Going back to work soon after my 3rd child and looking to employ a new nanny - my last nanny was from Slovakia and I paid her cash (£80 a day). Have found a fab Ozzie nanny who lives here permanently and she understandably wants me to pay her tax and national insurance too. We live in Twickenham and it is a live out position, looking after 3 kids (6,2 and 8 months) for four days a week. What is the going rate for an experienced nanny, and how much would the tax and NI work out roughly? Don't think I'm going to be able to afford it... Thanks!
Experienced nanny, live-out in Surrey can expect to get around £10 gross per hour. If each day is 10 hours, then annual gross salary is £20,800. Assuming nanny has a standard single person's tax code, you would deduct income tax of £2,953.00 and employees NI of £1,687.40 source You would also pay Employers NI of around £1,967 source
So total cost to you: £20,800 plus £1,967. Call it £23,000 to be safe.
Oodle - do you or your DH have a childcare voucher scheme through work ? If you do, you save some money as the vouchers come out of your pre-tax income. Your Nanny will need to join the Ofsted voluntary register (and have a recognised first aid cert) to be paid in this way - and it costs £100 to reg but it does defray some of the cost.
I am paying £9 per hour net (central london) to a fairly experienced nanny. The market is not as bouyant for nannies as it was a year ago - so she may accept that.
If it helps any, I work in the same area, nanny for 4 children (am very experienced, qualified and agree with others...its a buyers market right now for nannies) and do a waaaay lot more then I am meant to (such as cleaning out the garden shed). I am on 340 net weekly and am about to ask for more. Then again I do a 70hr plus week. I hope that gives you some perspective.
live in I am contracted for 12hrs per day and technically have time off during day but kids are at international school so finish as odd times, plus have to shop, cook, do kids laundry etc so not much time off during the day....like I said it a buyers market.