Navigating Maternity, Paternity, and Shared Parental Leave for Medics In this episode of the Medics' Money podcast, Cyra and Matthew delve into the complexities of family financial planning specific to healthcare professionals. They discuss various types of leave available for working parents in the medical field, including maternity, paternity, and shared parental leave. Cyra, a doctor and chartered accountant, offers an in-depth explanation of entitlements, occupational versus statutory leave, and the nuances of shared parental leave. The episode is a guide for medics to understand their rights and plan financially for family life. Topics include risk assessments, rights to pay rises, and annual leave accrual during parental leave.
00:00 Introduction to Financial Family Planning
00:24 Meet Cyra: Doctor and Chartered Accountant
01:55 Understanding Occupational Rights During Pregnancy
06:45 Navigating Maternity Leave
14:41 Statutory Maternity Leave and Pay
17:25 Understanding Maternity Allowance
18:00 Maternity Allowance for Self-Employed Individuals
19:42 Maximising Your Maternity Allowance
20:43 Maternity Pay for Salaried GPs
21:40 Recap of Maternity Pay Tiers
23:15 Introduction to Paternity Leave
24:25 Eligibility and Details of Paternity Leave
26:31 Adoption Leave Explained
28:10 Shared Parental Leave: An Overview
30:59 Maximising Shared Parental Leave Benefits 3
6:38 Conclusion and Next Steps
