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Nannytax Blog - News and advice for the Nanny Industry

News and advice for the Nanny Industry

 


piggybank20098b traceywebber2017

The Chancellor has now made his Autumn Budget and while the newspapers bemoan stagnant economic growth and hope for more affordable housing, we have to think calmly about how the announcements affect the nanny industry.

There are two aspects of the Budget that will affect nannies, nanny employers and nanny agencies.

 

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gross vs net blog image 

Nannying is one of the very few professions where salaries are still sometimes agreed in net. This is not advisable for a number of reasons but very often people do not understand the implications of a gross or net salary. In this blog we answer some crucial questions to clarify the issue and explain why salaries should always be agreed in gross.

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3Ps blog image

Payroll Plus, Pensions, Protection. Essential tools for any nanny employer.

When you employ a nanny in your home you get the ideal solution to your childcare needs, but you also become an employer, which entails a certain amount of administration and a number…

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Benefits in Kind blog image

What are Benefits in Kind?

As a nanny employer, if you offer additional benefits or ‘perks’ for your nanny, you will need to report these to Nannytax so we can report them to HMRC. As part of your nanny’s total earnings as they will be taxable.

What is considered a Benefit in Kind?

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Tax Free Childcare blog image

Tax-Free Childcare is a new government scheme to help working parents with the cost of childcare.

It is currently available to all parents with children aged under 9.

By the end of the finanical year, it should be available to all parents with children aged under 12, or under 17 for disabled children.

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Nannies vs Au Pairs blog image

Au Pairs are another form of help with childcare that is popular in the UK. However, there are clear differences between the role of an au pair and the role of a nanny which people are not always aware of.

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