Financial implications of Pregnancy & Leaves

M

micheller

Registered User
Messages
350
Hi All,

I'm trying to do some prep work on the things I need to keep on track with regarding Pregnancy & the types of leave associated, in order to ensure that all my financial affairs are sorted to the best possible level.

So far this is my list-can anyone offer any advice or advice on anything I've missed? Also it's for twins, so anything I'm not aware of please let me know....

- Apply for state Mat Benefit between 6-16wks before leave.
- Apply for state PRSI Credits for Mat Leave,Unpaid & Parental Leave.
- Transfer remaining tax credits to partner for duration of leave periods.
- After: apply for child benefits; benefit, one off and twin payments.
- After: registration of births: is this all thats required for them to have
their own state records/ PPS Number etc.?
- Anything else state related?

- Check Private personal & employer Pension Contribution options.
- Check VHI Cover options with Employer.
- Rectify all employment tax/ deductions etc. when returning to work.

Thanks in advance ,
Micheller.
 
micheller said:
- Apply for state PRSI Credits for Mat Leave,Unpaid & Parental Leave.
Click to expand...
This should happen automatically once you claim MB. Check the SW site.
- After: apply for child benefits; benefit, one off and twin payments.
- After: registration of births: is this all thats required for them to have
their own state records/ PPS Number etc.?
Click to expand...
These should also happen automatically if it is a hospital birth. The hospital should take care of registration of the birth and if I recall correctly they or the registrar's office will contact SW about CB and related (twin grant, Early Childcare Supplement) payments and you will get PPSNs for the nippers.
- Rectify all employment tax/ deductions etc. when returning to work.
Click to expand...
Should happen automatically.
 
There is a "home carers" tax credit that you may be entitled to - I think it will depend on your partners income - also, probably only applicable if you will be taxed jointly.
 
Thanks for the swift response guys.
Would I be entitled to home carers credit since I'm on employment leave and (as far as we can tell) not permanently in the home?
 
I don't think that you can get it when on maternity leave but I could be wrong. Check out the summary details here:

[broken link removed]

In any case if your annual income exceeds €6,750 then you don't qualify regardless.
 
Oh - sorry so. Everything happened automatically for us in late 2005 so I presumed that the same applied now.
 
ClubMan said:
Oh - sorry so. Everything happened automatically for us in late 2005 so I presumed that the same applied now.
Click to expand...


I think it may depend on the hospital - #3 arrived in October and everything was processed in the hospital - registered the child there, got birth cert and Childrens allowance etc arrived automatically in bank
 
AJC said:
I think it may depend on the hospital - #3 arrived in October and everything was processed in the hospital - registered the child there, got birth cert and Childrens allowance etc arrived automatically in bank
Click to expand...
The Rotunda took care of some of this stuff for us in 2005.
 
I'm pretty sure that jaybird is right. The law about registration of birth has changed.
One of the reasons was to remove the anomaly that the registration process was different for married and unmarried parents.

The details are explained quite clearly in the relevant section of our old friend
[broken link removed]

Also, the OP mentioned transferring tax credits to partner, so it is not clear if you
are married or not, it is only possible to transfer tax credits to a spouse,
 
Sorry, I tend to use that term as I like that it sounds more equal
Yes, transfer credits to married partner..
 
Didn't say they were although I know I implied it, unintentionally.
I said I like the term partner, that's all..
 
You must log in or register to reply here.
Menu
Log in
Register