Tax and insurance on SMP

Discussion in 'Third Trimester' started by Kelly450, May 24, 2013.

  1. Kelly450

    Kelly450 Well-Known Member

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    Will I have to pay this? My tax year is april to april and I am getting SMP until mid April next year..

    My years wages will be less than the 10k income limit for this year because of this. So anyone know if ill be tax free?

    Just wanna start preparing.. lol xx

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  2. Vicm

    Vicm Well-Known Member

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    The standard tax code this year (from 6 April 2013) is 944L. Anything over £9445 is liable to 20% tax.
     
  3. Kelly450

    Kelly450 Well-Known Member

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    Really then that means SMP will be tax free! :) thanks x

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  4. littlemonkey

    littlemonkey Well-Known Member

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    Just check about national insurance contributions. I'm not sure if it's different to tax. Also if you pay into a work pension this also has to be paid.
     
  5. Kelly450

    Kelly450 Well-Known Member

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    Oh ok. NI is not a lot anyway i don't think. And i don't pay into a pension yet. That starts at 23, so will be when i return. Thanks ladies x
     
  6. Frankie_Lou

    Frankie_Lou Well-Known Member

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    I didn't pay any tax or nationl insurance on my smp as it comes below the approx £180 per week you can earn before paying any. In fact I got about £5 per week paid back from the tax man as I'd paid too much before smp. That's on basic smp though so if you have any set of maternity package of being paid any extra then it could be different x


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  7. Kelly450

    Kelly450 Well-Known Member

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    Oh thats true. I forgot about the 6 weeks full pay. Thats actually such a bonus as my tax is never that much. :) xx

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