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Buttersmum 
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 Topic: paid parental leave
Posted: 09 February 2010 at 10:07am |
Hi there
Im just starting to plan a budget for when I go on maternity leave and was just wondering how much are the payments of paid parental leave (the full amount) after tax??
If you don't want to post on here feel free to pm me
Thanks 
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 my little blobby April 09 "gone but will never be forgotten xx"
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Nothing
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Joined: 05 June 2009
Location: Nelson
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Posted: 09 February 2010 at 10:19am |
This is the info off the IRD website.
http://www.ird.govt.nz/yoursituation-ind/parents/parents-paid-parental-leave.html
It depends on how much your normal pay is, if you normally earn under the maximum amount then that is all you will get, and if you normally earn over then be prepared to have less money coming in. Hope this helps
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kabe
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Posted: 09 February 2010 at 10:21am |
I think it's a maximum of $429.74 per week before tax, depending on your salary. Check out this link to see what you qualify for;
PPL
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AandCsmum
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Posted: 09 February 2010 at 10:47am |
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I got the full amount and in the hand it was about $337 I think a fortnight. Be aware they don't take student loan off that so you might have to pay some tax at the end of the year.
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Kel
A = 01.02.04 & C = 16.01.09 & G = 30.03.12
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Buttersmum
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Posted: 09 February 2010 at 11:06am |
Ok so finally got through to IRD.......weird phone system lol and for those others that might want to know............
If you don't have any student loans etc and normal tax code M it is $355.08 per week after tax.
Right now to work out the budget..............  lol
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my little blobby April 09 "gone but will never be forgotten xx"
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Emmi_
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Posted: 09 February 2010 at 11:10am |
Sh!t Lisa, when did you get to be 18 weeks!!! 
I just worked out our budget a few weeks ago, scary things arnt they!
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Buttersmum
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Posted: 09 February 2010 at 11:13am |
haha Emmi I know..........time is flying by especially when you count the pay packets til D Day!!!!
Yes its getting abit scary but I think we will manage especially if I can breastfeed and give cloth nappies a decent go!  
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my little blobby April 09 "gone but will never be forgotten xx"
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MindyW
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Posted: 09 February 2010 at 11:21am |
Gosh, it is getting a bit scary financially!
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ohanlon82
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Posted: 09 February 2010 at 11:48am |
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I just got my break down for the PPL..
It is a little scary.
We did our budget about 2 weeks ago - we will be ok but it is the unknown that always scares me
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lostAmber
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Posted: 09 February 2010 at 12:06pm |
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And if you're not working prior to conceiving yet DH is and is earning over the threshold, do you qualify for anything?
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cuppatea
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Posted: 09 February 2010 at 12:16pm |
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Yep you can get the parental tax credit which is $1200 (and I think tax free) if you search parental tax credit on the IRD site it will bring up the info for you.
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Buttersmum
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Posted: 09 February 2010 at 12:22pm |
Wish my DH would earn over the threshold plus some!! haha
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my little blobby April 09 "gone but will never be forgotten xx"
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lostAmber
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Posted: 09 February 2010 at 12:34pm |
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thanks cuppatea.
and to be eligible for PPL you have to be employed for a period of 6 months or more right?
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0mrs0ana0
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Posted: 09 February 2010 at 12:49pm |
I'm freaking out about budgeting for baby.
Our company (not sure if others are the same) make you take all your annual leave owing to you, I've worked out that I will have 5-6 weeks owing, then 14 weeks PPL.
I'm planning on heading back to work after 6 months, not because I want to but because we have too many bills owing, plus we've nearly saved enough for a house deposit.
So we're going to be down to 1 income for 1.5-2 months, scary to think.
Although I am grateful we do get something nowadays, even if it is only $355!
 cuppatea wrote:
Yep you can get the parental tax credit which is $1200 (and I think tax free) if you search parental tax credit on the IRD site it will bring up the info for you. |
How does this work? I've heard you can get this credited with your pay rather than a lump sum?
You have to notify IRD of this for them to start payments don't you?
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Nothing
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Posted: 09 February 2010 at 1:10pm |
You can either get PPL or Parental tax credit (lump sum) you do not get both. To get PPL you must have been working for at least 6 months in your job to qualify for the 14 weeks. If you have worked for 12 months then you can get the 14 weeks plus up to 52 weeks unpaid leave. The Parental tax credit is mostly claimed by SAHM who are having their 2nd, 3rd etc children, as on PPL at the full amount after tax its around about $6000 or so. Hope this helps
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Babykatnz
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Posted: 09 February 2010 at 7:12pm |
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Just a side note, the 52 weeks includes the 14 paid weeks, its not additional.
And if you are already on the student loan tax code, they will tax your PPL payments accordingly.
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Brandon - 05/12/2003  
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hannibal
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Posted: 09 February 2010 at 9:20pm |
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When I found out I was pregnant (was almost at the end of 1st trimester) I set a goal of saving extra amount each week and putting away and I also had about a month of leave owing as well so that helped. Also I brought extra at the supermarket when I could (and things where on special) like toothpaste, soap powder and the likes and put away so it wasn't too hard on the grocery bill when bubs come along.
Edited by hannibal
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slink235957
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Joined: 15 January 2019
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Posted: 20 February 2019 at 8:20am |
it really depends on the state you're from. However, if you will need money, you can take a small loan. It is better to do it online. I would recommend paperless-loan.com for it. This company is quite reliable and has good customer service.
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Rachel248052
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Posted: 14 May 2019 at 3:58pm |
I understand you situation, little baby needs a lot of things and it's not so cheap. Try to search some ways of earning money online like me. Personally, I'm getting them thanks to cryptocurrency and bitcoin laundry. It's very easy and popular nowadays, you probably have already heard about it. Good luck.
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paid parental leave
