Net to Total Cost for Nanny Employers
Net Wage to nearest £10:
This Net Wage is paid:
Total Cost to employer:

Please note:

This calculates the Employer's Total Cost (Gross Wage + Employer's NI) not the Nanny's Gross Wage (Net Wage + Nanny's Tax and NI). The Total Cost should not be used in Employment Contracts. The calculations apply to nannies with one job on a Standard Tax Code (1060L) for the tax year 2015-16 and assumes the nanny does not have any other deductions besides Tax and NI, such as Student Loan repayments for example. If the nanny has other employment or additional deductions these calculations do not apply.

These figures are approximate and should not be used in Contracts of Employment. The figure entered will be round to the nearest £10 and the calculations are rounded to the nearest pound.

Intended for guideline purposes only — Nannytax assumes no responsibility for how these calculations are used thereafter.

Employers Net to Total Cost

All nanny employers need to keep the Total Cost of having a nanny in mind - whether you're just thinking about having a nanny or have been employing for some time. The Total Cost is what the employers total outgoings will be regarding the nanny's salary and is made up of the following parts:

Nanny's Net (take-home) Pay + nanny's Tax and National Insurance = nanny's Gross Pay + Employer's National Insurance Contribution = Total Cost

The calculator to the left will help you approximately work out your Total Cost from the nanny's Net Wage.

What we can do for you

When you sign up to our nanny payroll service, Nannytax will act as your agent in all things payroll. That means we deal with HMRC on your behalf and sort out all of the communications with them for you, including setting up your nanny's PAYE scheme and making sure all your tax and NI calculations are up to date and as accurate as possible.

And there's more...

Nannytax provide all the suppport a nanny employer needs. We will:

  • provide weekly or monthly payslips for your nanny
  • provide a sample employment contract for your nanny
  • give you unlimited support from our team of payroll experts
  • allow you unlimited access to our Legal Helpline

There's even more support too... find out here >

 

 

Net to Total Cost for Nanny Employers
Net Wage to nearest £10:
This Net Wage is paid:
Total Cost to employer:

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