SHARED PARENTAL LEAVE
It is likely over the coming months more and more people will begin to seek guidance on the issue of Shared Parental Leave (ShPL).
Whilst the scheme itself is not new (introduced April 2015), the government are making a concerted effort to increase awareness. This is because of so few individuals choosing to take up the scheme in recent years.
What is ShPL?
Your Tax Shop, Tameside would like to make people aware that ShPL allows eligible parents to share a maximum of 50 weeks leave between them to care for their child. ShPL grants parents greater flexibility to divide the allocated time between themselves. This allows them to choose to spend time off with their child together. Alternatively, one parent spending time caring for the child alone whilst the other returns to work.
What will you be paid?
During the period of leave, eligible parents will be entitled to Shared Parental Pay (ShPP) currently set at £145.18 per week. It is important you understand that ShPP does not cover the entirety of the leave period. Instead, parents are entitled to a maximum of 39 weeks of paid leave minus any weeks paid as Statutory Maternity or Adoption Pay.
What are the benefits?
Here at Your Tax Shop we believe the scheme looks to provide greater equality amongst parents, allowing mothers the possibility to return to their careers earlier. Also whilst giving fathers or partners the opportunity to take a greater share of the childcare. Please be aware that not everyone will be eligible to take part in the scheme.
What are the requirements?
For an employee to be eligible they must at least meet the following requirements:
- They must share responsibility for the child with either; their husband/wife or joint adopter; the child’s other parent or their partner.
- They must have worked for a continuous period of at least 26 weeks by the end of the 15th week before the due date (or the date they are matched with their adopted child).
Do you have any questions or want to find out more?
Speak to one of our friendly tax advisors at one of our offices in Tameside:
Ashton office – 0161 339 5689
Mossley office – 01457 837744