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Little Ones London is part of an internationally established network. As the premier Nanny agency in London, a dedicated team of experts are on hand for every stage of the process, from recruitment, screening and placement to various financial and administrative services, including tax calculation.
A wide range of services to clients are provided by our dedicated professionals, which include positions such as :
In addition to our market-leading candidate matching service, a range of support services are also available through our payroll and HR service. As leaders in payroll services, our experienced personnel provide a comprehensive service. Little Ones administration and support solutions include assistance with the following :
Setting up PAYE schemes
Provision of monthly/weekly pay slips
Quarterly tax and insurance guides and payment assistance.
Access to our HR service
Updates on tax rates or other important changes
Help with sickness/maternity queries
Pension advice/ set up
In addition, advice and support is also available for clients and their nannies on:
Legal cover for you and your staff
There are a vast number of services online offering advice and guidance when it comes to employment. It can be rather bewildering with such an array of different firms. Some services offer an online Nanny Tax Calculator. Although it may seem rather complicated, put simply, it is a formula which can be used to calculate the breakdown of gross and net pay.
This is a useful tool for staff and employees alike. However, there are many considerations such as the tax codes used in making calculations. A general internet search tends to suggest that a common code is used which may or may not be appropriate for your particular circumstances.
A brief summary as to how a Nanny Tax Calculator works and it's terminology is as follows. It should be taken into consideration that different services may offer variants :
Net pay, this is the nanny's take home pay after all stoppages, the figure he/she will expect to receive.
Gross pay, this is the total pay before any deductions. It is the figure you would expect to see on a contract of employment. It includes the employee's national insurance and tax contributions.
Total cost, this figure is particularly useful when budgeting, it factors in the nanny's gross pay and the employer 's contribution costs.
Pension contributions, there is an automatic enrolment process for workplace pensions. Your nanny may or may not be eligible for this.
Most calculator settings tend to be set at the standard statutory minimum level, however, this may differ from service to service. Online calculators can provide a useful prediction of the breakdown of costs, but they are usually based on the assumption that tax codes and other circumstances remain unchanged throughout the tax year. The reality can be more complex and the expert team at Little Ones will be happy to advise further.