Hi all,
We are expecting our first baby this year :o and my wife will be dropping from about £25k/year to statutory maternity pay for a few months (~£130/week) then then possibly leaving work for a few years.
I feel lucky to be on about £40k/year (40% tax payer) but as a family we will take a massive hit on our total income when baby arrives and we go down to living off one wage.
I'm trying to plan our finances. Will we be entitled to any extra support when the time comes? (child beneft? tax credits?) Roughly, how much might we get?
Many thanks
We are expecting our first baby this year :o and my wife will be dropping from about £25k/year to statutory maternity pay for a few months (~£130/week) then then possibly leaving work for a few years.
I feel lucky to be on about £40k/year (40% tax payer) but as a family we will take a massive hit on our total income when baby arrives and we go down to living off one wage.
I'm trying to plan our finances. Will we be entitled to any extra support when the time comes? (child beneft? tax credits?) Roughly, how much might we get?
Many thanks