In the current economic climate more families have to cut costs, and many mothers find themselves returning to work earlier than planned after having a baby. This coupled with an overall increase in part-time employment means that nanny shares are becoming a popular childcare choice. Read more on the recent boom in nannysharing.
Nanny shares are cost-effective, and so you get the flexibility and professionalism without the high costs normally associated with employing a nanny. But nanny shares are particularly complex from a tax and NI perspective and with net-wage agreements still the norm, it is easy to make mistakes.
Nannytax specialise in nanny shares, and together with our nannyshare team we have developed this section of our website to help you navigate through this potential minefield.
For further information on sharing a nanny, please refer to our pages on nannysharing made easy and the childcare solution. There's also articles offering useful tips and practical advice on what to remember in a share plus frequently asked questions.
Lucy Ward offers her experience as an employer engaged in multiple shares in her great article sharing is a good thing, first published in Charlotte Magazine March 2009. We also feature sharing from a nanny's perspective, highlighting the importance of communication between all parties throughout a share arrangement.