b'Paying Net Agreeing a net salary is the easiest but more risky and less popular way of passing a salaryNet Pay to your nanny. A net pay amount is the pay after all taxes and pension have already beenDisadvantagesdeducted, leaving you with a set regular fi gure to give to your nanny. By agreeing a net salary amount you For example you may wish to give your nannyare eff ectively agreeing to pick up your 200 per week and put all taxes and pension onnannys tax, NIC and pension costs. top.In this situation NannyPaye would produceNormally this is a predictable amount payslips each payday with that exact 200.00of money but it can leave you open amount showing. Your employer costs areto unpredictable changes in directly aff ected by your nannys personal taxyour nannys tax coding.situation so you should be particularly aware of anything that can aff ect her tax code. Please call NannyPaye for us to guide you through this.Paying GrossAgreeing a gross salary lets you more eff ectively fi x the cost you are prepared to pay for your nanny but is slightly more time-consuming on your part to administer. To pay a gross salary to your nanny simply tell NannyPaye how much Gross you are paying her and we will email a copy of the payslip to you in time for each payday, you simply pay the nanny the net amount we indicate on the payslip. The net amount will vary very slightly each payday due to tax fl uctuations.Weekly or Monthly Payslips?There are no tax diff erences between payingYou may also fi nd it tiresome to take time your nanny on a weekly or monthly basisout of your schedule to arrange a payment so NannyPaye advises employers to maketo your nanny each week, however if you this decision based on the practicality ofhave a net weekly agreement you could either option to you and your nanny. In ourset up a standing order between your experience most employees would like toaccounts which then leaves you with no be paid weekly, however you may want toinvolvement. If it helps, over 80% of our align the nannys pay alongside other largeclients have a monthly payslip on a monthly bills such as a mortgage payment.gross agreement.7'