The information below is primarily for childminders registered in England. If you live in Scotland, Wales or Northern Ireland please make sure you are referring to the right country’s information within the HMRC site.
Most registered childminders are self-employed and run their own business. You can check whether you are employed or self-employed on Her Majesty’s Revenue and Customs (HMRC) website.
If you’re self-employed you normally have to pay Class 2 National Insurance contributions. If your annual profits are over a certain amount you also pay Class 4 contributions. In certain circumstances you may be exempt from paying. Find out more about Class 2 and Class 4 National Insurance contributions, including exceptions, by following the links below.
Class 2 National Insurance contributions
Class 4 National Insurance contributions
You have a legal responsiblity to keep financial records. The Finance Act 1994 and the Finance Bill 2016 state that accurate records must be kept. Information about what records you need to keep can be found on HMRC website.
We have created a ‘Managing your Financial Records Guide and Resource pack’ especially for you. This is an easy to use guide about running the tax and insurance side of a childminding business and is set out in 3 easy sections
What you need to know
What you need to do and how to do it
Forms that you can use and guidance on how and when to use them
