PARENTAL PAY

Maternity pay

When you join the LLP, your statutory employment rights as an employee are carried over and replaced by a mix of statutory and contractual rights. Therefore, if you were eligible for statutory maternity pay when employed, the LLP will ensure that you receive the same amount of maternity pay you would have had in your employment when you become a member of the LLP.

As you’re taxed through Self-Assessment, the process of applying for Maternity Pay is slightly different. You must fill out a Maternity Allowance form. Don’t worry, we will help prepare this form for you. One other difference to be aware of is that whilst Statutory Maternity Pay (for those taxed through PAYE) offers the first 6 weeks of Maternity Pay at 90% of your weekly earnings or £145.18 (whichever is higher), then the remaining 33 weeks at £145.18; Maternity Allowance offers £145.18 a week for the full 39 weeks.

However, the LLP will top up the first 6 weeks of your pay to ensure that you still receive the statutory amount.

See example calculation below:

 

Paternity pay

As with Maternity Pay, new fathers are still entitled to their two weeks of statutory paternity pay when in the LLP. There is no Paternity Allowance form to fill out. Statutory Paternity Pay is £140.98 a week.



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