Before you all start telling me how lucky/lazy I am, I agree. Right - now that's cleared up....
Ds's (2y.o) nursery is soon to close (bloody proerty developers have offered the owner a huge sum of money to raze it and build executive houses - jsut what our village needs more of!) I am considering employing his key worker for 2 days a week (Mon/Fri). She has another nanny job Tues-Thurs. To start with this would be a temporary arrangement over the school holidays, looking after my ds and dd(4), though we may carry it on afterwards.
Does having a nanny working in your own home work if you are there as well? I will actually be using some/most of my child-free time to study - is it feasable for me to get anything done when the kids are still in the house? Will the nanny find it difficult to do her job with me hanging around and will I be able to not interfere constantly?
On a practical level, I understand that for a temporary contract I don't need to become an employer, but would instead pay the nanny a gross rate and she would sort out her own tax. How long can I get away with being on a temporary contract (from an IR pov), and if I then take her on permanently, will I just be able to ignore the previous time?
If I do have to become her employer, would it be normal for me to share the tax free allowance with the other employer, or do I have to pay BR because I got in there last?
Is it all worth it? Or should I just try looking after my own kids full time......