Tax Credits - estimating earning whilst on SMP

Gandalfthegrey

Hi all

Im just thinking ahead and trying to work out our tax credits for next tax year... so anyway here is my question:

I heard recently that when you are calculating your earnings for the year and you are on statutory maternity pay you can disregard the first £100 per week, every week that you receive it for? Is that correct?

My situation:
I started maternity leave on the 9th of this month. I am only part time and earn £6765 per year.
For the first 6 weeks of maternity meave I will receive 90% pay and then it goes to either £126 per week or 90% of earnings (whichever is lower) so I will continue to get 90% of my earnings per week as that is lower than £126.
I usually take home £544 per month net, so 90% of that is around £490 per month. Thats roughly £113 per week.
So when it comes to estimating my income for next tax year, is it correct that I would only state £13 per week? (for remainder of maternity entitlement)

Hope my question makes sense!

Thanks

mrsspendalot

Yes, basically.