Personal options

Wednesday, March 26, 2003

The chartered accountants Nyman Linden wishes to defend personal service companies (PSC) for nannies, after the feature on this financial set-up in last month's Professional Nanny. Marketing director Mike Phillips writes, 'Nanny Counts, our PSC scheme, is an option for nannies, not a parent demand. We only accept a nanny as a client if she is comfortable with our solution and with us. However, we do encourage our clients to split the often substantial financial benefits to create a perfect "win-win" situation for them and the parents. We encourage our clients to be seen as dedicated professional nannies carrying out a highly responsible role in sharing parental responsibilities for a future generation. In our view, this can be better achieved on an equitable level through a PSC rather than as a subordinate. 'The PSC is not necessarily for everyone. If a nanny wants the financial and other benefits, she will choose the PSC solution. If she does not want to change, that is her absolute right that no one can condemn.'

The chartered accountants Nyman Linden wishes to defend personal service companies (PSC) for nannies, after the feature on this financial set-up in last month's Professional Nanny. Marketing director Mike Phillips writes, 'Nanny Counts, our PSC scheme, is an option for nannies, not a parent demand. We only accept a nanny as a client if she is comfortable with our solution and with us. However, we do encourage our clients to split the often substantial financial benefits to create a perfect "win-win" situation for them and the parents. We encourage our clients to be seen as dedicated professional nannies carrying out a highly responsible role in sharing parental responsibilities for a future generation. In our view, this can be better achieved on an equitable level through a PSC rather than as a subordinate.

'The PSC is not necessarily for everyone. If a nanny wants the financial and other benefits, she will choose the PSC solution. If she does not want to change, that is her absolute right that no one can condemn.'

So what do nannies think? Are there really other benefits? Does how you collect your pay at the end of the day make any difference to the way you do your job, or to your relationship with your employer or the children? We'd be interested to hear views from nannies and agencies at Professional Nanny.

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