Hi

My wife and I are thinking about having children. But i'm trying to get my head around the maternity pay and if we can afford to yet.

Was wondering if anyone here has a better understanding of it or has a partner thats a teacher and has been through it.

She is on M3 so from what i can see on the direct gov website this would mean:

https://www.gov.uk/calculate-your-maternity-pay

6 weeks on - 439.96
33 weeks on - 136.78

But how do i transfer this to a monthly amount? This would really help me with budgeting as i take it, it would still be paid monthly. Are there still deductions on this with it being 7153.50 for the year? Do we continue to pay Student loan, Pension, Tax?

Thanks