| You are used to making a set amount for your | | | | up on their teacher salary during their maternity |
| teacher salary; but, there is a baby on the way. | | | | leave. This is because top up is supposed to be a |
| You cannot wait to go on maternity leave; but | | | | replacement for the days you 'would have' |
| you have some questions and concerns that you | | | | worked. |
| would like to address regarding your teacher | | | | You can chose not to pay into your pension while |
| salary. The time away from teaching may sound | | | | on leave, but ultimately this can lead to working |
| too good to be true. What many of us do not | | | | longer to get your full pension. Ultimately, as cute |
| realize that there is some extensive planning | | | | as babies are, we need to keep our finances in |
| involved with going on maternity leave. We must | | | | check by learning and applying new skills, and not |
| understand the financial planning involved to | | | | solely depend on the benefits from our teacher |
| ensure that we take into account that our | | | | salary to get us through. |
| teacher salary changes drastically at this time. | | | | There are three tips you must consider before |
| Most school boards have a detailed package | | | | going on maternity leave so you are not left |
| informing teachers about the bureaucratic process | | | | short-changed. |
| involved with planning a leave. It is integral that if | | | | |
| you are going on maternity leave to inform those | | | | 1. Do you have money saved up? |
| that need to know, prepare lessons or a schedule | | | | 2. Do you have all your papers in check? |
| for our classes in our absence, and most | | | | 3. And is there a way that you can build a second |
| importantly, get our finances in order. Why? | | | | stream of income for yourself |
| There is a major decrease to our teacher salary | | | | Many teachers do not like the idea of making a |
| during this period. | | | | fraction of what they made in their teacher |
| Timing your maternity leave may be out of your | | | | salary. Some also do not like the prospect of |
| control; but if you ensure the right measures are | | | | going back to teach after they have had a taste |
| in place, you can increase your teacher salary | | | | of what it feels like to stay at home with their |
| during this time. Immediately after starting your | | | | family. With so many businesses available Online |
| maternity leave, you need to apply for | | | | that give you the opportunity to work from |
| Employment insurance. School boards typically | | | | home, it seems ridiculous that some teachers go |
| provide a supplementary Employee benefit and a | | | | back to the classroom if they would rather stay |
| top up of your salary. Both comprise | | | | home with their new baby. Above all, enjoy your |
| approximately 100% of earnings for the first | | | | maternity leave and when the time comes to |
| eight weeks on maternity leave. After receiving | | | | make the decision to return to teaching you will |
| these, you can take Employment Insurance for a | | | | be able to now weigh your options. |
| maximum of one year. | | | | Do not forget to check out the link in the |
| I have had friends who started their maternity | | | | resource box below. I've got a great free report |
| leave during the holidays and got hit hard when | | | | that details my experiences so you can learn |
| they were told that they would not receive a top | | | | from them. |