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.'