Help! Paternity pay 18 September 2013 at 12:21PM in MoneySaving dads 5 replies 2.7K views

obi1da

Hi,

I am in a funny situation, as I am leaving my current job when my wife goes into labour,but I will technically be employed by them for 2 more weeks while I get my statutory paternity leave

I then plan starting my new job a month later.

However statutory paternity pay is shockingly low, and I will then have another 2 weeks without any income, which is not a helpful way to start raising a baby. My wife hasn't worked for a while so she does not get maternity leave either

Is there anything anybody can think of to help me get some extra income during this 1 month period?

Thanks

Kayalana99

Hmm....I don't know if because she isn't working it still counts but I know that goverments pay maternity pay in some situations perhaps look into it?

You'd get tax credits and child benifits but it took 6 weeks for ours to get sorted as we had to register the baby and we couldn't get the appointment for 4 weeks after he was born, then obvouisly the paperwork has to be done...so that wouldn't be much help.

Can't you stay in your current job untill your new job has a start date? You could even just take the week off if your that short on money.

kittybangbang

Hello!

When is your baby due? Is there any chance you could save some extra cash from your current wage before you're due to go on leave, might mean a few sacrifices here and there. But would be worth it to try and get some money to tide you over for the few weeks (I'm assuming you have to work a couple more weeks before getting paid from your new job)

Also, will you get a final salary from your current job? I know that's usually paid in the next payroll run after you leave.

You could start asking around now, if there are any bar jobs/part time jobs that will help you raise some cash before the big day! Congrats by the way

paddedjohn

Can you bring the start date forward for the new job? Are you due any holiday pay when you leave your present job?

StuC75

Either save money in the meantime to build up a buffer to help through that lower earnings time..

Is there any reason why choosing to change jobs at that time? [Attention wise may not be a good idea to be starting a new job just as become a new parent?]..

Do you have any Annual Holiday that could be saved until then?

Ive found in the past, that just because Paternity Leave \ Pay is available , its not financially wise to take it.. so have used alternatives such as Annual Holiday.. as basically paternity offering have been just a step up from Unpaid leave..

Have you already given notice?

jackieblack

obi1da wrote: »

I am leaving my current job when my wife goes into labour,but I will technically be employed by them for 2 more weeks while I get my statutory paternity leave
I then plan starting my new job a month later.

How do you know exactly when your wife is going to go into labour?