Childcare Choices and Costs

A practical guide to employment and tax issues

This book is primarily for parents looking for a source of information which compares the different types of childcare available in the UK. It provides information on the financial consequences, commitments and obligations that come with each of the different forms of childcare.

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This book is primarily for parents looking for a source of information which compares the different types of childcare available in the UK. It provides information on the financial consequences, commitments and obligations that come with each of the different forms of childcare.

Employers should find the book useful because of the employment tax consequences of childcare benefits, and the variety of childcare concerns brought to HR, relating to a wide range of employees. Employers who value their employees and seek to be both considerate and fair will want to know how they can help in childcare matters in the most cost-effective and tax-efficient manner.

Childcare professionals may find some aspects of this book useful, such as the section on expenses and accounts for child minders. Nannies may be interested in understanding how much their net salary package actually costs their employers. The book should also help childcare providers to benchmark their service, and understand the financial consequences for parents, and themselves, of certain payments and benefits.

Parents, as employees with children face a dichotomy: on the one hand they have a contractual obligation to their employer and frequently have a strong, personal investment in their career or profession; on the other hand, the duty of care and the desire to do the best for their children is paramount. Many parents are fully alive to their dual responsibilities and are extremely grateful for any support offered to them by their employer and indeed, their colleagues. If friction arises, it is invariably when childcare arrangements break down, or where there is a lack of understanding or communication.

This book seeks to set out not only the various options available to parents, with the concomitant potential costs and obligations, but also to discuss alternative and back up arrangements. Many sources of information on childcare focus on new parents and their babies. While this is a critical time when parents seek advice, the childcare arrangements suitable for a couple with a baby may be very different from those for a single parent with school aged children. In this publication, consideration is given to childcare for babies through to teenagers.

This book is primarily for parents looking for a source of information which compares the different types of childcare available in the UK. It provides information on the financial consequences, commitments and obligations that come with each of the different forms of childcare.

Preface

Contents

1       Introduction and overview

2       Nurseries

3       Childminders

4       Au Pairs

5       Family and Friends

6       Nannies

7       Nannies or employed child carers pay and benefits

8       Employer supported aspects of child care

9       Working Abroad

10     Employment Status

11     Nanny Contracts

12     Self-Employed Child Carers’ Tax Position

13     Nanny Salary Indicator

14     Miscellaneous

Appendix 1      Glossary

Appendix 2      NIC Rates

Appendix 3      Useful contacts and sources of information

Index

Imprint
Spiramus Press
Publisher
Spiramus Press
Language
English
Product Format
Paperback
Dimensions
234 x 156
Publication Date
8 May 2015
Country of Manufacture
GB
Number of Pages
296
ISBN
9781904905295
Edition
1
Product Format
PDF
Dimensions
234 x 156
Publication Date
21 Apr 2015
Country of Manufacture
GB
Number of Pages
296
ISBN
9781910151211
Edition
1