What’s the difference between a Part-time Nanny and a Nanny Share?
There are many types of nannies out there, and the two which are often considered a more affordable option for families are Part-time nannies and Nanny Shares – but what makes the two different from one another?
Let’s find out.
What is a Part-time Nanny?
A Part-time nanny works in your home for the hours that you need, at an average of 25 hours a week. This makes them a popular choice for families who don’t need full-time childcare, but do need some support with the kids.
What is a Nanny Share?
A Nanny Share is an arrangement where two or more families employ the same nanny. The families don’t necessarily have to know each other, but having good and open communication with each other will make the arrangement much easier.
What is the difference between a Part-time nanny and a Nanny Share?
The main difference between Part-time nannies and Nanny Shares is the number of families that the nanny works for. A Part-time nanny works for one family at one time, whereas a Nanny Share works for two or more families at one time.
Another difference is the cost. A Nanny Share can be a more cost-effective choice for families, since the expenses are split between the two employers. A Part-time nanny’s cost, however, falls entirely upon the one employer.
What are the benefits of a Nanny Share?
Social Skills
When you have a Nanny Share, the children from the different families spend a lot of time interacting, playing, and building relationships with one another, which encourages them to develop their social skills.
Affordability
As mentioned, families that share a nanny also share the cost, making this form of childcare more accessible and more affordable.
There are many other benefits of hiring a nanny, whether that be a Full-time nanny, Part-time nanny, After-school nanny, or Nanny Share – find out more.
How much should I pay my Nanny Share?
Each family must pay their Nanny at least the National Minimum Wage (NMW). It is a legal requirement for you to pay your nanny NMW and if HMRC find you have not paid the minimum wage, they can take action against you which can include fines of up to £20,000 – learn more.
Each year we publish our Nannytax Nanny Salary Index which showcases the average gross salaries for nannies across the UK. These figures are based on our own nanny payroll records, which is legitimate data that you trust. Find the latest nanny salaries in your area: Nannytax Salary Index.
Please note, each of the families sharing a nanny must register as an employer with HMRC and set up their own PAYE scheme to declare Tax and National insurance on the nanny’s earnings.
Do I need to provide my Nanny Share with a contract of employment?
Each family should have a contract with the nanny, which is separate from the other family. This will make things easier if one family wishes to leave the arrangement further down the line.
You must provide your nanny with a nanny contract before their first day of work.
How do holidays work when you have a Nanny Share?
When it comes to your nanny’s holidays, we recommend you talk to the other family and the nanny about what works best for everyone.
A common solution when it comes to arranging annual leave is for each family to decide on one week and the nanny to decide on two weeks.
How do I find a Nanny?
Finding the right nanny for your family can be a bit of a daunting process, which is why we’ve narrowed down three key nanny search methods for you to use. These methods are: Nanny Agencies, Online Search Services, and doing it yourself. Click here for more information.
How can Nannytax help?
At Nannytax, our friendly team of nanny payroll experts have seen every scenario and no problem is too big. We’re on hand 7 days a week to help you. We’ll take care of everything, from setting up the right contract to handling your nanny’s payslips and dealing with HMRC. We can also provide you with Employers Liability Insurance and manage your nanny’s pension scheme.
