- What is a nanny share?
- How much does it cost?
- How does it work?
- How Koru Kids helps you
- Can I do it myself?
What is a nanny share?
A nanny share is where two families employ the same nanny to help with their childcare.
The nanny generally looks after both families’ children at the same time, but can also include hours where only one family’s children are involved.
This way the kids have a friend to play with, the nanny gets a higher pay, and both families save on their childcare costs.
What does Koru Kids do?
We specialise in arranging after school childcare for London families by pairing them with a suitable nanny.
In addition to our sole care service, we has recently launched nanny share as a great solution for parents who are looking for a more cost effective solution while keeping all the benefits of having an after school nanny.
After school nanny shares can be brilliant for kids, parents and nannies alike. Kids get to play with a friend. Parents save money by sharing the cost of the nanny. And nannies get paid more per hour. It’s a true win-win-win for everyone.
How much does it cost to use Koru Kids?
Signing up with us is 100% free with no hidden fees or charges. Plus, you pay by family not by number of children.
Once we find the best nanny for you, the costs are:
- £9 per hour for each family when the nanny is looking after both families’ children (shared care hours).
- For hours where the nanny looks after only one family’s children (sole care hours) the cost is £13 per hour.
This covers your share of the nanny’s wages, their holiday pay, tax and pension contributions, employers’ National Insurance, cover against sick/maternity pay, payroll and Koru Kids’ fee.
You can see a full breakdown of the costs here.
Is a nanny share cheaper than a sole care nanny?
Yes, it’s much cheaper.
In fact, it represents 30% in savings for each family included in the share which could represent roughly £2000 in savings after just one year.
It can also be really flexible – one family can have more hours than the other and simply pay the normal sole care rate for the extra time.
Do nannies get paid more in a nanny share?
Yes, nannies earn quite more with nanny shares, going from our £9 per hour rate to £11 per hour, a 22% bump compared to our Koru Kids sole care wage.
How do you match families with nannies?
We’ll ask you some basic questions about both families – how old the kids are, where they go to school, what they enjoy doing, and what hours you require care each week.
We take all your requirements and preferences into consideration when matching you with potential nannies.
We’ll check to see if any of our nannies match your requirements and send you the ones we think are a good fit.
This usually takes 1 day (or a bit longer if you register at the weekend). You’re welcome to meet with multiple candidates before deciding to go ahead.
How many children can a nanny look after at once?
There isn’t a limit on the number of children, but a nanny can only look after two families’ children at once. In practical terms, the key question is how many children each particular nanny feels comfortable looking after.
This will likely depend on the ages of the children, their temperament or needs, and the nanny’s experience.
Shares with two or three children in total are most common.
Who hosts the share?
In some shares, the care always takes place in one family’s home. For other shares, the care is split between both homes.
However you decide to do it, it’s important to let your nanny know well in advance where you would like them to look after the kids each week.
Who takes care of all the admin?
We do! We take care of all the boring, fiddly things.
From the recruitment, vetting and training of your nanny, through to DBS checks, contracts, tax and pension contributions, employers’ National Insurance etc.
Additionally, we’ll offer ongoing support and extra training throughout your relationship.
The process is simple for you as we work in the background to make everything as smooth as possible.
What happens if our nanny gets sick?
It’s never convenient when your nanny gets ill, but with a nanny share it can be much easier to deal with as you have two families as backup.
That’s because nanny shares involve two families, so it’s more likely that one of the adults can take a day off and look after the children without it being a total disaster.
“There have been unexpected benefits of nanny sharing, like when our nanny Nicole is ill and someone can take up the slack or we can share a half day each. Or if one of us is late getting back, the other one can be back. It’s great having another family who can step in in a crisis.” Laura, mum from Ladywell.
What are my responsibilities as an employer?
With Koru Kids, none! We take care of all the admin, and guide you through the process of becoming an employer.
On your behalf we’ll handle:
- Any required pension set-up, administration and pension contributions
- Any employer and employee national insurance contributions
- Managing and running monthly payroll
- Advanced cover against sick/maternity pay administration if required (meaning you won’t be charged in the unlikely event your nanny needs to claims those)
Do I really need help to organise a nanny share?
Lots of people organise their own nanny shares, and these can be very successful.
To set up a DIY share you’ll need to organise the following:
- Find a family who lives nearby, who has children of a similar age, and need help on the same days as you.
- If neither family has a nanny already, you’ll need to find one, check their references, right to work, DBS and ensure you’re happy with their experience and qualifications.
- Draw up two sets of contracts –one for each family as you will both be employers — covering the details of the employment and the obligations of each party.
- All three parties will need insurance and you will need to ensure that the structure of the contracts and payments does not inadvertently create an uninsured or uninsurable liability.
- Even for part time shares, families must operate PAYE schemes and pay their share of the nanny’s tax, employee’s National Insurance, compulsory pension payments, employer’s National Insurance, and any applicable extras such as back taxes or student loan repayments.