statutory maternity pay
statutory maternity pay (SMP)
A statutory benefit payable to a woman who takes maternity leave or stops working due to childbirth, provided she earns at least the lower earnings limit and has at least 26 weeks' continuous employment at the end of the 15th week before the expected week of childbirth (EWC). SMP is payable at two rates: the "earnings-related rate" (90% of her average earnings) for the first six weeks, followed by the "prescribed rate" set by the government for the relevant tax year (or the earnings-related rate if lower). Total SMP entitlement lasts 39 weeks or, if the EWC is before 1 April 2007, 26 weeks.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • statutory maternity pay — UK US noun [U] (ABBREVIATION SMP) LAW, HR, WORKPLACE ► money that must by law be paid to a woman during the time she is allowed to be absent from work in the weeks before and after she has a baby: »Mothers are entitled to statutory maternity pay… …   Financial and business terms

  • statutory maternity pay — SMP See maternity rights …   Big dictionary of business and management

  • statutory adoption pay — (SAP) A statutory benefit payable to employees who are eligible for ordinary adoption leave and provided they earn at least the lower earnings limit for national insurance purposes. SAP is paid by employers for up to 26 weeks at the same rate as… …   Law dictionary

  • statutory paternity pay — UK US noun [U] (ABBREVIATION SPP) LAW, HR, WORKPLACE ► money that must by law be paid to the father of a new baby while he is away from his job: »Most employees will be entitled to statutory paternity pay of £100 a week. → Compare STATUTORY… …   Financial and business terms

  • statutory paternity pay — (SPP) A statutory benefit payable to employees on statutory paternity leave provided they earn at least the lower earnings limit. SPP is payable for up to two weeks at the prescribed rate (or earnings related rate if lower) of statutory maternity …   Law dictionary

  • maternity pay — ➔ pay1 * * * maternity pay UK US noun [U] ► HR money that a woman is paid during the time she is legally allowed to be absent from work in the weeks before and after she has a baby: »Women will be entitled to maternity pay for 39 weeks. → Compare …   Financial and business terms

  • statutory maternity leave — (abbr. SMP) Maternity leave is governed by the Employment Rights Act 1996. All female employees who become pregnant are entitled to fourteen weeks maternity leave ( basic maternity leave ) and thereafter return to the same job. Those with two… …   Law dictionary

  • maternity pay — Payment made to a woman during maternity leave, consisting of statutory maternity pay and/or other payments made by the employer, either contractually or on an ex gratia basis (ex gratia payment). Related links ex gratia payment …   Law dictionary

  • statutory maternity benefit — UK US noun [U] LAW, HR, WORKPLACE ► money that a woman receives during the time she is legally allowed to be absent from work in the weeks before and after she has a baby: »With existing regulations, companies are required to pay statutory… …   Financial and business terms

  • maternity rights — in the employment law of the UK, a series of rights given to pregnant women. Statutory maternity pay is payable. Maternity allowance is a social security benefit if she cannot get statutory maternity pay. A woman who has worked right up to the… …   Law dictionary

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