In the current economic climate many families have to cut costs and mothers often return to work as early as possible for either career or financial reasons. This is contributing to an increase in nanny shares.
Sharing a nanny resolves the issue of cost and means the children will learn social skills from interacting with other children.
There is no doubt that a nanny is the preferred childcare option for most parents but cost is often an off-putting factor. Sharing a nanny resolves this issue and also facilitates interaction with other children.
The down side of nanny shares is that they are more complicated to organise than hiring a nanny by yourself. We at Nannytax have a dedicated nanny share team and we have developed this section of our website to help you decide if a nanny share is the best thing for your family, and if so we can help you put it in place.
Sharing made easy
What is a nanny share?
A nanny share is where two (or more) families employ the same nanny to either care for all children at the same time or split the week between them – say work three days for one family and two days for the other. Although it isn’t necessary for the families to know each other, good communication between them will make life much easier.
How to find a nanny share
The internet is your friend! There are websites available that simply match up local families who have registered to find a nanny share. These act like dating websites, introducing relevant parties and making the process much easier. You might also like to try parenting chat rooms.
What about pay?
Nannytax has a dedicated nanny share team who can navigate the complexities of splitting costs for you and making sure you each pay the correct tax and NI contributions. However there is one important point you need to be aware of up front:
Always agree a gross wage as this simplifies things and will save you money. Usually the first or main employer applies the nanny’s full personal tax-free allowance and the second employer pays the basic rate of income tax on all earnings. As long as you have agreed a gross wage both employers will pay the same amount over all, just for one employer more of it will go to the nanny and for the other more of it will go towards tax.
What else do I need to think about?
Each family should have a separate contract with the nanny so that they can continue the relationship should the other family drop out. Nannytax legal team can ensure you have the right contract in place and help with any negotiations. This is part of our standard service.
Talk to the other family and the nanny about holidays – a common solution is for each family to decide on one week and the nanny to decide on two weeks.
Rules and standards
If the children of two or more families are being cared for at the same time, rules and standards will have to be agreed between the families and the nanny up front.
Read advice from nannies who have been employed on a shared basis.