Dad dot info
DAD.info form. Ask questions, get answers
DAD.info | Family | Work | Paternity Leave | What if I’m self employed?

What if I’m self employed?

Deanb

Deanb

If you are employed, you have a legal right to paternity leave and pay, but it is not quite as simple if you are self-employed… 

  

Only employees with employment contracts are entitled to statutory paternity pay, but there is no equivalent for self-employed dads to claim.

So, if you are self-employed you are going to have to plan ahead to have time off at the birth of your baby. 

HOW MUCH TIME TO HAVE OFF

This decision may be based on what you can afford, or your circumstances such as whether you have older children too, or if your partner has a difficult birth or Caesarean (meaning she needs extra support).

Then work out what you are going to need to live off, taking into account that your income may also be affected if your partner is on reduced pay while on maternity leave.

The sooner you start to put money away the less you will have to put away each week.

Find out why taking Paternity Leave is a good idea and worth the hassle of the extra effort to plan for it, at Why Paternity Leave Matters

HOW MUCH TO SAVE

Assuming you find out about the pregnancy in the second month, you’ll have up to seven months to save.

Saving about 5% of your monthly income for each week of paternity leave you want to fund, is a good guide. 

OTHER FINANCIAL HELP

It can be helpful to get some advice about if there are any benefits you will be able to claim. How much will you be able to claim in Child Tax Credits and Working Tax Credits? Are you eligible for Child Benefit? Can you claim the Sure Start Maternity Grant?

Don’t write off being entitled to get financial support, many families think they are not eligible, when in fact, most are!

Find out some of the basics with Dad Info at:

Child Benefit

Child Tax Credit

 

THINK ITS UNFAIR?

If you think it’s unfair that there is no paternity pay for self-employed men, write to your MP. Admittedly, it won’t help you right now, but it might help dads in the future, or possibly even help you if you have another baby one day!

 

Updated: September 2017

Related entries

Paternity leave in the UK

Paternity leave in the UK

Given that it’s the mum who gives birth, it’s perhaps unsurprising that maternity leave tends to be thought of as more important than paternity leave. But there’s growing evidence that dads’ taking time off in the early weeks and months of their children’s lives...

Parental leave: what you need to know

Parental leave: what you need to know

When did it come into play? Shared parental leave came into legislation in April 2015, meaning both parents can now share 12 months of parental leave. This differs to previous entitlements where working fathers were entitled to 2 weeks leave from work following the...

Who’s eligible and how do I get it?

Who’s eligible and how do I get it?

If you are an employee and expecting a baby you could be entitled to paternity leave. Here we go through how you qualify for it, and how you get it. Basically, if you have been employed by the same employer since before your partner became pregnant, you'll probably be...

Latest entries

The Best Family Walks in Britain

The Best Family Walks in Britain

We could all do with exercise, fresh air and some lovely low-cost days out, not to mention some beautiful scenery. Charles Clinkard have put together a list of the 40 greatest walks for families in Britain, taking into account a number of helpful amenities such as...

How To Keep Your Child Safe Online

How To Keep Your Child Safe Online

As a parent of a 10 year old who is rapidly approaching the age where he will be getting his own phone, I’m concerned about ensuring he isn’t exposed to a cavalcade of disturbing things online. I’m worrying about bullying, about him being contacted or making friends...

21 Things You Didn’t Know About Japan

21 Things You Didn’t Know About Japan

The Olympics have started! Despite a lack of fans (crowd noise will be piped into the stadiums instead) the event is still as important as ever and makes for great summer viewing. So at Dad.Info we have rounded up 21 interesting facts about Japan to both liberally...

Pin It on Pinterest