Nanny from my home childcare idea

I'm obviously totally not getting this thread 😀, she has both registrations alrqady

Not for childcare, each location requires a different registration... hence the OP asking in the first place.

That's allowed isn't it?

Yes but she's talking about doing it all as one job, for one family. Not an employed job and a self employment alongside.

Where did you say tax?

I was replying about the toys but as you mention tax loads of people have both employed and self employed income, thers a whole online tax return system dedicated to it

It's a non issue

Her tax.

How is she going to account for her self,-employment income as a childminder versus her employment income as a nanny?

The latter is taxed and has NI deducted before it is paid to her, while with the former she sorts this out herself and deducts her expenses.

Unless I've misunderstood she's already a registered xhildminder so nothing different is needed

A nanny is an employee while a childminder is self employed which is probably why it hasn't been done.

The OP needs to workout how she is going to cover the cost of things like toys, equipment, food, etc in her own home while looking after the children.

Judging by most of the replies I must be in the minority but I think it sounds like a good idea, you have all the necessaries, I'd just be sure that it's financially viable and have a plan for what you do when the first child goes to school and your income drops. Would it still work with one child?

Not sure why the replies are so negatives

Honestly sounds like heaven to me. We split childcare between a nanny and nursery so they have some home time and some out time. It has been a good model but I would like them to have more of the home bit... but not here. It's lovely to be able to concentrate/clean and have some time alone but without paying the full day nursery rate or when bugs are circulating.

A childminder is not a babysitter.

A babysitter can be anyone.

There as a childminder has to follow the early years foundation stage framework.

I see that makes more sense. I meant more the concept of SAHM as usually people with nannies want to do that because they basically want someone who is looking after their child on their terms, so if you're doing it in your home I don't really get why they'd want that (as I'd be cynical and assume you're doing your own housework etc when you're meant to be looking after my child). I'd also assume that people that can afford a nanny have a separate space for their office and like to see their child in between breaks, I know I would. But there may be some people who would go for this idea.

You can’t nanny from your own home.

An experienced nanny earns on average about £45k per year (£20+ph), with use of a car, paid holidays, and sometimes health insurance etc.

A childminder (where I live, South West) earns £5-6 per hour on average, and can have more than one child.

If this family is offering you £45k and that works for you / is more than you get as a childminder, do it, but with a formal contract etc.

The reguations say you do not need to register if you are a nanny (even if you look after them in your own home etc).

Yes but it's called childminding not babysitting.

Do you have to be a registered chilminder to babysit one family's children in your own home?

I see the logic. The other benefit to the family is a registered childminder can claim the funded hours but a nanny can't but a hybrid model means you could utilise the funding on those days but have the benefits of a nanny on other days.

My brother and his wife would love this! They really benefit from a Nanny for various reasons but they both wfh regularly so would prefer Nanny and DC to be out on those days.

I think the first thing is to check that the family would pay you enough that you wouldn't lose income based on giving notice to your two other families?

If you currently have a client willing to pay enough to make this sustainable for you, and you want to do it then go for it. It's possible when their children age out, another family wouldn't want the same set up- but does that matter? You could always go back to traditional childminding at that point if you needed to- there's usually a lot of demand for childminders?

Are you worried about being dependent on only one family?

So are you employed or self employed?

I’m not reading it that way at all. Just that it’s sort of combining nanny and childminder. She keeps the nanny aspect - working for one family - but can work from her home if needed like a childminder.

You've got a customer in front of you asking for this. You're qualified and registered to offer it. Why not just take the job and go for it, it will clearly work for you and your employer!
The best validation of any business idea is whether someone will pay you for it. You've got that. Idea validated. You're good to go!

Yes I would have loved this when I first went back to work!