Nanny costs calculator: Nanny Tax Calculator | GTM Payroll Services Inc.

Nanny Salary & Pension Calculator – Gross to Net

Gross to Net Salary & Pensions Calculator

Salaries are an extremely important part of the employment process.

Use our gross to net salary calculator to help you work out your nanny’s weekly, monthly and annual net salary, otherwise known as their “take home” pay. This handy gross to net salary calculator will also work out the total cost to you as an employer, including any pension contributions due.

Important information to note:

These calculations are for guidance only and are not to be used to pay your employee.

Gross to Net Salary & Pensions Calculator

(2023-24 Tax Year)

Step 1:

Pay Frequency?
Please select…WeeklyMonthlyAnnually

Salary (to nearest £)

Is this Gross or Net?

Gross

Net

Step 2:

Enter tax code

Please include the tax code letter. e.g. 1257L

or
I don’t know the tax code

Step 3:

Include Autoenrolment Pension Contibutions?

Yes

No

Include Student Loan Deductions?

Yes

No

**Please note, these calculations are for guidance only and should not be used to pay your employee**

New to employing a nanny?

Once you have found your nanny, there are a few things that you will need to do prior to them starting with you.
We have highlighted these key steps below for you.

Check your nanny has the right to work in the UK

Simply check an ID document (e.g. passport or visa.)

Agree a gross salary & calculate your total cost

Your total cost will include your nanny’s gross wage, employer’s NI, and any pension contributions. You can use our Gross to Net Salary Calculator to work this out.

Get a contract of employment in place

Nannytax will create a bespoke contract for you as part of our service.

Register as an employer with HMRC.

Nannytax will do this for you as part of our service.

Did you know we have a directory of over 150 nanny agencies – search for your local agency today

USE THE AGENCY DIRECTORY

More to hiring a nanny than you initially thought?

Don’t worry, we are here to help. Along with our Gross to Net Salary Calculator we also have a Holiday Calculator and a Salary Index to guide you on the average salary for a nanny in your region. Plus, we offer comprehensive services in nanny payroll, pensions and insurance – we can even pay your nanny and your HMRC liabilities on your behalf each month.

If you have any questions about your employer responsibilities, or would like to know how we can help you, please contact us.

DISCOVER OUR NANNY EMPLOYMENT SERVICES

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Enable Limited is an Appointed Representative of Fish Administration Limited and authorised by them to sell liability insurance for nannies and their employers. Fish are authorised and regulated by the Financial Conduct Authority. Firm Reference Number is 310172. Fish Administration Limited is registered in England and Wales. Company Registration Number 4214119. Registered Office: Rossington’s Business Park, West Carr Road, Retford, Nottinghamshire, DN22 7SW.

How to Calculate & Pay Nanny Taxes Yourself in 7 Steps

January 31, 2023 is the deadline to provide your household employee(s) with their W-2. Now is the time to start preparing your nanny taxes. Need a primer on paying nanny taxes in general? Check out our guide to paying nanny taxes first.

If you’ve been tracking hours worked, withholding taxes each pay period, and remitting quarterly, congratulations! You’re in good shape this tax season. If not, it isn’t too late. It’ll just take a little more work on your part to catch up and learn how to pay nanny taxes yourself.

1. Verify If You Owe Nanny Taxes

If you paid your nanny $2,400 or more in 2022, then you and your employee owe FICA taxes. This is the contribution to your employee’s Social Security and Medicare accounts. If you paid a nanny $1,000 or more in any calendar quarter, you owe federal and state unemployment taxes.

2. Confirm Your Employee’s Information

To save headaches down the road, make sure you have your employee’s correct legal name, Social Security number, and address.

3. Review Hours Worked

If you’ve kept accurate timesheets and paystubs, this is an easy step to complete. Just confirm that all hours worked have been paid correctly. As a reminder, nannies are to be paid at least minimum wage, which is the highest of the federal, state or local rates. They also receive overtime pay of time-and-half for hours worked over 40 in a week.

4. Calculate Employee Tax Withholding

Your employee owes 7.65 percent of their cash wages in FICA taxes (6.2 percent for Social Security and 1.45 percent for Medicare). You’ll need this for their W-2 so your employee can file their personal tax return. Hopefully, you’ve been withholding and remitting these taxes on your employee’s behalf. If not, they will owe their entire tax obligation when they file their return. This can be thousands of dollars that they may not be able to pay all at once.

Your employee may also owe federal and state (if applicable) income taxes. You’re not required to withhold income taxes from their pay. Again, it’s helpful for your nanny to have this taken out of their pay on a regular basis rather than possibly owing a large sum by the April 15 tax filing deadline. Use a nanny tax calculator to get a clearer picture.

5. Determine Your Tax Obligation

You’ll owe 7.65 percent of what you paid your nanny in FICA taxes as well as six percent on the first $7,000 of gross wages in federal unemployment taxes. You may also owe state unemployment taxes. When you file your personal tax return, this entire amount will be due. Unless, of course, you’ve been paying quarterly.

6. Provide Your Nanny With Their W-2

Complete Form W-2 give it to your nanny by January 31. Form W-2 details the wages they earned for the year plus any taxes that have been withheld. You’ll also need to file Copy A of Form W-2 and Form W-3 with the Social Security Administration by January 31.

7. Complete Schedule H

Fill out Schedule H and attach it to your personal tax return. This is where you’ll report wages paid to your employee as well as tax withholdings including Social Security, Medicare, and federal and state unemployment taxes. You may be able to take a tax credit for your nanny’s pay as a child care expense using Form 2441.

There’s a Better Way…

Nanny taxes are a hassle and you can risk fines and penalties for not getting it right. Save yourself the time and worries and let GTM Payroll Services manage your nanny taxes. Sittercity families get a free setup! They’ll take care of payday (live check or direct deposit), quarterly tax filings, year-end tax forms, and much more. All backed by a team of household employment experts available by phone, email, and chat. Sign up online or call (833) 796-1515 for a free, no-obligation consultation.

Nanny for a student. The student must be supervised.

Increasingly, families need nannies for schoolchildren in Moscow.

The modern school loads the children so much and demands so much from them that the children often cannot stand the stress.

They need to be specially taught to overcome difficulties, they just need help.

To find a demanding, but at the same time understanding, soft nanny for a child of 7, 8, 9, 10 years old, the Good Angel agency will help you.

Call!

Customer Reviews

Learn more about the cost of our services and how we work

Nanny Salary Calculator

Nadezhda Anatolyevna

51 years old

m. Domodedovskaya

Lyudmila Vladimirovna

54 years old

m. Prokshino

Natalia Nesterovna

54 years old

m. Shchelkovskaya

Irina Georgievna

52 years old

Zverevo

Alexandra Mikhailovna

21 years old

m. Kotelniki

Marina Alexandrovna

44 years old

Pushchino

Irina Anatolievna

50 years

m. Shchelkovskaya

Natalya Konstantinovna

58 years old

Naro-Fominsk

Olesya Valerievna

42 years

m. Solntsevo

Oksana Anatolyevna

51 years old

Dzerzhinsky

next page →

Not all of our staff is represented on the site.
Please contact the agency and we will send you a resume that strictly meets your requirements.

Nanny’s resume will contain detailed information about age, work experience, skills
candidate. In addition, many resumes contain video presentations (“video business cards”) of applicants for the position.
nannies.

An example of a video business card in a nanny’s resume

It is very difficult for working parents to live and work in a metropolis. They have no time to take care of their children, so babysitting services for a school-age child are in high demand.

A large city offers a large number of applicants, so there is a danger of hiring an unprofessional worker. We do a very thorough job of searching and selecting among the available resumes needed for your particular family of professional nannies.

We guarantee the presence of high professional competencies in the applicants we have selected. All these women, who have a diploma of a secondary specialized institution or a pedagogical institute, have passed additional certifications. They have a lot of experience working with students.

A nanny for a child of 7,8,9,10 years old must perform the following work:

• cook delicious nutritious meals for a school student
• to pick up a child from school
• read various literature with him
• cooking lessons with a child
• teach him to clean his room
• take them to additional classes in children’s institutions

The cost of a nanny for children of school age is set by the employer himself, while he must be guided by the average price in Moscow for such services. The family in which the nanny works can agree with her on additional services. This should be reflected in the cost of the services of an assistant.

On the website of our agency you can see a large number of CVs, so there are many to choose from.

Nanny with car. The car is always at hand

Finding a nanny with a car in Moscow is quite difficult.

However, we have some. Give us a call and we will find you a babysitter according to your wishes.

Customer Reviews

Learn more about the cost of our services and how we work

Nanny Salary Calculator

Nadezhda Anatolyevna

51 years old

m. Domodedovskaya

Lyudmila Vladimirovna

54 years old

m. Prokshino

Natalia Nesterovna

54 years old

m. Shchelkovskaya

Irina Georgievna

52 years old

Zverevo

Alexandra Mikhailovna

21 years old

m. Kotelniki

Marina Alexandrovna

44 years old

Pushchino

Irina Anatolievna

50 years

m. Shchelkovskaya

Natalya Konstantinovna

58 years old

Naro-Fominsk

Olesya Valerievna

42 years

m. Solntsevo

Oksana Anatolyevna

51 years old

Dzerzhinsky

next page →

Not all of our staff is represented on the site.
Please contact the agency and we will send you a resume that strictly meets your requirements.

Nanny’s resume will contain detailed information about age, work experience, skills
candidate. In addition, many resumes contain video presentations (“video business cards”) of applicants for the position.
nannies.

An example of a video business card in a nanny’s resume

A nanny with a car is in great demand in Moscow, because she is always ready to take the child to training, and if necessary, to the clinic. It is not easy to find such an assistant, because the issue of the nanny’s physical health and her driving skills are very important here. How good a driver she is, we can find out in our Good Angel agency.

When securing a vacancy, our task is to find the right candidate who meets all the requirements of the employer. We will never offer you an unskilled worker. A nanny with a car will pass a thorough check with us, so you don’t have to think about how much you can trust her with your child’s life.

A nanny will take your son or daughter to school, to various school events, clubs, sections, etc. by car, so the home car will not need to be distracted by the delivery of a child with a nanny. You will always be sure that the child is under the strict supervision of a professional assistant.

A nanny with a car, in addition to delivering a child to school, must provide services for:

• cooking meals for my ward
• washing some baby clothes
• daily walks with him in the green area
• daily cleaning of the child’s room in order to accustom him to this
• visiting children’s institutions

Our agency will select a nanny-professional driver who drives carefully.