What is nanny share

Holidays — We recommend you talk to the other family and the nanny about holidays. A common solution is for each family to decide on one week and the nanny to decide on two weeks.

See our holiday entitlement page for guidance on calculating holiday allowance. If the nanny is caring for the children from two or more families at the same time, you should agree rules and standards up front. It is worth having a Nanny share agreement to address this.

If you are a Nannytax customer our HR advisors can support you with this. Therefore, regrettably we are unable to provide accurate salary calculations for nanny shares until HMRC has allocated a tax code for the nanny in their new job. There may be more to consider in a nanny share than you anticipated. Toying between different childcare options for your family? Learn more about the different childcare options available to help you decide what might be the best fit. An After School nanny gives parents flexibility to commit to their work schedules with peace of mind that the children are in safe hands.

Hiring a nanny is a more personal employment relationship than the norm. This makes it that extra bit important to find the right nanny for you and your family. Enable Limited is an Appointed Representative of Fish Administration Limited and authorised by them to sell liability insurance for nannies and their employers.

It really can be the best of both worlds. But as with any child care decision, entering a nanny share requires a lot of research and planning. We talked to four nanny-sharing moms to find out why they chose to share a nanny and to get their insider advice on setting up a successful nanny share.

Here are just a few reasons why they believe nanny share was the best choice for them, and why it just might be the right choice for you, too. However, Stacey King Gordon, a mom from Oakland, California, shared a nanny for three years and says it cut her child care costs almost in half, so savings will depend on the costs of care where you live. She also says the socialization benefits made her feel like she was giving her child the perks of day care on a more personal level.

Even though the nanny will be watching multiple children, kids in nanny shares still get more one-on-one attention than they would at a child care center , and they are in a home environment, which appeals to some parents. Children also get the opportunity to build a nurturing relationship with another adult. The parents we interviewed touted the flexible, DIY nature of nanny shares over day care centers, which often have strict policies for hours, holidays and sick days.

With a nanny share, you and the share family make your own rules. Include details like:. Your nanny is an employee , not an independent contractor. That means both families are considered employers and will need to obtain federal employer identification numbers and register as employers with the state. Each family will provide a W-2 to your nanny and file Schedule H with their own personal tax returns. As mentioned, minimum wage and overtime rules apply. GTM has experience in helping families set up the administrative side of nanny shares and can help you every step of the way.

If so, each family must purchase a policy. Set aside a regular time to talk with your nanny share family about any concerns, issues with the nanny, and possible changes that could impact the arrangement. We recommend that sick children still get looked after as part of the share. This is a major benefit of nannies over other forms of childcare such as nurseries and childminders, who will send sick children home.

From a payments perspective, our blog has more information on what happens if your nanny is sick. When you use Koru Kids we guide you through the process of becoming an employer and take care of all the administration for you. Your legal responsibilities include making sure your nanny has an employment contract, paying their taxes and making sure you have the right insurance.

We will take care of all of this. For more detailed information on your full responsibilities as an employer head to our blog. In a nanny share these duties will also be shared and will usually only be performed for you when the share is at your place.