Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents and have created this content.
The term ‘tax code split’ is where the nanny’s tax-free allowance is split proportionately between their employers so that all parties avoid paying basic rate tax on nanny’s gross pay.
If both employees agree a gross salary than a tax code split is not necessary, as all parties’ total costs will be protected, and each employer will be paying the correct deductions.
Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents and have created this content.
All nannies are entitled to receive a contract of employment within 2 calendar months of their start date. It should contain the Terms and Conditions of employment, including the following:
Continue reading “Contract of Employment Advice for Nannies and Parents”
Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents, and have created this content.
A nanny may have an outstanding student loan when starting work for a parent, this will either be noted on their P45 from previous employment, or HMRC will send a notice through to the parent or the parent’s payroll agent.
Continue reading “Student Loan Advice for Parents & Nannies”
Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents, and have created this content.
If a parent was to make nanny redundant the nanny would be entitled to redundancy pay after 2 years of complete service. The parent should have at least one meeting with the nanny to discuss redundancy and if there are any alternative roles – part-time nanny/housekeeper or going from live-in nanny to live-out. A 4-week trial period at the alternative role must be offered. A nanny can tell the parent that the job is not suitable within these 4-weeks, and this will not affect the nanny’s right to statutory redundancy.
If a nanny unreasonably turns down a suitable alternative to the current job, they may lose the right to statutory redundancy.
If redundancy is the only option, a parent must give the correct notice period and pay: Continue reading “Redundancy Advice for Parents & Nannies”
Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents, and have created this content.
In order to avoid penalties and interest, it is important to make sure you pay HMRC on time for tax, employee and employer national insurance and student loan deductions.
Here is a note of each quarter’s payment and payment deadlines:
Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents and have created this content.
Parents, as an employer of a nanny, you will need to pay HMRC employee and employer Class 1 National Insurance based on your nanny’s wage.
Employee national insurance is deducted from your nanny’s gross salary, whereas employer’s National Insurance is an additional cost on top of your nanny’s gross salary paid by you, the employer.
Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents & nannies and have created this content.
The National Minimum Wage increases from the 1st April 2019 and the new rates are:
Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents and have created this content.
The standard tax code for tax year (19/20) is 1250L, this then means an employee (a nanny) can earn £12,500.00 per annum before they pay any tax. This figure is then spread over the relevant pay periods in the tax year (52 if weekly and 12 if monthly) this then gives the tax-free allowance for each pay period.
Continue reading “New Tax Level Information for Working Nannies”
Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents and have created this content.
It is important to remember the contributions for automatic enrolment for pensions.
Continue reading “Auto-Enrolment Guidance for Parents and Nannies”
Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents and have created this content.
Calling all nannies and parents who employ nannies, do you know how the national minimum wage affects you? Keep reading to find out.
Continue reading “How Does the National Minimum Wage Apply to Nannies?”
