Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Local

Find conversations happening in your area in our local chat rooms.

Do you need to pay your nanny a pension? New rules from June 2015!

0 replies

LocalEditorKensingtonChelsea · 22/05/2015 21:03

If you employ a nanny then new rules mean that from June 2015 you could be obliged to pay into a pension for them or risk fines.

The Government is rolling out it's auto-enrolment scheme to anyone in the country who has even one staff member which will catch most families who employ a nanny.

Who will it affect?

If you pay your nanny more than the annual tax free personal allowance amount (£155 per week or more) and she/he is over 22 then you will be caught by the new rules.

If you pay them via an agency then the agency will be responsible for providing their pension but may well try to pass the cost on to you.

What do you have to pay?

From June 2015, the amount you must pay into the nanny's pension is a minimum of 1% of their qualifying earnings (which are however much they earn between £5,824 and £42,385 per year). This is set to rise to 2% in 2017.

You will also need to set up a pension scheme for them.

Start Date

The rules are being rolled into effect between June 2015 and 1 April 2017. You can find out your staging date (i.e. the deadline by which you must comply) here using your PAYE reference. If you don't pay your nanny via a PAYE scheme then your staging date will be 1 April 2017.

For full details of the scheme and what you need to do to comply visit the Pensions Regulators website

Do you need to pay your nanny a pension? New rules from June 2015!
OP posts:
New posts on this thread. Refresh page
Swipe left for the next trending thread