Small Business Accountants

What is Statutory Maternity Pay?

Statutory Maternity Pay (SMP) is the minimum amount a UK employer must pay a qualifying employee taking maternity leave. It is paid for up to 39 weeks: the first six weeks at 90% of average weekly earnings, and the remaining 33 weeks at £194.32 or 90% of earnings, whichever is lower. The employee must meet the 26-week service and £129 weekly earnings tests.

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What is Statutory Maternity Pay? - GoForma Small Business | UK Accountants & Tax Advisors
This article is part of our Small Business Accounting guide — your essential resource for running a small business.

<p>Statutory Paternity Pay is the amount of money that must by law be paid to the mother of a new baby while she is away from her job.</p>

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