Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Self Employed Maternity Allowances
jojoro_3
Posts: 2 Newbie
in Cutting tax
Hi, I just wondered whether anyone could help. I'm pregnant and due in March and am self employed. I have a certificate of exception for Class 2 NI so it looks as tho I'm only entitled to 90% of the Maternity Allowance Threshold of £30 i.e. £27 per week, which is what they will class my earnings as, even though my earnings are more than this. Can someone just confirm this is the case? Why is tax so chuffing confusing? Thanks!
0
Comments
-
I have never heard of 90% rule for self-employed persons, only for employed and I believe that you will get £30 per week for 39 weeks.
http://www.dwp.gov.uk/publications/specialist-guides/technical-guidance/ni17a-a-guide-to-maternity/maternity-allowance-ma/0 -
Hi, and thanks for your answer. It was on another DWP webpage
dwp.
gov.uk/publications/specialist-guides/technical-guidance/ni17a-a-guide-to-maternity/maternity-allowance-ma/rates-of-ma/ where it mentions the rate of MA at 90% of the MAT. If I claim MA I can't work for the weeks I'm claiming it, so there isn't much point in claiming it! I might as well just get saving. Great!0 -
Hi,
Depending on how much you earn could it be worth cancelling your small earnings certificate and start paying voluntary class 2 contributions which I believe is £2.50 a week to give you a the right to claim the much higher MA rate.
This article seems quite useful:
http://businessplusbaby.com/2010/09/08/self-employed-protect-your-right-to-maternity-allowance/?doing_wp_cron
If you cancel now you could still have 13 weeks of paying class 2 contributions without holding a certificate?
It maybe worth considering if the difference in weekly rate is £90.
Hope it helps.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179.1K Life & Family
- 264K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards