What is statutory materinty pay?

Statutory Maternity Pay (SMP) is a government-mandated payment for eligible employees in the UK who take maternity leave. It provides financial support to new mothers, allowing them to receive a portion of their salary during their absence from work. SMP is typically paid for up to 39 weeks, with the first six weeks at 90% of the employee's average weekly earnings, followed by a fixed rate or 90% of earnings, whichever is lower, for the remaining period. To qualify, employees must meet certain criteria, including length of service and earnings thresholds.