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Nannywage Ltd Automatic Enrolment Pensions
in association with NEST

Nanny sharing

As more and more mothers return to the work place the demand for flexible and part time child care continues to grow. Parents recognise the advantages of having a nanny whose sole purpose is to look after the children on the parents terms in the parents own home where the children are comfortable with familiar surroundings

Although employing a nanny may be very appealing you may only require a nanny part of the week or be deterred by the nanny employment cost The solution to this for many parents has been nanny sharing and this form of employing a nanny has had a spectacular rise in recent years.

The nanny sharing can take several forms, for example;
One nanny looks after the children of one or more families at the same time At one location or on a rotating basis Nanny works for you on designated days only attending to your children The other employer on other designated days

The huge advantage of nanny sharing is that the costs of employing a nanny are shared by you only employing and paying the nanny for part of the week and the tax code allowance of the nanny being split on an earnings pro rata basis so that each employer only pays their share of the Tax & NIC. There is no reason that the employers who share a nanny need to know each other, but of course the nanny will restrict geographical boundaries as travel and availability are always to be considered

Nannywage Ltd have been operating nanny sharing for many years and will set up the tax allowance split with HMRC on behalf of you and the other nanny sharing employers. The only action you need to take is to complete our Nanny sharing questionnaire as we need the details of the other employer for the tax code split with HMRC

We do everything on your behalf, you need take no action safe in the knowledge that Nannywage Ltd are liaising with HMRC over the tax code allowance split on receipt of confirmation of the new tax code for your nanny we will immediately amend your employer file and recalculate tax based on the new tax code.

F.A.Q’s

1) Should both employers register with HMRC
Yes, it is a good idea to keep your financial affairs separate by both sets of parents becoming registered small employers with HMRC,
Nannywage Ltd register you with HMRC as part of our service

2) Should both employers issue the nanny with a contract of employment
Yes, although sharing the nanny both sets of parents are employing the nanny on a stand alone basis for the purpose of employment and each must provide a contract of employment
Nannywage Ltd offer subscribers a FREE contract of employment as part of our service

3) How are holiday arrangements managed
Both sets of parents should agree when and how holiday will be taken including arrangements should one set of parents want the nanny to accompany them on holiday
These agreements should then be included in the employment contracts

Nannywage Ltd will include in the contracts the correct pro rate statutory holiday entitlement for each employer

4) How is Tax & NIC paid
As we recommend both employers have separate HMRC small employer schemes each employer only pays their own Tax & NIC due on the employment of the shared nanny
Nannywage Ltd manage all this on your behalf as per our payroll service

5) What happens re disciplinary issues
Each employer will of course have their own rules of conduct, but should the nanny need to be dismissed from your employment as we recommend separate employer PAYE schemes this will not be a problem
Nannywage Ltd as per our payroll service handle all leaving documentation on your behalf

 

Click here to download
a pdf version of the form

YOUR DETAILS:

Please note, we only require you to complete this form if the nanny you are employing already has employment elsewhere and is taking a second job with you and has agreed to a tax code split. If you are the primary employer and your nanny is starting a second job elsewhere it is the responsibility of the secondary employer to
request a tax code split on behalf of themselves and the nanny.

IF THE OTHER EMPLOYER IS A CLIENT OF NANNYWAGE LTD

All we require is their name and first line of their address details

OTHER EMPLOYER DETAILS

IF THE OTHER EMPLOYER IS NOT A CLIENT OF NANNYWAGE LTD

We require the above name and first line of their address plus the following details

(Normal format is 3 numbers / 2 letters 5 numbers)

(Normal format is 3 numbers 2 letters 8 numbers)

Gross salary: or

The percentage tax code split between employers will be based on the salary each employer pays the employee if the agreed percentages are different from a straight salary percentage split please indicate

Nannywage Ltd on receipt of this information will send you the tax code splitting letter for your nanny to sign and you should ensure that it is sent to HMRC in the envelope we will enclose. On receipt of notification from HMRC of the new tax codes we will immediately amend your employment criteria.


When completing your payroll form:
ONLY enter the salary you are paying the nanny NOT the total salary of both employers

When completing your contract questionnaire:
ONLY enter the days, hours and start / Finish times the nanny will work for you.

For example nanny works Mon, Tues & Weds from 8am – 4pm for both employers, we need your details Mon, Tues & Weds 8am – Noon

These are your employment details only and do not include the other employer who will employ the nanny Mon, Tues & Weds Noon – 4pm (Arrange details of start / finish employment times with other employer)

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