Nanny share set-ups

[colt33]

Hi -

Apologies in advance if there are already threads on this very topic (feel free to point me toward them, but the search wasn't overly fruitful for aggregate advice!)

I was just wondering if anyone has helpful hints on nanny share set-ups - E.g.

1. What to agree in advance between the families & the nanny

2. Items to include in the contract

3. Do both families need to register with a tax-payment solution or can one family do it w/out additional hassle / cost / risk?

4. If both families need to register for tax / NI for the nannny, can this be done via HMRC for nanny share?

5. Issues that have arisen from other nanny shares that it would be good for us to be aware of in advance so that we can mitigate?

6. If the nanny will work from my house, do I need to get any additional kind of insurance?

We've got a basic list compiled based on discussion / web research, but I know this forum is full of nanny share knowledge and know-how (and know-how-not-to-do)!

Thx!

Nicole

[rebeccaben]

We have been in a nanny share for almost 2 years and it's been great. We found a nanny who already had been working for a family for years so we sort of 'joined in' (i.e. we didn't start with two families looking to find a nanny together). From my experience, the answers I can give are:

1. Generally agree which days you will be at which house - it seems to make sense to keep this consistent.

2. When you register with a nanny tax company, they will give you a template contract that you can tailor to your needs.

3. I strongly recommend that both families use a nanny tax company - it doens't cost much and takes so much headache away and personally my nanny appreciates that she gets proper paperwork from us every month and at year end. Plus they are always available to answer questions about tax codes, etc. I have been using PAYE for Nannies and they have been brilliant.

4. Absolutely. This is a real job for your nanny and it is illegal not to be registered as an employer with HMRC and pay over the tax, so both families must do this. The one thing to be careful about is that you ensure that you share the tax code, otherwise one family will pay an unfair share of tax (this presumes you agree a net wage with your nanny and are grossing up - if not, then it doesn't matter).

5. Not that I can think of.

6. Not that I know of. I have never heard of any other families getting this either, but again I'm sure the nanny tax company could advise.

Feel free to PM me with any other questions!

[etta166]

We have a lovely nanny share that has been going almost a year, and had another share for a year before that. Feel free to PM me if you want to.

I personally think that it is really important to be open and discuss any issues, changes, positive or neagative feedback etc as early as possible, so that everyone knows where they stand.

You have the option to set up as separate employers or moe employer, but which ever you do the employer(s) need to register with HMRC and pay the nanny using PAYE. I do my own, but the other family uses a payroll service. We both agreed the same gross salary for the nanny, so we didn't have to split the tax code.

It's a good idea to have a contract between the two families if you are not setting up as a joint employer. Think about what you would do if one family wants to leave the nannyshare, and how much notice you need to make any major changes to the plans (like having another child, or changing the host arrangements...)

As an employer, you should have Employer's Liability Insurance. Your home insurance should have this for domestic employees, but do check this as you could need a separate policy.