parents – Page 32 – Nannyjob blog

What You Need to Know About Employers Liability Insurance (ELI)

Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents and have created this content.

ELI is a legal requirement for all employers in the UK, which is set by the Employers Liability (Compulsory Insurance) Act 1969. As the employer, you must have insurance as soon as you employ a nanny.

Your policy must cover you for at least £5 million and come from an authorised insurer, as this will help you pay compensation if your nanny becomes ill or sustains an injury because of the work they do for you.

Continue reading “What You Need to Know About Employers Liability Insurance (ELI)”

Working Time Regulations Explained

Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents and have created this content.

The law states that most workers should not have to work more than 48 hours per week. This includes overtime. If an employee wishes to work more than 48 hours a week, they can do so, but the employer cannot tell the employee that they have to.

Continue reading “Working Time Regulations Explained”

What is the Nanny Share Tax Code Split?

Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents and have created this content.

The term ‘tax code split’ is where the nanny’s tax-free allowance is split proportionately between their employers so that all parties avoid paying basic rate tax on nanny’s gross pay.

If both employees agree a gross salary than a tax code split is not necessary, as all parties’ total costs will be protected, and each employer will be paying the correct deductions.

Continue reading “What is the Nanny Share Tax Code Split?”

What is a Nanny Share?

Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents and have created this content.

A nanny share is where nanny cares for the child or children of two or more families at the same time, and the costs are split between the families. These types of arrangements are becoming an increasingly popular way of making nanny employment more affordable and accessible for many families.

Continue reading “What is a Nanny Share?”

Contract of Employment Advice for Nannies and Parents

Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents and have created this content.

All nannies are entitled to receive a contract of employment within 2 calendar months of their start date. It should contain the Terms and Conditions of employment, including the following:

Continue reading “Contract of Employment Advice for Nannies and Parents”

Student Loan Advice for Parents & Nannies

Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents, and have created this content.

A nanny may have an outstanding student loan when starting work for a parent, this will either be noted on their P45 from previous employment, or HMRC will send a notice through to the parent or the parent’s payroll agent.

Continue reading “Student Loan Advice for Parents & Nannies”

Redundancy Advice for Parents & Nannies

Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents, and have created this content.

If a parent was to make nanny redundant the nanny would be entitled to redundancy pay after 2 years of complete service. The parent should have at least one meeting with the nanny to discuss redundancy and if there are any alternative roles – part-time nanny/housekeeper or going from live-in nanny to live-out. A 4-week trial period at the alternative role must be offered. A nanny can tell the parent that the job is not suitable within these 4-weeks, and this will not affect the nanny’s right to statutory redundancy.

If a nanny unreasonably turns down a suitable alternative to the current job, they may lose the right to statutory redundancy.

If redundancy is the only option, a parent must give the correct notice period and pay: Continue reading “Redundancy Advice for Parents & Nannies”

2019-2020 National Insurance Changes

Our recommended partners at www.PayrollForNannies.co.uk provide payroll advice for parents and have created this content.

Parents, as an employer of a nanny, you will need to pay HMRC employee and employer Class 1 National Insurance based on your nanny’s wage.

Employee national insurance is deducted from your nanny’s gross salary, whereas employer’s National Insurance is an additional cost on top of your nanny’s gross salary paid by you, the employer.

Continue reading “2019-2020 National Insurance Changes”