Maternity Pay Increased!
There is now a new way to increase your partners Statutory
Maternity Pay (SMP) if she’s an employee of your company,
how?
Current Status
At the moment it is possible for you to increase your partners
average weekly earnings when they are due to go on maternity leave
and thus the SMP payable will also increase by paying a bonus in
the relevant period. However, this can now be taken further.
Reference Period
Average weekly earnings are taken from a period known as the reference
period which is needed for the calculation of SMP. Usually, this
is the eight week period ending on the last payday before the start
of the week that is fifteen weeks before the baby is due but this
can vary depending on the frequency with which the employee is paid.
Back Dating
Since 1996 any pay rise that is back dated to a time that falls
within the so-called reference period had to take into effect when
calculating average weekly earnings for SMP purposes, but pay rises
that were effective after that reference period were ignored. This
has changed.
Recalculate!
Since April 6th 2005 it has been necessary to recalculate average
weekly earnings each time a pay rise takes effect from the beginning
of the reference period to the end of the maternity leave period
as if the pay rise had taken effect from the start of the reference
period. This basically means that where average weekly earnings
rise as a result of the recalculation, the employer must pay any
additional SMP due. (Statutory Maternity Pay (General (Amendment)
Regs 2005).
If the recalculation means that the employee is now entitled to
SMP that she wasn’t previously then the employer must work
out 90% of the new average weekly earning, deduct the standard rate
of SMP from this (it is assumed the woman has been receiving maternity
allowance) and pay the difference as additional SMP.
Advice
Backdating a pay rise to just before the end of the maternity leave
period, or timing the maternity leave to end just after the annual
pay award is worthwhile. The employee will get more SMP at little
or no cost to the employer.
Remember to claim back the additional SMP through your monthly
PAYE figures. A small employer (total annual NI bill is below £45,000)
can recover all SMP paid and a handling supplement of 4.5%. Employers
who are over the threshold can still recover 92% of any SMP paid.
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