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Paid childcare

Discuss everything related to paid childcare here, including childminders, nannies, nurseries and au pairs.

Original poster

Mt C/Ming profit for 04/05 is......

40 replies

katymac · 03/09/2005 10:33

a whopping £6002

For a 52.5 hr week plus extra for paperwork/accounts/training courses etc

Good job I enjoy it

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charliecat · 03/09/2005 23:46

How do you lot do the tax sort of stuff? Is there a manual or a guide, I havent the faintest. Im not a childminder myself and am in awe at your knowledge!

bonkerz · 03/09/2005 23:43

I am the cheapest childminder in my area by 50p per hour! Last tax year i paid no tax. I include all milage, expenses (inc groups) all food(i provide 2 meals a day), all new equipment, a mobile phone that is for buisness use only and on contract, all the usual household bills at the rates set and expenses end up being about £300 per month, sometimes more. Generally its about £120p/m food, £60 p/m milage, £70-£100 per months expenses and £50 household bills.
I could charge more per hour and up my income BUT to be honest i would only end up paying huge amounts of tax and be no better off so i pass on my savings to my parents and if truth be known the Tax person i had advise me on my accounts said that IR dont expect childminders to earn enough to pay tax! Also i find that i actually have alot of disposable income due to the generous allowances set by IR!!!
By setting my prices low i also ensure i am always full, i have 2 childminder friends who charge 50p and £1 and hour more than me and both are facing having to advertise and be empty till they find new mindees! I have a waiting list!!!

alibubbles · 03/09/2005 23:36

Message withdrawn

blondehelen · 03/09/2005 23:35

Wow. As a parent who has used childminders for 6 years this thread is a real eye opener. I pay my cm 3.50 an hour (she keeps telling me she is cheap!!) or £25 a day. I pay my cm about £5500 pa for ds and I provide all his food. TBH I don't wish ds life away but roll on when he starts school! BTW I think most childminders do a fantastic job and I know I couldn't do it but I have also turned down childminders who focus is too much about the money!

alibubbles · 03/09/2005 23:35

Message withdrawn

RTKangaMummy · 03/09/2005 23:17

do you get books from book club?

My dad gives loads of books to DS from there as well as other places

Original poster
katymac · 03/09/2005 21:58

RTKM - my W&T is 275 this month.....

Food, petrol & staff are my big expenditure along with books

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RTKangaMummy · 03/09/2005 21:14

alibubbles as you are in St A. your families pay more per hour don't they?

so it isn't really a fair comparison is it?

IMHO your post is rather unfair and boastful, don't you?

alibubbles · 03/09/2005 21:06

Message withdrawn

Original poster
katymac · 03/09/2005 17:24

About 70%

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alibubbles · 03/09/2005 16:13

Message withdrawn

bonkerz · 03/09/2005 12:52

mine was £3700 for 50 hours a week with 3 children under 3!!!

Original poster
katymac · 03/09/2005 11:35

Hmm a before tax rate of £2.29 per hr

Not really worth it, is it?

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charliecat · 03/09/2005 10:34

Very good job

Original poster
katymac · 03/09/2005 10:34

I ment to put MY

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