New pension legislation has been introduced which makes it mandatory to offer your nanny a pension. Each employer is allocated a date (referred to as the staging date) by which time a nanny pension must be in place. “Automatic Enrolment” requires regular and continuous assessment of your workers. Beyond the assessment of your workers each pay period, there are other statutory requirements placed on you as an employer. The outcomes of the assessment must be communicated with your nanny, and in turn an opportunity for your nanny to either opt out or opt in of the pension scheme, and for either the pension provider or employer to handle workers queries.
Tax Nanny Payroll Ltd offer both a payroll managed & general data support nanny pension interface with NEST our preferred pension provider. We also support any other pension scheme selected by nanny employers as a general data support option.
LEGAL DISCLAIMER: Please note that although our preferred solution NEST is provided in conjunction with Tax Nanny Payroll Ltd, this in NOT a recommendation or financial advice. Other providers are available and it is the employers sole responsibility to establish and appoint a pension scheme provider that meets their own individual needs. Please note our service provision is to act purely as an interface of pension contribution data with your payroll, as well as the passage of information to either pension provider or back to you as the employer. Any questions regarding pensions themselves must be directed to your chosen pension provider. We do not provide any pension or financial advice.