As her nanny you won't have any of the expenses you'd have had as a cm. You won't have any of the paperwork. Your house will look the same in the evening as it did when you left it in the morning (assuming there isn't anyone else in it during the day!!). Mine is usually a complete mess after a day of minding!!
I think if I was given the choice I'd go for the nanny position.
Where abouts in the country are you? I was told by a London nanny agency that the most I could charge was £7 net per hour (taking ds along too). I think it sounds like quite a good deal especially as you wouldn't have any childcare costs for your own children.
Thanks for input. Has made me a bit more realistic about the salary! I would be doing 10hrs per day 4 days per week. So I guess £85gross is about right then with my two kids. She seemed happy to pay me what I would be getting as a childminder.
Brucey Bonus is: not having to worry about getting my house ready for kids coming in the morning. Not having it be a state once kids have gone. Not having to worry about getting food in for them all. Not having breakages and my kids toys will now be their own. Can clear out all CM toys that take up my living room. Don't have to to bloody self-assessment HURAAAH! No OFSTED inspection DOUBLE HURAAAAH!
Down side is: Day is not really my own to decide how we spend it - tho mum seemed happy for us to go out and see friends as wished etc. Will prob worry about getting house spic and span for when mum gets home. Might end up with less cash as can claim most of tax back on expenses with CM.Have to get kids up in morning by 7.30 latest...
"Might end up with less cash as can claim most of tax back on expenses with CM." - Yes, but most of that wouldn't really be nett profit for you as it would be spent on expenses so probably would even out.
There is still a certain degree of freedom with nanying, compared to working in a nursery for instance.