However, the good news is it means that Nannies will receive a pension like everyone else, which lends more professionalism and recognition to the industry. Three key points for you to know are:
1. Don't Ignore It
Workplace Pensions for Nannies are currently being phased in. As a Nanny employer, it is likely that you will need to implement the pension. Nannies will be eligible if they will:
Tax responsibilities as a Nanny employer are becoming more demanding. The new Workplace Pensions for Nannies will require your attention and some administration.
2. Enrolment is staggered depending on your Staging Date
As an employer you need to check your Staging Date and take the appropriate steps to enrol your nanny. You may be sent a letter by the Pensions Regulator if your staging date is within the next 12 months.
3. Nannytax is the best place to go for accurate advice
We've googled for you and there is a lot of conflicting advice online regarding how the scheme is run. The most comprehensive information you will find is on the www.nannytax.co.uk website. They can also administer the service on your behalf.
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