may be I will work till August..
Congratulations to you! On the citizens advice website it says you can apply for SMP if “you work for your employer in the 15th week before your baby is due and have worked for them for at least 26 weeks before that” AND “your average pay, before tax, is at least £123 a week” Best thing to do is speak to your companies HR as well, they should be able to help 😊
Ok you can probably qualify for ‘maternity allowance’ instead then. I don’t think you would need to do this through your employer. Have a Google search to look into it 😊
Congratulations. Always claim child benefit when you have a child. It gets you the money and you get NI credits even if you aren't working. You should also claim it even if you have to pay the benefit back due to you or your husband earning more than £50k, so that you get the NI credit for pension purposes. There is also a box on the form you can tick to say you don't actually want the cash as your husband or you're earning too much but you want to claim.
Thank you so much for this. Does this still stand if you earn over £60k though? It doesn’t seem like it.
@@FinanceDee Yes. Say your hubby earns £60k and you're not earning. You're going to have to pay back all you get in child benefit but you don't pay back the NI credit that you've been given.
Wow great to know! Thank you. Going to pin this comment 😊
@@FinanceDee Congratulations Dee! The video is a great overview of what to expect when planning for maternity.
I would just clarify that you only get the NI credits if you are unemployed or do not earn enough to make a qualifying year.
Aha!! That makes sense because I still couldn’t find how it would be relevant to us. Hopefully someone else can use this info. And many thanks for your congratulations 😊
Congrats Dee, it takes a lot of planning to get through maternity leave but from personal experience it's all worth it
Thank you so much! Glad to hear you found it worth it. I would like to imagine it certainly will be 😊
Congrats Dee and Hubs. Children are always a blessing, even though they cost a bit.
Thank you! Absolutely. An expensive blessing ☺️
Aw, congrats Dee!!!! I pray you have a safe delivery and rest of your pregnancy 🙏🏽 I'm not pregnant yet but I've also been saving aggressively for maternity leave as my new company's policy isn't great at all, so a very timely video for me!
Thank you so much!! 😊 You’ve got the right idea to prepare for it especially knowing your company’s mat leave isn’t great.
Many congratulations. Thank you for educating me on the importance of financial investment and compound interest.
Thank you so much! So glad I could be a part of improving your finance journey in some way 😊
Biggest congrats to you and your family!
Thank you ♥️
congratulations to you both. This is a great video, so helpful; as I am expecting my baby in a few months.
Congratulations to you too 😊 hope all goes well with your planning!
Eyyyyy. Congrats dee 👏
Much appreciated ☺️
Also planning for childcare costs if/when you return to work x
Yes that’s a whole other topic for another video 😅
Congratulations! Im having a December baby too. ❤
Oh wow that’s awesome!! Congratulations to you too 🥰
congratulations Dee!🥳
Thank you ☺️
I Missed this video sorry Dee. Congratulations, blessings to baby, you and your hubby❤️
No apologies needed! Thank you so very much for your well wishes ❤️
Congratulations. I had a feeling a few months ago as you were looking rosy, but I dare not mention it as you never know ppl’s situation.
Haha aww thank you 😊 I totally get why you didn’t ask - much appreciated!
Congratulations, Dee!
Thank you ♥️
Many congrats Dee. Great content as always 👏
Thank you ☺️
Thank you! So helpful
♥️
This was so helpful! Thank you. following 🎉
So glad you found it helpful 😊
Congrats Dee and lovely video
Thank you 💕
Loved it. Thank you
I work 24 hours a week only and I asked our HR dept to give me a detailed explanation about my pay for the first 6 weeks as it didn’t seem right. I got this calculations explanation from HR, is this at all correct?
So the relevant earnings period to get her 90% is from the 11/12/22 - 10/02/23.
Her weekly average earnings are £246.16 per week.
This is then divided by the 7 days per week to give a daily total of £35.165.
35.165 multiplied by the 3 days is £105.497
90% 105.497 is 94.95 which she is receiving.
The only thing I don’t get is why they divided it by 7 days and not 5, as a working week is 5 days surely? So shouldn’t it be £246.16/5 = £49.23?
Or do you have the ability to work 7 day weeks in your job?
What industry is this?
Many congrats
Thank you 😊
Congratulations 🥳
Congratulations 💖 xx
Thank you 💕
Congraaaaaatulations!!
Thanks lovely! Hope you’re well xx
Congratulations!
Thank you 😊
Very informative
Wow. Great video.
Please my wife Has been working with the NHS as a band 5 nurse for the past 12 months. Now she is 4 months pregnant. She got a new job as a Band 6 Senior staff nurse with ANOTHER NHS.
Please i want to know will she be entitled to the Maternity pay and leave?
Hello 😊 The only way she will know if and what she is entitled to is to contact the HR at her current place of work. Now she’s 4 months pregnant now is a good time as by 25 weeks pregnant the latest she has to tell the employer she’s pregnant anyway to qualify for whatever maternity package they have.
That's why you have been away! Congratulations 🎊
Haha yes! Thank you very much 😊
Hey may I ask that I started job in march 2023 and my due date on 3rd September 2023 when I can apply for maternity pay?? I am still working may be I will work till August..
Congratulations to you!
On the citizens advice website it says you can apply for SMP if “you work for your employer in the 15th week before your baby is due and have worked for them for at least 26 weeks before that” AND
“your average pay, before tax, is at least £123 a week”
Best thing to do is speak to your companies HR as well, they should be able to help 😊
@@FinanceDee thank u so much.. but I will complete 26 weeks in August. Or due date is September may be I'm not eligible
Ok you can probably qualify for ‘maternity allowance’ instead then. I don’t think you would need to do this through your employer. Have a Google search to look into it 😊
@@FinanceDee thank u dr.. have a great day