Shared Parental Pay Formula:
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Shared Parental Pay (ShPP) is a statutory payment in the UK for eligible parents who share childcare responsibilities. It allows parents to share up to 50 weeks of leave and 37 weeks of pay following the birth or adoption of a child.
The calculator uses the ShPP formula:
Where:
Explanation: The payment is 90% of your average weekly earnings, capped at the current statutory maximum of £187.18 per week.
Details: Calculating your expected ShPP helps with financial planning during parental leave, ensures you receive the correct statutory payment, and helps you understand your entitlements under UK employment law.
Tips: Enter your average weekly earnings in GBP. The amount must be greater than zero. The calculator will determine your weekly ShPP amount based on the current statutory rates.
Q1: Who is eligible for Shared Parental Pay?
A: To qualify, you must meet specific employment and earnings criteria, share responsibility for the child with your partner, and give correct notice to your employer.
Q2: How long can I receive ShPP?
A: Eligible parents can receive ShPP for up to 37 weeks, which can be taken in separate blocks if agreed with your employer.
Q3: What counts as average weekly earnings?
A: AWE is typically calculated based on your earnings in a specific reference period before the expected week of childbirth or adoption.
Q4: Can both parents claim ShPP simultaneously?
A: Yes, both parents can be on ShPP at the same time, but the total shared leave and pay periods cannot exceed the maximum entitlement.
Q5: How often are ShPP rates updated?
A: Statutory payment rates are typically reviewed and updated annually in April each year.